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Previous: FIRST TRUST GNMA SERIES 33 & SERIES 34, 24F-2NT, 1994-02-15 |
Next: MCCLATCHY NEWSPAPERS INC, SC 13G/A, 1994-02-15 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 12/31/93
Institutional Investment Manager:
IDS FINANCIAL CORPORATION
IDS TOWER-10
MINNEAPOLIS MN 55440-0010
I REPRESENT THAT I AM AUTHORIZED TO SUBMIT THIS FORM AND THAT ALL INFORMATION
IN THIS FORM AND THE ATTACHMENTS TO IT IS TRUE, CORRECT AND COMPLETE, AND I
UNDERSTAND THAT ALL REQUIRED ITEMS, STATEMENTS AND SCHEDULES ARE INTEGRAL
PARTS OF THIS FORM AND THAT THE SUBMISSION OF ANY AMENDMENT REPRESENTS THAT
ALL UNAMENDED ITEMS, STATEMENTS AND SCHEDULES REMAIN TRUE, CORRECT AND
COMPLETE AS PREVIOUSLY SUBMITTED.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
Name, Title and Telephone Number of Person Submitting Report:
LOUIS C. FORNETTI SR. V.P.-CORP. CONTROLLER (612) 671-2680
Signature, Place and Date of Signing:
/s/ LOUIS C. FORNETTI MINNEAPOLIS MN 12/31/93
01 AMERICAN EXPRESS COMPANY 028-00698
34 AMERICAN PARTNERS LIFE
02 IDS ADVISORY GROUP, INC. 028-02069
03 IDS BANK & TRUST 028-01151
04 IDS BOND FUND, INC. 028-00192
05 IDS CERTIFICATE COMPANY 028-00140
06 IDS DISCOVERY FUND, INC. 028-01075
07 IDS DIVERSIFIED EQUITY INCOME FUND
08 IDS EQUITY PLUS FUND, INC. 028-00196
09 IDS EXTRA INCOME FUND, INC. 028-01411
10 IDS GLOBAL SERIES, INC. 028-02589
11 IDS GROWTH FUND, INC. 028-00194
12 IDS INTERNATIONAL FUND, INC. 028-01547
13 IDS INVESTMENT SERIES, INC. 028-00199
14 IDS LIFE AGGRES. GROWTH FUND, INC.
15 IDS LIFE CAPITAL RESOURCE FUND, INC. 028-01131
16 IDS LIFE INSURANCE COMPANY 028-00143
17 IDS LIFE INTL EQUITY FUND, INC.
18 IDS LIFE MANAGED FUND, INC. 028-01837
19 IDS LIFE SERIES FUND, INC.- EQUITY PORTFOLIO 028-01835
20 IDS LIFE SERIES FUND, INC.-MANAGED PORTFOLIO 028-01835
21 IDS LIFE SPECIAL INCOME FUND, INC. 028-02178
22 IDS LIFE VARIABLE ANNUITY FUND A 028-00144
<PAGE> PAGE 2
23 IDS LIFE VARIABLE ANNUITY FUND B 028-00145
24 IDS MANAGED RETIREMENT FUND, INC. 028-01546
25 IDS MARKET ADVANTAGE SERIES, INC. 028-02748
26 IDS NEW DIMENSIONS FUND, INC. 028-00198
27 IDS PRECIOUS METALS FUND, INC. 028-01578
28 IDS PROGRESSIVE FUND, INC. 028-00193
29 IDS SELECTIVE FUND, INC. 028-00197
30 IDS STOCK FUND, INC. 028-00195
31 IDS STRATEGY FUND, INC. 028-01473
32 IDS UTILITIES INCOME FUND, INC. 028-02374
33 SHEARSON INSURANCE - MARKETING REINSURANCE CO.
<PAGE> PAGE 3
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ACE LIMITED COM G0070K103 7781 250000 SH DEFINED 0108 250000
ACE LIMITED COM G0070K103 10894 350000 SH DEFINED 0124 350000
ACE LIMITED COM G0070K103 18675 600000 SH DEFINED 011516 600000
AMWY ASIA COM G0352M108 306 8600 SH DEFINED 011618 8600
AMWY ASIA COM G0352M108 25 700 SH DEFINED 011619 700
EK CHOR CHINA COM G29526103 5256 145000 SH DEFINED 0106 145000
EK CHOR CHINA COM G29526103 7250 200000 SH DEFINED 0111 200000
EK CHOR CHINA COM G29526103 4531 125000 SH DEFINED 0124 125000
EK CHOR CHINA COM G29526103 1994 55000 SH DEFINED 011619 55000
EK CHOR CHINA COM G29526103 4169 115000 SH DEFINED 011614 115000
EK CHOR CHINA COM G29526103 11627 320700 SH DEFINED 0102 320700
EK CHOR CHINA COM G29526103 6525 180000 SH DEFINED 0131 180000
EK CHOR CHINA COM G29526103 265 7300 SH DEFINED 0103 7300
PARTNERS COM G6852T105 9788 450000 SH DEFINED 0113 450000
TOMMY HILFIGER COM G8915Z102 625 20000 SH DEFINED 011619 20000
ORTHOFIX INTL COM N6748L102 2219 250000 SH DEFINED 0128 250000
PANAMERICAN BEV COM P74823108 1488 38900 SH DEFINED 0128 38900
PANAMERICAN BEV COM P74823108 4781 125000 SH DEFINED 0124 125000
ROYAL CARIBBEAN COM V7780T103 9363 350000 SH DEFINED 0124 350000
ADC TELECOM COM 000886101 3919 110000 SH DEFINED 0106 110000
ADC TELECOM COM 000886101 3384 95000 SH DEFINED 011614 95000
ADC TELECOM COM 000886101 9625 270200 SH DEFINED 0102 270200
ADC TELECOM COM 000886101 5166 145000 SH DEFINED 0131 145000
ADC TELECOM COM 000886101 125 3500 SH DEFINED 0103 3500
AER ENERGY COM 000944108 2050 200000 SH DEFINED 011614 200000
AGCO CORP $25 CONV PFD STOCK 001084201 4208 90000 SH DEFINED 0107 90000
AES CORP CONV BOND 00130HAA3 1098 1000000 PRN DEFINED 0107 1000000
AES CORP COM 00130H105 7000 200000 SH DEFINED 0132 200000
ALC COMMUNICATIONS I COM 001575307 5175 180000 SH DEFINED 0106 180000
ALC COMMUNICATIONS I COM 001575307 1438 50000 SH DEFINED 011619 50000
ALC COMMUNICATIONS I COM 001575307 4456 155000 SH DEFINED 011614 155000
ALC COMMUNICATIONS I COM 001575307 18209 633276 SH DEFINED 0102 633276
ALC COMMUNICATIONS I COM 001575307 6756 235000 SH DEFINED 0131 235000
ALC COMMUNICATIONS I COM 001575307 331 11500 SH DEFINED 0103 11500
AM INTERNATIONAL COM 001725100 6302 654702 SH DEFINED 0109 654702
AM INTERNATIONAL COM 001725100 1564 162529 SH DEFINED 0105 162529
AMR CORP DEL COM 001765106 154 2300 SH DEFINED 0125 2300
AMR CORP DEL COM 001765106 6700 100000 SH DEFINED 011618 100000
AMR CORP DEL COM 001765106 70789 1056465 SH DEFINED 0102 306400 750065
AMR CORP DEL COM 001765106 3443 51368 SH DEFINED 0103 48500 2868
AMR CORP DEL COM 001765106 3484 52000 SH DEFINED 01 52000
AMR CORP 144A $50 CONV PFD STOCK 001765882 3499 66250 SH DEFINED 011516 66250
AMR CORP 144A $50 CONV PFD STOCK 001765882 3103 58750 SH DEFINED 011618 58750
ARCO CHEMICAL CO COM 001920107 24869 575000 SH DEFINED 0113 575000
ARCO CHEMICAL CO COM 001920107 6488 150000 SH DEFINED 0107 150000
ARCO CHEMICAL CO COM 001920107 9731 225000 SH DEFINED 0131 225000
ARCO CHEMICAL CO COM 001920107 476 11000 SH DEFINED 0103 11000
ABBOTT LABS COM 002824100 8850 300000 SH DEFINED 0108 300000
ABBOTT LABS COM 002824100 8850 300000 SH DEFINED 0124 300000
ABBOTT LABS COM 002824100 720 24400 SH DEFINED 0125 24400
<PAGE> PAGE 4
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ABBOTT LABS COM 002824100 14267 483655 SH DEFINED 0102 235500 248155
ABBOTT LABS COM 002824100 925 31368 SH DEFINED 0103 31368
ACCLAIM ENMNT INC COM 004325205 3188 150000 SH DEFINED 0106 150000
ACCLAIM ENMNT INC COM 004325205 2656 125000 SH DEFINED 011614 125000
ACCLAIM ENMNT INC COM 004325205 4038 190000 SH DEFINED 0131 190000
ADVANCED MICRO DEV COM 007903107 40 2262 SH DEFINED 0103 2262
ADVANCED MICRO DEV CONV PFD STOCK 007903305 950 20000 SH DEFINED 011620 20000
ADVANTA B COM 007942204 9916 341900 SH DEFINED 0102 341900
ADVANTA B COM 007942204 145 5000 SH DEFINED 0103 5000
AETNA LIFE & CAS COM 008140105 302 5000 SH DEFINED 0107 5000
AETNA LIFE & CAS COM 008140105 172 2853 SH DEFINED 0103 2853
AFFYMAX NV COM 008267106 1106 75000 SH DEFINED 0106 75000
AFFYMAX NV COM 008267106 738 50000 SH DEFINED 011614 50000
AHMANSON HF & CO COM 008677106 1007 51300 SH DEFINED 0125 51300
AHMANSON HF & CO COM 008677106 1550 79000 SH DEFINED 0107 79000
AHMANSON HF & CO COM 008677106 139 7100 SH DEFINED 0102 7100
AHMANSON HF & CO COM 008677106 2581 131500 SH DEFINED 0131 131500
AHMANSON HF & CO COM 008677106 588 29951 SH DEFINED 0103 29951
AIR PROD & CHEM COM 009158106 11063 250000 SH DEFINED 0108 250000
AIR PROD & CHEM COM 009158106 26550 600000 SH DEFINED 0124 600000
AIR PROD & CHEM COM 009158106 33393 754602 SH DEFINED 0102 336300 418302
AIR PROD & CHEM COM 009158106 2675 60451 SH DEFINED 0103 57600 2851
AKZO COM 010199990 4236 43850 SH DEFINED 0112 43850
AKZO COM 010199990 3980 41200 SH DEFINED 011617 41200
AKZO COM 010199990 1285 13300 SH DEFINED 0131 13300
ALBANY INTERNATIONAL CONV BOND 012348AA6 4788 5000000 PRN DEFINED 0104 5000000
ALBANY INTERNATIONAL CONV BOND 012348AA6 4788 5000000 PRN DEFINED 011621 5000000
ALBANY INTL CORP NEW COM 012348108 1052 55000 SH DEFINED 011620 55000
ALBERTO CULVER COM 013068101 16 688 SH DEFINED 0103 688
ALBERTSONS INC COM 013104104 10031 375000 SH DEFINED 0108 375000
ALBERTSONS INC COM 013104104 43 1600 SH DEFINED 0102 1600
ALBERTSONS INC COM 013104104 174 6492 SH DEFINED 0103 6492
ALCAN ALUMINIUM LTD COM 013716105 118 5705 SH DEFINED 0103 5705
ALCO STANDARD COM 013788104 65 1180 SH DEFINED 0103 1180
ALDILA COM 014384101 2157 75700 SH DEFINED 0106 75700
ALDILA COM 014384101 1853 65000 SH DEFINED 011614 65000
ALEXNDR & ALEX SERV COM 014476105 21 1083 SH DEFINED 0103 1083
ALLEGHENY LUDLUM COM 016900102 22681 950000 SH DEFINED 0130 950000
ALLEGHENY LUDLUM COM 016900102 2879 120600 SH DEFINED 0102 120600
ALLEGHENY PWR SYSTEM COM 017411109 6360 240000 SH DEFINED 0132 240000
ALLERGAN INC COM 018490102 40 1771 SH DEFINED 0103 1771
ALLIED GROUP INC COM 019220102 4725 180000 SH DEFINED 0128 180000
ALLIED SIGNAL INC COM 019512102 15800 200000 SH DEFINED 011618 200000
ALLIED SIGNAL INC COM 019512102 288 3640 SH DEFINED 0103 3640
ALLIED SIGNAL INC COM 019512102 14457 183000 SH DEFINED 01 183000
ALLTEL CORP COM 020039103 17700 600000 SH DEFINED 0124 600000
ALLTEL 7.75 $100 PAR PREFERRED STOCK 02009*990 948 9390 SH DEFINED 0105 9390
ALUMINUM CO AMERICA COM 022249106 150 2164 SH DEFINED 0103 2164
ALUMINUM CO AMERICA COM 022249106 1734 25000 SH DEFINED 01 25000
ALZA COM 022615108 55 1969 SH DEFINED 0103 1969
<PAGE> PAGE 5
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AMERADA HESS COM 023551104 107 2361 SH DEFINED 0103 2361
AMDAHL CORP COM 023905102 17 2852 SH DEFINED 0103 2852
AMERICAN BARRICK RES COM 02451E109 7125 250000 SH DEFINED 0127 250000
AMERICAN BARRICK RES COM 02451E109 206 7221 SH DEFINED 0103 7221
AMERICAN BRANDS INC. COM 024703100 24938 750000 SH DEFINED 0113 750000
AMERICAN BRANDS INC. COM 024703100 286 8600 SH DEFINED 0102 8600
AMERICAN BRANDS INC. COM 024703100 9144 275000 SH DEFINED 0131 275000
AMERICAN BRANDS INC. COM 024703100 622 18715 SH DEFINED 0103 18715
AMERICAN CYANAMID COM 025321100 17588 350000 SH DEFINED 0113 350000
AMERICAN CYANAMID COM 025321100 90 1800 SH DEFINED 0102 1800
AMERICAN CYANAMID COM 025321100 119 2362 SH DEFINED 0103 2362
AMERICAN ELEC PWR COM 025537101 22275 600000 SH DEFINED 0113 600000
AMERICAN ELEC PWR COM 025537101 8910 240000 SH DEFINED 0132 240000
AMERICAN ELEC PWR COM 025537101 397 10700 SH DEFINED 0125 10700
AMERICAN ELEC PWR COM 025537101 59 1600 SH DEFINED 0102 1600
AMERICAN ELEC PWR COM 025537101 346 9322 SH DEFINED 0103 9322
AMERICAN EXPLORATION COM 025762105 0 42 SH DEFINED 0102 42
AMERICAN EXPRESS COM 025816109 217964 7059554 SH DEFINED 0103 7059554
AMERICAN EXPRESS COM 025816109 5803 187949 SH DEFINED 01 187949
AMER GENERAL CORP COM 026351106 25763 900000 SH DEFINED 0113 900000
AMER GENERAL CORP COM 026351106 2863 100000 SH DEFINED 0107 100000
AMER GENERAL CORP COM 026351106 48560 1696290 SH DEFINED 0102 582600 1113690
AMER GENERAL CORP COM 026351106 8588 300000 SH DEFINED 0131 300000
AMER GENERAL CORP COM 026351106 2621 91558 SH DEFINED 0103 69250 22308
AMER GENERAL CORP COM 026351106 11536 403000 SH DEFINED 01 403000
AM GREETINGS CL A COM 026375105 60 1770 SH DEFINED 0103 1770
AMERICAN HEALTH PROP COM 026494104 3000 120000 SH DEFINED 0132 120000
AMER HOME PRODUCTS COM 026609107 16188 250000 SH DEFINED 0113 250000
AMER HOME PRODUCTS COM 026609107 1619 25000 SH DEFINED 0107 25000
AMER HOME PRODUCTS COM 026609107 291 4500 SH DEFINED 0102 4500
AMER HOME PRODUCTS COM 026609107 8094 125000 SH DEFINED 0131 125000
AMER HOME PRODUCTS COM 026609107 937 14469 SH DEFINED 0103 14469
AMERICAN INTL GROUP COM 026874107 87750 1000000 SH DEFINED 0126 1000000
AMERICAN INTL GROUP COM 026874107 5704 65000 SH DEFINED 011622 65000
AMERICAN INTL GROUP COM 026874107 12724 145000 SH DEFINED 011623 145000
AMERICAN INTL GROUP COM 026874107 21938 250000 SH DEFINED 011516 250000
AMERICAN INTL GROUP COM 026874107 200353 2283206 SH DEFINED 0102 833300 1449906
AMERICAN INTL GROUP COM 026874107 9382 106916 SH DEFINED 0103 98800 8116
AMERICAN INTL GROUP COM 026874107 2018 23000 SH DEFINED 01 23000
AMERICAN MANAGEMENT COM 027352103 304 15400 SH DEFINED 0106 15400
AMERICAN MANAGEMENT COM 027352103 375 19000 SH DEFINED 011619 19000
AMERICAN MANAGEMENT COM 027352103 251 12700 SH DEFINED 011614 12700
AMERICAN MANAGEMENT COM 027352103 393 19900 SH DEFINED 0131 19900
AMERICAN PRESIDENT COM 029103108 1260 22000 SH DEFINED 0107 22000
AMERICAN REA COM 029163102 5675 200000 SH DEFINED 0108 200000
AMERICAN STORES CO COM 030096101 56 1300 SH DEFINED 0125 1300
AMERICAN STORES CO COM 030096101 9 200 SH DEFINED 0102 200
AMERICAN STORES CO COM 030096101 98 2270 SH DEFINED 0103 2270
AT & T COM 030177109 13125 250000 SH DEFINED 0132 250000
AT & T COM 030177109 688 13100 SH DEFINED 0125 13100
<PAGE> PAGE 6
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
AT & T COM 030177109 5250 100000 SH DEFINED 011618 100000
AT & T COM 030177109 148 2800 SH DEFINED 0102 2800
AT & T COM 030177109 2092 39831 SH DEFINED 0103 39831
AMERITECH CORP COM 030954101 528 6885 SH DEFINED 0103 6885
AMGEN INC COM 031162100 4703 95000 SH DEFINED 0106 95000
AMGEN INC COM 031162100 14850 300000 SH DEFINED 0124 300000
AMGEN INC COM 031162100 252 5100 SH DEFINED 0125 5100
AMGEN INC COM 031162100 27225 550000 SH DEFINED 011516 550000
AMGEN INC COM 031162100 3960 80000 SH DEFINED 011614 80000
AMGEN INC COM 031162100 1603 32404 SH DEFINED 0102 32404
AMGEN INC COM 031162100 5940 120000 SH DEFINED 0131 120000
AMGEN INC COM 031162100 279 5643 SH DEFINED 0103 5643
AMGEN INC COM 031162100 6436 130000 SH DEFINED 01 130000
AMP COM 031897101 168 2656 SH DEFINED 0103 2656
AMOCO CORP COM 031905102 13219 250000 SH DEFINED 0124 250000
AMOCO CORP COM 031905102 9253 175000 SH DEFINED 0131 175000
AMOCO CORP COM 031905102 1125 21290 SH DEFINED 0103 21290
AMPHENOL CORP COM 032094203 3300 200000 SH DEFINED 0124 200000
AMPHENOL CORP COM 032094203 3053 185000 SH DEFINED 01 185000
AMSOUTH BANCORPORATI COM 032165102 6250 200000 SH DEFINED 0128 200000
AMSOUTH BANCORPORATI COM 032165102 4616 147700 SH DEFINED 0131 147700
AMSOUTH BANCORPORATI COM 032165102 225 7200 SH DEFINED 0103 7200
AMTECH CORP COM 032329104 4680 195000 SH DEFINED 0106 195000
AMTECH CORP COM 032329104 710 29600 SH DEFINED 011619 29600
AMTECH CORP COM 032329104 4018 167400 SH DEFINED 011614 167400
AMTECH CORP COM 032329104 7758 323250 SH DEFINED 0102 323250
AMTECH CORP COM 032329104 5880 245000 SH DEFINED 0131 245000
AMTECH CORP COM 032329104 103 4275 SH DEFINED 0103 4275
AMYLIN PHARM COM 032346108 1658 127500 SH DEFINED 0106 127500
AMYLIN PHARM COM 032346108 1365 105000 SH DEFINED 011614 105000
ANACOMP INC WARRANT 032375123 438 166930 SH DEFINED 0109 166930
ANACOMP 8.25 SER 1 PREFERRED STOCK 032375404 1900 50000 SH DEFINED 0109 50000
ANACOMP 8.25 SER 1 PREFERRED STOCK 032375404 380 10000 SH DEFINED 0131 10000
ANANGEL AMER SHIPHLD COM 032721201 921 55000 SH DEFINED 0107 55000
ANDREW CORP COM 034425108 2888 75000 SH DEFINED 0106 75000
ANDREW CORP COM 034425108 9625 250000 SH DEFINED 0111 250000
ANDREW CORP COM 034425108 512 13300 SH DEFINED 0125 13300
ANDREW CORP COM 034425108 1155 30000 SH DEFINED 011619 30000
ANDREW CORP COM 034425108 2310 60000 SH DEFINED 011614 60000
ANDREW CORP COM 034425108 6232 161800 SH DEFINED 0102 161800
ANDREW CORP COM 034425108 3850 100000 SH DEFINED 0131 100000
ANDREW CORP COM 034425108 342 8893 SH DEFINED 0103 3100 5793
ANDREW CORP COM 034425108 92 2400 SH DEFINED 01 2400
ANHEUSER BUSCH CO COM 035229103 338 6883 SH DEFINED 0103 6883
AON CORP COM 037389103 24188 500000 SH DEFINED 0113 500000
AON CORP COM 037389103 8466 175000 SH DEFINED 0131 175000
AON CORP COM 037389103 484 10000 SH DEFINED 0103 10000
APPLE COMPUTER COM 037833100 89 3050 SH DEFINED 0103 3050
APPLIED MATERIALS COM 038222105 5813 150000 SH DEFINED 0106 150000
APPLIED MATERIALS COM 038222105 4650 120000 SH DEFINED 011614 120000
<PAGE> PAGE 7
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
APPLIED MATERIALS COM 038222105 7363 190000 SH DEFINED 0131 190000
ARCH COMMUNICATIONS COM 039381108 369 26800 SH DEFINED 011516 26800
ARCH COMMUNICATIONS COM 039381108 1818 132200 SH DEFINED 011619 132200
ARCHER DANIELS MDLND COM 039483102 200 8780 SH DEFINED 0103 8780
ARIZONA PUB SER V PREFERRED STOCK 040555799 3225 30000 SH DEFINED 01 30000
ARIZONA PUB SVC $100 PREFERRED STOCK 040555815 5988 50000 SH DEFINED 0105 50000
ARIZONA $100 PREFERRED STOCK 040555823 4613 45000 SH DEFINED 0105 45000
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 3543 38100 SH DEFINED 01 38100
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 2139 23000 SH DEFINED 0116 23000
ARIZONA PUB SVC $100 PREFERRED STOCK 040555856 2056 20309 SH DEFINED 0105 20309
ARKLA INC COM 041237108 19057 2419933 SH DEFINED 0103 2419933
ARMCO INC COM 042170100 297 49530 SH DEFINED 0103 49530
ARMSTRONG WORLD IND COM 042476101 47 884 SH DEFINED 0103 884
ASARCO INC COM 043413103 25 1082 SH DEFINED 0103 1082
ASHLAND OIL COM 044540102 54 1575 SH DEFINED 0103 1575
ATLANTIC RICHFIELD COM 048825103 26313 250000 SH DEFINED 0113 250000
ATLANTIC RICHFIELD COM 048825103 8946 85000 SH DEFINED 0132 85000
ATLANTIC RICHFIELD COM 048825103 5263 50000 SH DEFINED 0107 50000
ATLANTIC RICHFIELD COM 048825103 8946 85000 SH DEFINED 0131 85000
ATLANTIC RICHFIELD COM 048825103 879 8344 SH DEFINED 0103 8344
ATLANTIC RICHFIELD COM 048825103 5473 52000 SH DEFINED 01 52000
AUTO DESK COM 052769106 27 589 SH DEFINED 0103 589
AUTO DATA PROC CVT CONV BOND 053015AC7 19013 45000000 PRN DEFINED 0130 45000000
AUTOMATIC DATA PROC. COM 053015103 36830 666600 SH DEFINED 011516 666600
AUTOMATIC DATA PROC. COM 053015103 100 1800 SH DEFINED 0102 1800
AUTOMATIC DATA PROC. COM 053015103 201 3640 SH DEFINED 0103 3640
AUTOMOTIVE IND COM 05329E102 14563 500000 SH DEFINED 0124 500000
AUTOMOTIVE IND COM 05329E102 1748 60000 SH DEFINED 011619 60000
AUTOMOTIVE IND COM 05329E102 10067 345600 SH DEFINED 0102 345600
AUTOMOTIVE IND COM 05329E102 160 5500 SH DEFINED 0103 5500
AUTOTOTE CORP COM 053323101 1188 54000 SH DEFINED 011619 54000
AUTOZONE COM 053332102 29 500 SH DEFINED 0102 500
AUTOZONE COM 053332102 412 7200 SH DEFINED 0103 7200
AVALON COM 053469102 3075 150000 SH DEFINED 0132 150000
AVALON COM 053469102 5023 245000 SH DEFINED 0131 245000
AVALON COM 053469102 226 11000 SH DEFINED 0103 11000
AVERY DENNISON CORP COM 053611109 43 1475 SH DEFINED 0103 1475
AVID TECH COM 05367P100 641 30000 SH DEFINED 011619 30000
AVON PRODUCTS COM 054303102 86 1769 SH DEFINED 0103 1769
BB&T FINANCIAL COM 05527L106 5436 163500 SH DEFINED 0128 163500
BB&T FINANCIAL COM 05527L106 3325 100000 SH DEFINED 0131 100000
BCE INC COM 05534B109 24413 700000 SH DEFINED 0113 700000
BCE INC COM 05534B109 6975 200000 SH DEFINED 0132 200000
BCE INC COM 05534B109 6975 200000 SH DEFINED 011618 200000
BCE INC COM 05534B109 9591 275000 SH DEFINED 0131 275000
BCE INC COM 05534B109 523 15000 SH DEFINED 0103 15000
BCE INC COM 05534B109 4917 141000 SH DEFINED 01 141000
BHC FINANCIAL INC COM 05544W101 2750 100000 SH DEFINED 0111 100000
BISYS GROUP COM 055472104 8453 490000 SH DEFINED 011516 490000
BISYS GROUP COM 055472104 1380 80000 SH DEFINED 011619 80000
<PAGE> PAGE 8
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BMC SOFTWARE INC COM 055921100 2880 60000 SH DEFINED 0106 60000
BMC SOFTWARE INC COM 055921100 2400 50000 SH DEFINED 011614 50000
BMC SOFTWARE INC COM 055921100 3840 80000 SH DEFINED 0131 80000
BAKER HUGHES COM 057224107 71 3542 SH DEFINED 0103 3542
BALL CORP COM 058498106 3025 100000 SH DEFINED 0107 100000
BALL CORP COM 058498106 21 688 SH DEFINED 0103 688
BALLARD MEDICAL PROD COM 058566100 2 137 SH DEFINED 0102 137
BALLY GAMING INTL IN COM 058731100 2243 130000 SH DEFINED 0106 130000
BALLY GAMING INTL IN COM 058731100 6900 400000 SH DEFINED 0124 400000
BALLY GAMING INTL IN COM 058731100 1725 100000 SH DEFINED 011614 100000
BALLY GAMING INTL IN COM 058731100 3950 228900 SH DEFINED 0102 228900
BALLY GAMING INTL IN COM 058731100 2588 150000 SH DEFINED 0131 150000
BALLY GAMING INTL IN COM 058731100 76 4400 SH DEFINED 0103 4400
BALLY MANUFACTURING COM 058732108 10 1181 SH DEFINED 0103 1181
BALTIMORE GAS & ELEC COM 059165100 23 900 SH DEFINED 0102 900
BALTIMORE GAS & ELEC COM 059165100 95 3739 SH DEFINED 0103 3739
BANC ONE CORP COM 059438101 84 2125 SH DEFINED 0102 2125
BANC ONE CORP COM 059438101 346 8856 SH DEFINED 0103 8856
BANCO PORTUGUES ADR COM 059479303 2669 175000 SH DEFINED 0128 175000
BANCO DE SANTANDER COM 059574202 23313 500000 SH DEFINED 0130 500000
BANCO DE SANTANDER COM 059574202 933 20000 SH DEFINED 011620 20000
BANCO FRANCES COM 059591107 1181 30000 SH DEFINED 011620 30000
BAN NAC DEMEX 144A CONV BOND 059617AA8 25150 20000000 PRN DEFINED 0130 20000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 2012 1600000 PRN DEFINED 0104 1600000
BAN NAC DEMEX 144A CONV BOND 059617AA8 1258 1000000 PRN DEFINED 0109 1000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 12575 10000000 PRN DEFINED 0124 10000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 1886 1500000 PRN DEFINED 0107 1500000
BAN NAC DEMEX 144A CONV BOND 059617AA8 1886 1500000 PRN DEFINED 011621 1500000
BAN NAC DEMEX 144A CONV BOND 059617AA8 943 750000 PRN DEFINED 011620 750000
BAN NAC DEMEX 144A CONV BOND 059617AA8 1132 900000 PRN DEFINED 0131 900000
BANCORP HAWAII INC COM 059685107 13325 325000 SH DEFINED 0113 325000
BANCORP HAWAII INC COM 059685107 1435 35000 SH DEFINED 011614 35000
BANCORP HAWAII INC COM 059685107 9020 220000 SH DEFINED 0131 220000
BANCORP HAWAII INC COM 059685107 205 5000 SH DEFINED 0103 5000
BANK OF BOSTON COM 060716107 313 13600 SH DEFINED 0125 13600
BANK OF BOSTON COM 060716107 44 1900 SH DEFINED 0102 1900
BANK OF BOSTON COM 060716107 188 8172 SH DEFINED 0103 8172
BANK AMERICA CORP COM 066050105 13913 300000 SH DEFINED 0113 300000
BANK AMERICA CORP COM 066050105 23188 500000 SH DEFINED 0124 500000
BANK AMERICA CORP COM 066050105 937 20200 SH DEFINED 0125 20200
BANK AMERICA CORP COM 066050105 25506 550000 SH DEFINED 011516 550000
BANK AMERICA CORP COM 066050105 80010 1725283 SH DEFINED 0102 720400 1004883
BANK AMERICA CORP COM 066050105 8348 180000 SH DEFINED 0131 180000
BANK AMERICA CORP COM 066050105 4246 91552 SH DEFINED 0103 66200 25352
BANK AMERICA CORP COM 066050105 1720 37100 SH DEFINED 01 37100
BANKERS TRUST NY COM 066365107 2572 32500 SH DEFINED 0107 32500
BANKERS TRUST NY COM 066365107 171 2165 SH DEFINED 0103 2165
BANYAN CORP COM 066908104 5625 375000 SH DEFINED 0130 375000
BANYAN CORP COM 066908104 4500 300000 SH DEFINED 0108 300000
BANYAN CORP COM 066908104 8625 575000 SH DEFINED 011516 575000
<PAGE> PAGE 9
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BARCLAYS PLC ADR COM 06738E204 38 1000 SH DEFINED 0102 1000
C R BARD INC COM 067383109 32 1278 SH DEFINED 0103 1278
BARNES & NOBLE COM 067774109 8706 350000 SH DEFINED 011516 350000
BARNETT BKS INC COM 068055102 220 5300 SH DEFINED 0125 5300
BARNETT BKS INC COM 068055102 29 700 SH DEFINED 0102 700
BARNETT BKS INC COM 068055102 197 4759 SH DEFINED 0103 4759
BASSETT FURN IND. COM 070203104 11 318 SH DEFINED 0103 318
BAUSCH & LOMB COM 071707103 41 800 SH DEFINED 0102 800
BAUSCH & LOMB COM 071707103 81 1575 SH DEFINED 0103 1575
BAXTER INTL INC COM 071813109 175 7182 SH DEFINED 0103 7182
BE AEROSPACE COM 073302101 2379 235000 SH DEFINED 0128 235000
BECKMAN INSTRUMENTS COM 075816108 3696 135000 SH DEFINED 0108 135000
BECKMAN INSTRUMENTS COM 075816108 3422 125000 SH DEFINED 0128 125000
BECKMAN INSTRUMENTS COM 075816108 3624 132400 SH DEFINED 011516 132400
BECKMAN INSTRUMENTS COM 075816108 5475 200000 SH DEFINED 0131 200000
BECKMAN INSTRUMENTS COM 075816108 233 8500 SH DEFINED 0103 8500
BECTON DICKINSON COM 075887109 71 1967 SH DEFINED 0103 1967
BED BATH & BEYOND IN COM 075896100 1472 42648 SH DEFINED 0102 42648
BED BATH & BEYOND IN COM 075896100 1197 34700 SH DEFINED 0103 34700
BELL ATLANTIC COM 077853109 25075 425000 SH DEFINED 0130 425000
BELL ATLANTIC COM 077853109 4425 75000 SH DEFINED 0108 75000
BELL ATLANTIC COM 077853109 1475 25000 SH DEFINED 0132 25000
BELL ATLANTIC COM 077853109 8850 150000 SH DEFINED 011618 150000
BELL ATLANTIC COM 077853109 79 1333 SH DEFINED 0131 1333
BELL ATLANTIC COM 077853109 652 11053 SH DEFINED 0103 11053
BELL SPORTS COM 077903102 4627 149300 SH DEFINED 0102 149300
BELL SPORTS COM 077903102 90 2900 SH DEFINED 0103 2900
BELL SOUTH COM 079860102 21703 375000 SH DEFINED 0113 375000
BELL SOUTH COM 079860102 7234 125000 SH DEFINED 0132 125000
BELL SOUTH COM 079860102 6551 113200 SH DEFINED 0125 113200
BELL SOUTH COM 079860102 5788 100000 SH DEFINED 011618 100000
BELL SOUTH COM 079860102 51775 894655 SH DEFINED 0102 340650 554005
BELL SOUTH COM 079860102 5909 102091 SH DEFINED 0103 43700 58391
A.H BELO SER A COM 080555105 12202 230200 SH DEFINED 0102 230200
A.H BELO SER A COM 080555105 239 4500 SH DEFINED 0103 4500
BEMIS CO. COM 081437105 30 1278 SH DEFINED 0103 1278
BENEFICIAL CORP COM 081721102 22950 600000 SH DEFINED 0130 600000
BENEFICIAL CORP COM 081721102 23906 625000 SH DEFINED 0113 625000
BENEFICIAL CORP COM 081721102 7650 200000 SH DEFINED 0131 200000
BENEFICIAL CORP COM 081721102 443 11578 SH DEFINED 0103 11578
BERG ELECTRONICS HLD COM 083726109 1233 770400 SH DEFINED 0109 770400
BERGEN BRUNSWIG CL A COM 083739102 3618 205300 SH DEFINED 0128 205300
BERGEN BRUNSWIG CL A COM 083739102 5288 300000 SH DEFINED 0124 300000
BERGEN BRUNSWIG CL A COM 083739102 4549 258100 SH DEFINED 0131 258100
BERGEN BRUNSWIG CL A COM 083739102 226 12850 SH DEFINED 0103 12850
BEST BUY CO COM 086516101 13950 300000 SH DEFINED 0126 300000
BETHLEHEM STEEL COM 087509105 151 7400 SH DEFINED 0125 7400
BETHLEHEM STEEL COM 087509105 7906 387918 SH DEFINED 0102 151000 236918
BETHLEHEM STEEL COM 087509105 881 43273 SH DEFINED 0103 37912 5361
BETHLEHEM STEEL COM 087509105 6703 329000 SH DEFINED 01 329000
<PAGE> PAGE 10
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BETH STEEL $50 144A CONV PFD STOCK 087509501 17325 300000 SH DEFINED 0130 300000
BETH STEEL $50 144A CONV PFD STOCK 087509501 4851 84000 SH DEFINED 0107 84000
BEVERLY ENTERPRISES COM 087851101 26 1968 SH DEFINED 0103 1968
BIOGEN INC COM 090597105 7975 200000 SH DEFINED 0111 200000
BIOGEN INC COM 090597105 6549 164200 SH DEFINED 0102 164200
BIOGEN INC COM 090597105 112 2800 SH DEFINED 0103 2800
BIOMET COM 090613100 30 2951 SH DEFINED 0103 2951
BIRMINGHAM STEEL COR COM 091250100 8325 300000 SH DEFINED 0111 300000
BIRMINGHAM STEEL COR COM 091250100 1110 40000 SH DEFINED 011620 40000
BIRMINGHAM STEEL COR COM 091250100 2126 76600 SH DEFINED 01 76600
BLACK & DECKER COM 091797100 16 800 SH DEFINED 0125 800
BLACK & DECKER COM 091797100 7571 383206 SH DEFINED 0102 142100 241106
BLACK & DECKER COM 091797100 51 2564 SH DEFINED 0103 2564
BLACK & DECKER COM 091797100 59 3000 SH DEFINED 01 3000
EW BLANCH COM 093210102 10800 600000 SH DEFINED 0124 600000
EW BLANCH COM 093210102 900 50000 SH DEFINED 0131 50000
BLOCK H&R INC COM 093671105 21394 525000 SH DEFINED 0130 525000
BLOCK H&R INC COM 093671105 36675 900000 SH DEFINED 0126 900000
BLOCK H&R INC COM 093671105 2201 54000 SH DEFINED 011622 54000
BLOCK H&R INC COM 093671105 4890 120000 SH DEFINED 011623 120000
BLOCK H&R INC COM 093671105 26488 650000 SH DEFINED 011516 650000
BLOCK H&R INC COM 093671105 133 3257 SH DEFINED 0103 3257
BLOCKBUSTER ENTRTNMT COM 093676104 40425 1320000 SH DEFINED 0126 1320000
BLOCKBUSTER ENTRTNMT COM 093676104 169 5534 SH DEFINED 0103 5534
BOATMEN'S BANCSHARES COM 096650106 76 2558 SH DEFINED 0103 2558
BOEING COM 097023105 379 8756 SH DEFINED 0103 8756
BOEING COM 097023105 433 10000 SH DEFINED 01 10000
BOISE CASCADE COM 097383103 233 9900 SH DEFINED 0125 9900
BOISE CASCADE COM 097383103 33 1400 SH DEFINED 0102 1400
BOISE CASCADE COM 097383103 115 4884 SH DEFINED 0103 4884
BOISE CASCADE YES E PREFERRED STOCK 097383608 3274 135000 SH DEFINED 0107 135000
BOISE CASCADE 21.125 CONV PFD STOCK 097383863 3325 140000 SH DEFINED 0132 140000
BOISE CASCADE 21.125 CONV PFD STOCK 097383863 5700 240000 SH DEFINED 0107 240000
BOMBAY INC COM 097924104 5400 120000 SH DEFINED 0106 120000
BOMBAY INC COM 097924104 4050 90000 SH DEFINED 011614 90000
BOMBAY INC COM 097924104 13204 293400 SH DEFINED 0102 293400
BOMBAY INC COM 097924104 203 4500 SH DEFINED 0103 4500
BORDEN INC COM 099599102 5100 300000 SH DEFINED 011516 300000
BORDEN INC COM 099599102 60 3541 SH DEFINED 0103 3541
BOSTON CO SPECIAL COM 100583509 3851 215632 SH DEFINED 01 215632
BOSTON SCIENTIFIC COM 101137107 10000 800000 SH DEFINED 0111 800000
BOSTON SCIENTIFIC COM 101137107 75 6000 SH DEFINED 0102 6000
BRADLEY REAL ESTATE COM 104583109 3700 400000 SH DEFINED 0130 400000
BRADLEY REAL ESTATE COM 104583109 1850 200000 SH DEFINED 0107 200000
BRADLEY REAL ESTATE COM 104583109 2035 220000 SH DEFINED 0131 220000
BRADLEY REAL ESTATE COM 104583109 97 10500 SH DEFINED 0103 10500
C BREWER HOMES COM 107575102 2625 200000 SH DEFINED 0124 200000
BRIGGS & STRATTON COM 109043109 33 394 SH DEFINED 0103 394
BRIGHTON CORP PER PREFERRED STOCK 1093319A8 50000 50000 SH DEFINED 01 50000
BRINKER INT'L INC COM 109641100 23000 500000 SH DEFINED 0126 500000
<PAGE> PAGE 11
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
BRINKER INT'L INC COM 109641100 8740 190000 SH DEFINED 0106 190000
BRINKER INT'L INC COM 109641100 20700 450000 SH DEFINED 0111 450000
BRINKER INT'L INC COM 109641100 6900 150000 SH DEFINED 011622 150000
BRINKER INT'L INC COM 109641100 15525 337500 SH DEFINED 011623 337500
BRINKER INT'L INC COM 109641100 7130 155000 SH DEFINED 011614 155000
BRINKER INT'L INC COM 109641100 29435 639850 SH DEFINED 0102 639850
BRINKER INT'L INC COM 109641100 11040 240000 SH DEFINED 0131 240000
BRINKER INT'L INC COM 109641100 587 12750 SH DEFINED 0103 12750
BRISTOL MYERS SQUIBB COM 110122108 23250 400000 SH DEFINED 0130 400000
BRISTOL MYERS SQUIBB COM 110122108 23250 400000 SH DEFINED 0113 400000
BRISTOL MYERS SQUIBB COM 110122108 17438 300000 SH DEFINED 0124 300000
BRISTOL MYERS SQUIBB COM 110122108 2906 50000 SH DEFINED 0107 50000
BRISTOL MYERS SQUIBB COM 110122108 8719 150000 SH DEFINED 0131 150000
BRISTOL MYERS SQUIBB COM 110122108 1202 20670 SH DEFINED 0103 20670
BRITISH PETRO ADR COM 110889409 8960 140000 SH DEFINED 0132 140000
BRITISH GAS PLC ADR COM 110901402 9013 175000 SH DEFINED 0132 175000
BRITISH TEL P/P COM 111021804 16063 500000 SH DEFINED 0130 500000
BRITISH TEL P/P COM 111021804 8834 275000 SH DEFINED 0132 275000
BRITISH TEL P/P COM 111021804 4176 130000 SH DEFINED 011618 130000
BROADBAND TECH COM 111309100 1429 45000 SH DEFINED 0106 45000
BROADBAND TECH COM 111309100 6350 200000 SH DEFINED 011516 200000
BROADBAND TECH COM 111309100 1111 35000 SH DEFINED 011614 35000
BROADBAND TECH COM 111309100 1905 60000 SH DEFINED 0131 60000
BROADWAY & SEYMOUR I COM 111433108 1400 140000 SH DEFINED 011619 140000
BROOKLYN UNION GAS COM 114259104 7528 275000 SH DEFINED 0132 275000
BROWN FORMAN CL B COM 115637209 60 688 SH DEFINED 0103 688
BROWN GROUP INC COM 115657108 14 393 SH DEFINED 0103 393
BROWNING FERRIS IND COM 115885105 152 5900 SH DEFINED 0102 5900
BROWNING FERRIS IND COM 115885105 111 4328 SH DEFINED 0103 4328
BRUNO'S INC COM 116881103 17 1967 SH DEFINED 0103 1967
BRUNSWICK CORP COM 117043109 44 2460 SH DEFINED 0103 2460
BUFETE ADS COM 11942H100 6150 150000 SH DEFINED 0107 150000
BAESA COM 119424208 4500 100000 SH DEFINED 0131 100000
BUFFETS INC COM 119882108 5150 200000 SH DEFINED 0106 200000
BUFFETS INC COM 119882108 4120 160000 SH DEFINED 011614 160000
BUFFETS INC COM 119882108 17499 679500 SH DEFINED 0102 679500
BUFFETS INC COM 119882108 7725 300000 SH DEFINED 0131 300000
BUFFETS INC COM 119882108 324 12600 SH DEFINED 0103 12600
BURLINGTON INDUSTRY COM 121690101 4263 275000 SH DEFINED 0128 275000
BURLINGTON INDUSTRY COM 121690101 3100 200000 SH DEFINED 011618 200000
BURLINGTON INDUSTRY COM 121690101 8138 525000 SH DEFINED 0131 525000
BURLINGTON INDUSTRY COM 121690101 388 25000 SH DEFINED 0103 25000
BURLINGTON NO INC COM 121897102 131 2263 SH DEFINED 0103 2263
BURLINGTON RESOURCES COM 122014103 140 3312 SH DEFINED 0103 3312
BURNHAM PACIFIC PPTY COM 12232C108 2911 170000 SH DEFINED 0132 170000
BURNHAM PACIFIC PPTY COM 12232C108 2141 125000 SH DEFINED 0107 125000
CBS INC COM 124845108 34620 120000 SH DEFINED 0126 120000
CBS INC COM 124845108 114 394 SH DEFINED 0103 394
CBS CVT PREF SER B PREFERRED STOCK 1248452*8 10700 50000 SH DEFINED 01 50000
CIGNA CORP COM 125509109 26669 425000 SH DEFINED 0130 425000
<PAGE> PAGE 12
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CIGNA CORP COM 125509109 25100 400000 SH DEFINED 0113 400000
CIGNA CORP COM 125509109 3138 50000 SH DEFINED 0107 50000
CIGNA CORP COM 125509109 111 1770 SH DEFINED 0103 1770
CMAC INVESTMENT CORP COM 125662106 1110 40000 SH DEFINED 0106 40000
CMAC INVESTMENT CORP COM 125662106 833 30000 SH DEFINED 011614 30000
CMAC INVESTMENT CORP COM 125662106 1249 45000 SH DEFINED 0131 45000
CML GROUP COM 125820100 44 1850 SH DEFINED 0102 1850
CML GROUP COM 125820100 612 25900 SH DEFINED 0103 25900
CML GROUP COM 125820100 969 41000 SH DEFINED 01 41000
CNA FINANCIAL COM 126117100 612 7900 SH DEFINED 0125 7900
CNA FINANCIAL COM 126117100 85 1100 SH DEFINED 0102 1100
CNA FINANCIAL COM 126117100 370 4774 SH DEFINED 0103 4774
CPC INTL COM 126149103 9525 200000 SH DEFINED 011516 200000
CPC INTL COM 126149103 187 3936 SH DEFINED 0103 3936
CSX CORP COM 126408103 24300 300000 SH DEFINED 0130 300000
CSX CORP COM 126408103 10935 135000 SH DEFINED 0108 135000
CSX CORP COM 126408103 77760 960000 SH DEFINED 0126 960000
CSX CORP COM 126408103 30375 375000 SH DEFINED 0124 375000
CSX CORP COM 126408103 113 1400 SH DEFINED 0125 1400
CSX CORP COM 126408103 5913 73000 SH DEFINED 011622 73000
CSX CORP COM 126408103 12960 160000 SH DEFINED 011623 160000
CSX CORP COM 126408103 16200 200000 SH DEFINED 011618 200000
CSX CORP COM 126408103 1013 12500 SH DEFINED 011620 12500
CSX CORP COM 126408103 128461 1585898 SH DEFINED 0102 622750 963148
CSX CORP COM 126408103 5939 73306 SH DEFINED 0103 70050 3256
CSX CORP COM 126408103 5670 70000 SH DEFINED 01 70000
CUC INT'L INC COM 126545102 3780 105000 SH DEFINED 0106 105000
CUC INT'L INC COM 126545102 14400 400000 SH DEFINED 011516 400000
CUC INT'L INC COM 126545102 10800 300000 SH DEFINED 011618 300000
CUC INT'L INC COM 126545102 3240 90000 SH DEFINED 011614 90000
CUC INT'L INC COM 126545102 21978 610500 SH DEFINED 0102 610500
CUC INT'L INC COM 126545102 4860 135000 SH DEFINED 0131 135000
CUC INT'L INC COM 126545102 418 11600 SH DEFINED 0103 11600
CABLE & WIRELESS PLC COM 126830207 9600 400000 SH DEFINED 0108 400000
CABLE & WIRELESS PLC COM 126830207 32400 1350000 SH DEFINED 0126 1350000
CABLE & WIRELESS PLC COM 126830207 14400 600000 SH DEFINED 0111 600000
CABLE & WIRELESS PLC COM 126830207 7200 300000 SH DEFINED 0132 300000
CABLE & WIRELESS PLC COM 126830207 2400 100000 SH DEFINED 011622 100000
CABLE & WIRELESS PLC COM 126830207 5184 216000 SH DEFINED 011623 216000
CABLE & WIRELESS PLC COM 126830207 14400 600000 SH DEFINED 011516 600000
CABLE & WIRELESS PLC COM 126830207 3360 140000 SH DEFINED 011618 140000
CABLE & WIRELESS PLC COM 126830207 25782 1074255 SH DEFINED 0102 444100 630155
CABLE & WIRELESS PLC COM 126830207 2433 101400 SH DEFINED 0103 101400
CABLETRON SYSTEMS COM 126920107 22500 200000 SH DEFINED 0126 200000
CABLETRON SYSTEMS COM 126920107 15020 133500 SH DEFINED 0102 133500
CABLETRON SYSTEMS COM 126920107 236 2100 SH DEFINED 0103 2100
CADENCE DESIGN SYS COM 127387108 2209 190000 SH DEFINED 0106 190000
CADENCE DESIGN SYS COM 127387108 1744 150000 SH DEFINED 011614 150000
CADENCE DESIGN SYS COM 127387108 2906 250000 SH DEFINED 0131 250000
CAESARS WORLD COM 127695104 21350 400000 SH DEFINED 0126 400000
<PAGE> PAGE 13
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CAESARS WORLD COM 127695104 13344 250000 SH DEFINED 0124 250000
CALGON CARBON COM 129603106 3900 300000 SH DEFINED 0128 300000
CALGON CARBON COM 129603106 1950 150000 SH DEFINED 0106 150000
CALGON CARBON COM 129603106 4328 332900 SH DEFINED 011516 332900
CALGON CARBON COM 129603106 1625 125000 SH DEFINED 011614 125000
CALGON CARBON COM 129603106 2600 200000 SH DEFINED 0131 200000
CALIFORNIA MICRO DEV COM 130439102 1563 100000 SH DEFINED 011614 100000
CALLAWAY GOLF CO COM 131193104 641 12000 SH DEFINED 011619 12000
CALLAWAY GOLF CO COM 131193104 413 7732 SH DEFINED 0102 7732
CAMCO COM 132632100 2866 175000 SH DEFINED 0128 175000
CAMDEN PROP TRUST COM 133131102 3156 125000 SH DEFINED 0132 125000
CAMDEN PROP TRUST COM 133131102 2525 100000 SH DEFINED 0107 100000
CAMDEN PROP TRUST COM 133131102 1263 50000 SH DEFINED 011618 50000
CAMPBELL SOUP COM 134429109 262 6394 SH DEFINED 0103 6394
CAPITAL CITIES/ABC COM 139859102 243 393 SH DEFINED 0103 393
CAPITAL HOLDING CORP COM 140186107 21347 575000 SH DEFINED 0113 575000
CAPITAL HOLDING CORP COM 140186107 7425 200000 SH DEFINED 0131 200000
CAPITAL HOLDING CORP COM 140186107 518 13958 SH DEFINED 0103 13958
CAPSTEAD MORTGAGE CO COM 14067E100 2050 50000 SH DEFINED 0107 50000
CARDINAL DISTRIBUTIO COM 141487108 5900 124200 SH DEFINED 0106 124200
CARDINAL DISTRIBUTIO COM 141487108 46978 989000 SH DEFINED 011516 989000
CARDINAL DISTRIBUTIO COM 141487108 4988 105000 SH DEFINED 011614 105000
CARDINAL DISTRIBUTIO COM 141487108 1900 40000 SH DEFINED 0131 40000
CARNIVAL CRUISE CONV BOND 143658AB8 1505 1000000 PRN DEFINED 0107 1000000
CAROLINA FIRST $25 CONV PFD STOCK 143877306 1458 55000 SH DEFINED 0107 55000
CAROLINA POWER & LT COM 144141108 124 4132 SH DEFINED 0103 4132
CARTER HAW HALE 144A CONV BOND 146227AL7 1018 1000000 PRN DEFINED 0132 1000000
CARTER HAW HALE 144A CONV BOND 146227AL7 4070 4000000 PRN DEFINED 0107 4000000
CARTER HAW HALE 144A CONV BOND 146227AL7 967 950000 PRN DEFINED 0131 950000
CARTER HAW HALE 144A CONV BOND 146227AL7 51 50000 PRN DEFINED 0103 50000
CARTER HAWLEY HALE S COM 146227301 9500 1000000 SH DEFINED 0124 1000000
CARTER HAWLEY HALE S COM 146227301 4541 478000 SH DEFINED 0131 478000
CARTER HAWLEY HALE S COM 146227301 209 22000 SH DEFINED 0103 22000
CASCADE NATURAL GAS COM 147339105 6543 371250 SH DEFINED 0132 371250
CATALINA MKTG COM 148867104 3000 60000 SH DEFINED 0106 60000
CATALINA MKTG COM 148867104 2500 50000 SH DEFINED 011614 50000
CATALINA MKTG COM 148867104 8100 162000 SH DEFINED 0102 162000
CATALINA MKTG COM 148867104 1500 30000 SH DEFINED 0131 30000
CATALINA MKTG COM 148867104 150 3000 SH DEFINED 0103 3000
CATERPILLAR INC COM 149123101 22250 250000 SH DEFINED 0130 250000
CATERPILLAR INC COM 149123101 53400 600000 SH DEFINED 0126 600000
CATERPILLAR INC COM 149123101 2430 27300 SH DEFINED 0125 27300
CATERPILLAR INC COM 149123101 6230 70000 SH DEFINED 011618 70000
CATERPILLAR INC COM 149123101 890 10000 SH DEFINED 011620 10000
CATERPILLAR INC COM 149123101 338 3800 SH DEFINED 0102 3800
CATERPILLAR INC COM 149123101 1224 13757 SH DEFINED 0103 13757
CATERPILLAR INC COM 149123101 6809 76500 SH DEFINED 01 76500
CATO CORP -CL A COM 149205106 1000 50000 SH DEFINED 011619 50000
CELLULAR COMM INC. COM 150917102 4675 100000 SH DEFINED 0131 100000
CELESTIAL SEASONINGS COM 151016102 2104 85000 SH DEFINED 0106 85000
<PAGE> PAGE 14
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CELESTIAL SEASONINGS COM 151016102 1485 60000 SH DEFINED 011614 60000
CELESTIAL SEASONINGS COM 151016102 2723 110000 SH DEFINED 0131 110000
CELLULAR INC COM 151163102 4200 240000 SH DEFINED 0106 240000
CELLULAR INC COM 151163102 3500 200000 SH DEFINED 011614 200000
CELLULAR INC COM 151163102 3325 190000 SH DEFINED 0131 190000
CEMEX 144A ADS CPO COM 151290301 5634 100000 SH DEFINED 0124 100000
CEMEX 144A ADS CPO COM 151290301 5634 100000 SH DEFINED 0107 100000
CENTER POINT COM 151895109 2021 110000 SH DEFINED 0107 110000
CENTEX CORPORATION COM 152312104 33 787 SH DEFINED 0103 787
CENTRIGRAM COM 152317103 2840 80000 SH DEFINED 0106 80000
CENTRIGRAM COM 152317103 497 14000 SH DEFINED 011619 14000
CENTRIGRAM COM 152317103 2308 65000 SH DEFINED 011614 65000
CENTRIGRAM COM 152317103 6035 170000 SH DEFINED 0102 170000
CENTRIGRAM COM 152317103 3728 105000 SH DEFINED 0131 105000
CENTRIGRAM COM 152317103 121 3400 SH DEFINED 0103 3400
CENTOCOR WTS WARRANT 152342143 213 25000 SH DEFINED 0106 25000
CENTOCOR WTS WARRANT 152342143 412 48500 SH DEFINED 0131 48500
CENTRAL & S W COM 152357109 146 4820 SH DEFINED 0103 4820
CENTRAL LA ELECTRIC COM 153897608 4950 200000 SH DEFINED 0132 200000
CENTRAL PUERTO 144A COM 155038102 1242 36000 SH DEFINED 0107 36000
CENTRAL VT PUB SRV COM 155771108 2061 98129 SH DEFINED 0103 98129
CENTURY TELEPHONE EN COM 156686107 12875 500000 SH DEFINED 0111 500000
CENTURY TELEPHONE EN COM 156686107 5923 230000 SH DEFINED 011618 230000
CERIDIAN CORP COM 15677T106 12350 650000 SH DEFINED 011516 650000
CERIDIAN CORP COM 15677T106 21 1082 SH DEFINED 0103 1082
CERNER CORP COM 156782104 1523 35000 SH DEFINED 011619 35000
CERTIFIED CAP CORP COM 15689*106 55 55000 SH DEFINED 0116 55000
CHAMPION INTL COM 158525105 79 2361 SH DEFINED 0103 2361
CHARMING SHOPPES COM 161133103 32 2656 SH DEFINED 0103 2656
CHASE MANHATTAN CORP COM 161610100 454 13400 SH DEFINED 0125 13400
CHASE MANHATTAN CORP COM 161610100 3388 100000 SH DEFINED 0107 100000
CHASE MANHATTAN CORP COM 161610100 668 19700 SH DEFINED 0102 19700
CHASE MANHATTAN CORP COM 161610100 344 10166 SH DEFINED 0103 10166
CHASE MANHATTAN CORP COM 161610100 139 4100 SH DEFINED 01 4100
CHATEAU PROPERTIES COM 161739107 938 42900 SH DEFINED 0132 42900
CHATEAU PROPERTIES COM 161739107 661 30200 SH DEFINED 0107 30200
CHATEAU PROPERTIES COM 161739107 140 6400 SH DEFINED 0131 6400
CHATWIN GROUP COM 162468110 23 5000 SH DEFINED 0109 5000
CHELSEA PROP COM 163262108 233 8600 SH DEFINED 0132 8600
CHELSEA PROP COM 163262108 1356 50000 SH DEFINED 011618 50000
CHELSEA PROP COM 163262108 30 1100 SH DEFINED 0131 1100
CHEMICAL BKG CORP COM 163722101 562 14000 SH DEFINED 0125 14000
CHEMICAL BKG CORP COM 163722101 76 1900 SH DEFINED 0102 1900
CHEMICAL BKG CORP COM 163722101 486 12095 SH DEFINED 0103 12095
CHEM NY SER C ARP PREFERRED STOCK 163722507 2400 200000 SH DEFINED 0116 200000
CHEROKEE SERIES A WARRANT 16444L111 3 7450 SH DEFINED 0109 7450
CHEROKEE SERIES B WARRANT 16444L129 2 9165 SH DEFINED 0109 9165
CHEROKEE SERIES C WARRANT 16444L137 3 27492 SH DEFINED 0109 27492
CHEVRON CORP COM 166751107 958 11000 SH DEFINED 0125 11000
CHEVRON CORP COM 166751107 122 1400 SH DEFINED 0102 1400
<PAGE> PAGE 15
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CHEVRON CORP COM 166751107 1131 12982 SH DEFINED 0103 12982
CHEYENNE SOFTWARE IN COM 166888107 1105 40000 SH DEFINED 011620 40000
CHEYENNE SOFTWARE IN COM 166888107 5173 187300 SH DEFINED 0102 187300
CHEYENNE SOFTWARE IN COM 166888107 86 3100 SH DEFINED 0103 3100
CHILES OFFSHORE $25 CONV PFD STOCK 168887206 910 40000 SH DEFINED 0107 40000
CHIPCOM CORP COM 169617107 4293 85000 SH DEFINED 0106 85000
CHIPCOM CORP COM 169617107 606 12000 SH DEFINED 011619 12000
CHIPCOM CORP COM 169617107 3232 64000 SH DEFINED 011614 64000
CHIPCOM CORP COM 169617107 6217 123100 SH DEFINED 0102 123100
CHIPCOM CORP COM 169617107 5303 105000 SH DEFINED 0131 105000
CHIPCOM CORP COM 169617107 111 2200 SH DEFINED 0103 2200
CHIRON COM 170040109 5040 60000 SH DEFINED 0106 60000
CHIRON COM 170040109 4032 48000 SH DEFINED 011614 48000
CHIRON COM 170040109 5847 69600 SH DEFINED 0102 69600
CHIRON COM 170040109 6384 76000 SH DEFINED 0131 76000
CHIRON COM 170040109 109 1300 SH DEFINED 0103 1300
CHOCK FULL O NUTS CONV BOND 170268AC0 611 600000 PRN DEFINED 0107 600000
CHRYSLER COM 171196108 79875 1500000 SH DEFINED 0126 1500000
CHRYSLER COM 171196108 421 7900 SH DEFINED 0125 7900
CHRYSLER COM 171196108 4793 90000 SH DEFINED 011622 90000
CHRYSLER COM 171196108 10863 204000 SH DEFINED 011623 204000
CHRYSLER COM 171196108 9053 170000 SH DEFINED 011618 170000
CHRYSLER COM 171196108 49661 932645 SH DEFINED 0102 239300 693345
CHRYSLER COM 171196108 3288 61752 SH DEFINED 0103 49700 12052
CHRYSLER COM 171196108 6604 124000 SH DEFINED 01 124000
CHUBB CORP COM 171232101 304 3900 SH DEFINED 0125 3900
CHUBB CORP COM 171232101 1363 17500 SH DEFINED 011620 17500
CHUBB CORP COM 171232101 12947 166276 SH DEFINED 0102 71900 94376
CHUBB CORP COM 171232101 301 3863 SH DEFINED 0103 3863
CIBA GEIGY/ALZA 144A CONV BOND 17163HAA7 4215 4000000 PRN DEFINED 0131 4000000
CIFRA SA DECV ADR-B COM 171785207 3235 1000000 SH DEFINED 0106 1000000
CIFRA SA DECV ADR-B COM 171785207 2750 850000 SH DEFINED 011614 850000
CIFRA SA DECV ADR-B COM 171785207 7764 2400000 SH DEFINED 0131 2400000
CINCINATTI G & E COM 172070104 7563 275000 SH DEFINED 0132 275000
CINCINNATI MILACRON COM 172172108 19 886 SH DEFINED 0103 886
CIRCUIT CITY COM 172737108 53 2459 SH DEFINED 0103 2459
CISCO SYSTEMS COM 17275R102 9694 150000 SH DEFINED 0130 150000
CISCO SYSTEMS COM 17275R102 11309 175000 SH DEFINED 0108 175000
CISCO SYSTEMS COM 17275R102 103400 1600000 SH DEFINED 0126 1600000
CISCO SYSTEMS COM 17275R102 14541 225000 SH DEFINED 0106 225000
CISCO SYSTEMS COM 17275R102 32313 500000 SH DEFINED 0111 500000
CISCO SYSTEMS COM 17275R102 38775 600000 SH DEFINED 0124 600000
CISCO SYSTEMS COM 17275R102 9306 144000 SH DEFINED 011622 144000
CISCO SYSTEMS COM 17275R102 20887 323200 SH DEFINED 011623 323200
CISCO SYSTEMS COM 17275R102 30697 475000 SH DEFINED 011516 475000
CISCO SYSTEMS COM 17275R102 3878 60000 SH DEFINED 011619 60000
CISCO SYSTEMS COM 17275R102 1293 20000 SH DEFINED 011620 20000
CISCO SYSTEMS COM 17275R102 11309 175000 SH DEFINED 011614 175000
CISCO SYSTEMS COM 17275R102 153367 2373185 SH DEFINED 0102 668800 1704385
CISCO SYSTEMS COM 17275R102 18741 290000 SH DEFINED 0131 290000
<PAGE> PAGE 16
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CISCO SYSTEMS COM 17275R102 5571 86195 SH DEFINED 0103 83050 3145
CISCO SYSTEMS COM 17275R102 5041 78000 SH DEFINED 01 78000
CIRCUS CIRCUS ENT COM 172909103 11100 300000 SH DEFINED 0130 300000
CIRCUS CIRCUS ENT COM 172909103 8880 240000 SH DEFINED 011618 240000
CIRCUS CIRCUS ENT COM 172909103 1258 34000 SH DEFINED 011619 34000
CIRCUS CIRCUS ENT COM 172909103 1110 30000 SH DEFINED 011620 30000
CIRCUS CIRCUS ENT COM 172909103 59 1600 SH DEFINED 0102 1600
CIRCUS CIRCUS ENT COM 172909103 836 22600 SH DEFINED 0103 22600
CIRCUS CIRCUS ENT COM 172909103 13468 364000 SH DEFINED 01 364000
CITICORP COM 173034109 88200 2400000 SH DEFINED 0126 2400000
CITICORP COM 173034109 441 12000 SH DEFINED 0102 12000
CITICORP COM 173034109 347 9445 SH DEFINED 0103 9445
CITICORP PERC CVT CONV PFD STOCK 173034430 7950 400000 SH DEFINED 011618 400000
CLARCOR INC COM 179895107 4060 192200 SH DEFINED 0128 192200
CLARK EQUIPMENT COM 181396102 26 493 SH DEFINED 0103 493
CLAYTON HOMES INC COM 184190106 12125 500000 SH DEFINED 0108 500000
CLAYTON HOMES INC COM 184190106 1334 55000 SH DEFINED 011619 55000
CLEVELAND-CLIFFS IRN COM 185896107 5419 145000 SH DEFINED 0128 145000
CLOROX CO. COM 189054109 75 1377 SH DEFINED 0103 1377
COASTAL CORP COM 190441105 75 2656 SH DEFINED 0103 2656
COCA-COLA COM 191216100 53550 1200000 SH DEFINED 0126 1200000
COCA-COLA COM 191216100 22313 500000 SH DEFINED 0111 500000
COCA-COLA COM 191216100 6189 138700 SH DEFINED 0125 138700
COCA-COLA COM 191216100 4596 103000 SH DEFINED 011622 103000
COCA-COLA COM 191216100 10460 234400 SH DEFINED 011623 234400
COCA-COLA COM 191216100 14503 325000 SH DEFINED 011516 325000
COCA-COLA COM 191216100 13388 300000 SH DEFINED 011618 300000
COCA-COLA COM 191216100 19260 431582 SH DEFINED 0102 191800 239782
COCA-COLA COM 191216100 5599 125484 SH DEFINED 0103 35900 89584
COCA-COLA COM 191216100 228 5100 SH DEFINED 01 5100
FEMSA COKE COM 191241108 13100 400000 SH DEFINED 011516 400000
COLEMAN COMPANY INC COM 193559101 25 900 SH DEFINED 0102 900
COLEMAN COMPANY INC COM 193559101 1042 37200 SH DEFINED 0103 37200
COLGATE-PALMOLIVE COM 194162103 24950 400000 SH DEFINED 0124 400000
COLGATE-PALMOLIVE COM 194162103 231 3700 SH DEFINED 0125 3700
COLGATE-PALMOLIVE COM 194162103 3743 60000 SH DEFINED 011618 60000
COLGATE-PALMOLIVE COM 194162103 39944 640404 SH DEFINED 0102 265800 374604
COLGATE-PALMOLIVE COM 194162103 10916 175000 SH DEFINED 0131 175000
COLGATE-PALMOLIVE COM 194162103 2424 38839 SH DEFINED 0103 25800 13039
COLGATE-PALMOLIVE COM 194162103 6612 106000 SH DEFINED 01 106000
COLUMBIA GAS SYSTEM COM 197648108 29 1279 SH DEFINED 0103 1279
COLUMBIA HEALTHCARE COM 197679103 126 3795 SH DEFINED 0103 3795
COLUMBUS REALTY COM 199567108 2606 150000 SH DEFINED 0107 150000
COMCAST CORP CONV BOND 200300AK7 19300 10000000 PRN DEFINED 0130 10000000
COMCAST CORP CONV BOND 200300AR2 10816 19800000 PRN DEFINED 011516 19800000
COMCAST CORPORATION COM 200300101 4729 130000 SH DEFINED 0106 130000
COMCAST CORPORATION COM 200300101 21825 600000 SH DEFINED 0111 600000
COMCAST CORPORATION COM 200300101 1557 42800 SH DEFINED 0125 42800
COMCAST CORPORATION COM 200300101 3638 100000 SH DEFINED 011622 100000
COMCAST CORPORATION COM 200300101 8257 227000 SH DEFINED 011623 227000
<PAGE> PAGE 17
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
COMCAST CORPORATION COM 200300101 18188 500000 SH DEFINED 011516 500000
COMCAST CORPORATION COM 200300101 18188 500000 SH DEFINED 011618 500000
COMCAST CORPORATION COM 200300101 3638 100000 SH DEFINED 011614 100000
COMCAST CORPORATION COM 200300101 380 10400 SH DEFINED 0102 10400
COMCAST CORPORATION COM 200300101 6184 170000 SH DEFINED 0131 170000
COMCAST CORPORATION COM 200300101 607 16700 SH DEFINED 0103 16700
COMCAST CORP CLA SPL COM 200300200 50400 1400000 SH DEFINED 0126 1400000
COMCAST CORP CLA SPL COM 200300200 360 10000 SH DEFINED 011614 10000
COMCAST CORP CLA SPL COM 200300200 132 3660 SH DEFINED 0103 3660
COMCAST CORP CLA SPL COM 200300200 4284 119000 SH DEFINED 01 119000
COMMERCIAL INTERTECH COM 201709102 975 50000 SH DEFINED 011620 50000
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 9744 94605 SH DEFINED 0105 94605
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 5907 57348 SH DEFINED 01 57348
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 1426 13844 SH DEFINED 0116 13844
COMMONWEALTH EDISON COM 202795100 4944 175000 SH DEFINED 0132 175000
COMMONWEALTH EDISON COM 202795100 156 5510 SH DEFINED 0103 5510
COMMONWEALTH EDISON PREFERRED STOCK 2027959A0 10043 97500 SH DEFINED 0105 97500
COMMONWEALTH EDISON PREFERRED STOCK 202990925 4136 40153 SH DEFINED 01 40153
COMMUNICATIONS CENTR COM 203388103 729 55000 SH DEFINED 011619 55000
COMMUNITY HEALTH SYS COM 203666102 3656 195000 SH DEFINED 0128 195000
COMMUNITY PSYCH CNTR COM 204015101 15 1082 SH DEFINED 0103 1082
CHILE TELEPHONE CO COM 204449201 1080 10600 SH DEFINED 0112 10600
CHILE TELEPHONE CO COM 204449201 1192 11700 SH DEFINED 011617 11700
CHILE TELEPHONE CO COM 204449201 357 3500 SH DEFINED 0131 3500
COMPAQ COMPUTER CORP COM 204493100 51800 700000 SH DEFINED 0126 700000
COMPAQ COMPUTER CORP COM 204493100 3700 50000 SH DEFINED 011622 50000
COMPAQ COMPUTER CORP COM 204493100 8510 115000 SH DEFINED 011623 115000
COMPAQ COMPUTER CORP COM 204493100 9990 135000 SH DEFINED 0131 135000
COMPAQ COMPUTER CORP COM 204493100 153 2065 SH DEFINED 0103 2065
COMPUTER ASSOC COM 204912109 20000 500000 SH DEFINED 0126 500000
COMPUTER ASSOC COM 204912109 1200 30000 SH DEFINED 011622 30000
COMPUTER ASSOC COM 204912109 2720 68000 SH DEFINED 011623 68000
COMPUTER ASSOC COM 204912109 1 22 SH DEFINED 0102 22
COMPUTER ASSOC COM 204912109 173 4329 SH DEFINED 0103 4329
COMP USA COM 204932107 1000 50000 SH DEFINED 011618 50000
COMPUTER SCIENCES COM 205363104 39 393 SH DEFINED 0103 393
COMPUWARE COM 205638109 1300 50000 SH DEFINED 011619 50000
COMSAT CORP COM 20564D107 12495 420000 SH DEFINED 011618 420000
CONAGRA COM 205887102 169 6394 SH DEFINED 0103 6394
CONCORD EFS INC. COM 206189102 553 25000 SH DEFINED 011619 25000
CONNECTICUT ENERGY C COM 207567108 3229 129800 SH DEFINED 0132 129800
CONNER PERIPHERALS CONV BOND 208108AB6 21813 25000000 PRN DEFINED 0130 25000000
CONNER PERIPHERALS CONV BOND 208108AB6 4363 5000000 PRN DEFINED 0104 5000000
CONNER PERIPHERALS CONV BOND 208108AB6 4363 5000000 PRN DEFINED 0107 5000000
CONNER PERIPHERALS CONV BOND 208108AB6 2618 3000000 PRN DEFINED 011621 3000000
CONNER PERIPHERALS CONV BOND 208108AB6 8725 10000000 PRN DEFINED 011618 10000000
CONNER PERIPHERALS CONV BOND 208108AB6 873 1000000 PRN DEFINED 011620 1000000
CONNER PERIPHERALS CONV BOND 208108AB6 1745 2000000 PRN DEFINED 0131 2000000
CONRAIL INC. COM 208368100 87555 1309220 SH DEFINED 0102 529300 779920
CONRAIL INC. COM 208368100 4130 61766 SH DEFINED 0103 59700 2066
<PAGE> PAGE 18
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CONRAIL INC. COM 208368100 7223 108000 SH DEFINED 01 108000
CONSECO S D $50 CVT CONV PFD STOCK 208464305 715 13000 SH DEFINED 0107 13000
CONSO COM 20854R105 952 81000 SH DEFINED 0107 81000
CONSO COM 20854R105 646 55000 SH DEFINED 011619 55000
CEPA 144A ADS COM 208552109 867 50000 SH DEFINED 0107 50000
CEPA 144A ADS COM 208552109 3468 200000 SH DEFINED 011618 200000
CEPA 144A ADS COM 208552109 173 10000 SH DEFINED 0131 10000
CONSOLIDATED EDISON COM 209111103 193 6001 SH DEFINED 0103 6001
CON FREIGHTWAYS COM 209237106 21 885 SH DEFINED 0103 885
CONSOL NAT GAS PUTOO CONV BOND 209615BL6 5800 5000000 PRN DEFINED 0132 5000000
CONSOLIDATED NAT GAS COM 209615103 111 2361 SH DEFINED 0103 2361
CONSOLIDATED STORES COM 210149100 2385 120000 SH DEFINED 0106 120000
CONSOLIDATED STORES COM 210149100 1292 65000 SH DEFINED 011619 65000
CONSOLIDATED STORES COM 210149100 1988 100000 SH DEFINED 011614 100000
CONSOLIDATED STORES COM 210149100 3081 155000 SH DEFINED 0131 155000
CONSOLIDATED STORES COM 210149100 6936 349000 SH DEFINED 01 349000
DINA CORP COM 210306106 5575 200000 SH DEFINED 0107 200000
DINA CORP COM 210306106 976 35000 SH DEFINED 011620 35000
CONTINENTAL BANK COM 211113105 11209 425000 SH DEFINED 0124 425000
CONTINENTAL BANK COM 211113105 13188 500000 SH DEFINED 011516 500000
CONTINENTAL CORP COM 211327101 2763 100000 SH DEFINED 0107 100000
CONTINENTAL CORP COM 211327101 38 1377 SH DEFINED 0103 1377
CONVEX COMPUTER CORP CONV BOND 212578AA6 2680 4000000 PRN DEFINED 011621 4000000
CONVEX COMPUTER CORP CONV BOND 212578AA6 1340 2000000 PRN DEFINED 0131 2000000
COOPER INDUSTRIES COM 216669101 140 2852 SH DEFINED 0103 2852
COOPER IND PFD CONV PFD STOCK 216669507 2166 75000 SH DEFINED 0107 75000
COOPER TIRE & RUBBER COM 216831107 972 38850 SH DEFINED 0102 38850
COOPER TIRE & RUBBER COM 216831107 54 2164 SH DEFINED 0103 2164
COORS ADOLPH COM 217016104 14 884 SH DEFINED 0103 884
CORESTATES FINANCIAL COM 218695104 14369 550000 SH DEFINED 0113 550000
CORESTATES FINANCIAL COM 218695104 77 2950 SH DEFINED 0103 2950
CORNING INC COM 219350105 23827 850850 SH DEFINED 0102 288100 562750
CORNING INC COM 219350105 799 28518 SH DEFINED 0103 23500 5018
CORNING INC COM 219350105 3276 117000 SH DEFINED 01 117000
ARGENTARIA COM 219913100 2113 100000 SH DEFINED 0107 100000
CORRPRO CO COM 220317101 1163 60000 SH DEFINED 011619 60000
COSTCO WHOLESALE CO CONV BOND 221607AB0 18900 20000000 PRN DEFINED 0130 20000000
COSTCO WHOLESALE CO CONV BOND 221607AB0 14175 15000000 PRN DEFINED 0124 15000000
COSTCO WHOLESALE CO CONV BOND 221607AB0 18900 20000000 PRN DEFINED 011516 20000000
COTT CORP QUE COM 22163N106 439 18000 SH DEFINED 011619 18000
COTT CORP QUE COM 22163N106 5756 236100 SH DEFINED 0102 236100
COTT CORP QUE COM 22163N106 139 5700 SH DEFINED 0103 5700
COUNSELLORS TANDEM PREFERRED STOCK 222269201 1673 33800 SH DEFINED 01 33800
CRACKER BRL OLD CTRY COM 224100107 4813 175000 SH DEFINED 0106 175000
CRACKER BRL OLD CTRY COM 224100107 3988 145000 SH DEFINED 011614 145000
CRACKER BRL OLD CTRY COM 224100107 6776 246350 SH DEFINED 0102 246350
CRACKER BRL OLD CTRY COM 224100107 6050 220000 SH DEFINED 0131 220000
CRACKER BRL OLD CTRY COM 224100107 129 4675 SH DEFINED 0103 4675
CRANE CO. COM 224399105 19 787 SH DEFINED 0103 787
CRAY RESEARCH INC COM 225224104 18 689 SH DEFINED 0103 689
<PAGE> PAGE 19
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
CRIMI MAE INC. COM 226603108 1669 150000 SH DEFINED 0107 150000
CROMPTON & KNOWLES COM 227111101 9981 453700 SH DEFINED 0124 453700
CROSS COM CORP COM 22757K104 1000 50000 SH DEFINED 011620 50000
CROSS TIMBERS OIL CO CONV BOND 227573AA0 908 1000000 PRN DEFINED 0104 1000000
CROSS TIMBERS OIL CO CONV BOND 227573AA0 454 500000 PRN DEFINED 0107 500000
CROSS TIMBERS OIL CO CONV BOND 227573AA0 681 750000 PRN DEFINED 011621 750000
CROSS TIMBERS OIL CO CONV BOND 227573AA0 817 900000 PRN DEFINED 011620 900000
CROSS TIMBERS OIL CO CONV BOND 227573AA0 908 1000000 PRN DEFINED 0131 1000000
CROSS TIMBER COM 227573102 2351 165000 SH DEFINED 0128 165000
CROSS TIMBER COM 227573102 2494 175000 SH DEFINED 0124 175000
CROSS TIMBER COM 227573102 570 40000 SH DEFINED 011619 40000
CROSS TIMBER COM 227573102 1425 100000 SH DEFINED 0131 100000
CROSSLAND FEDL SVGS COM 22764B105 1581 55000 SH DEFINED 0128 55000
CROSSLAND FEDL SVGS COM 22764B105 719 25000 SH DEFINED 011620 25000
CROWN AMERICA COM 228186102 2805 187000 SH DEFINED 0132 187000
CROWN AMERICA COM 228186102 1800 120000 SH DEFINED 0107 120000
CROWN AMERICA COM 228186102 2250 150000 SH DEFINED 011618 150000
CROWN AMERICA COM 228186102 7278 485200 SH DEFINED 0131 485200
CROWN AMERICA COM 228186102 353 23500 SH DEFINED 0103 23500
CROWN CORK & SEAL COM 228255105 25125 600000 SH DEFINED 0130 600000
CROWN CORK & SEAL COM 228255105 13609 325000 SH DEFINED 0108 325000
CROWN CORK & SEAL COM 228255105 20938 500000 SH DEFINED 011516 500000
CROWN CORK & SEAL COM 228255105 19343 461915 SH DEFINED 0102 281800 180115
CROWN CORK & SEAL COM 228255105 95 2263 SH DEFINED 0103 2263
CUMMINS ENGINE COM 231021106 42 786 SH DEFINED 0103 786
CYPRESS SEMICONDCTR COM 232806109 681 50000 SH DEFINED 011619 50000
CYPRUS AMAX MINERALS COM 232809103 28463 1100000 SH DEFINED 0130 1100000
CYPRUS AMAX MINERALS COM 232809103 417 16100 SH DEFINED 0125 16100
CYPRUS AMAX MINERALS COM 232809103 3881 150000 SH DEFINED 011618 150000
CYPRUS AMAX MINERALS COM 232809103 1294 50000 SH DEFINED 011620 50000
CYPRUS AMAX MINERALS COM 232809103 31864 1231400 SH DEFINED 0102 400000 831400
CYPRUS AMAX MINERALS COM 232809103 1066 41211 SH DEFINED 0103 32300 8911
CYPRUS AMAX MINERALS COM 232809103 2536 98000 SH DEFINED 01 98000
DQE COM 23329J104 4830 140000 SH DEFINED 0132 140000
DPL INC COM 233293109 4259 206501 SH DEFINED 0103 206501
DSC COMMUNICATIONS COM 233311109 85 1384 SH DEFINED 0103 1384
DANA CORP COM 235811106 29938 500000 SH DEFINED 0130 500000
DANA CORP COM 235811106 13472 225000 SH DEFINED 0108 225000
DANA CORP COM 235811106 3593 60000 SH DEFINED 0107 60000
DANA CORP COM 235811106 71 1180 SH DEFINED 0103 1180
DANKA BUSINESS SYS P COM 236277109 2000 50000 SH DEFINED 0106 50000
DANKA BUSINESS SYS P COM 236277109 12000 300000 SH DEFINED 0111 300000
DANKA BUSINESS SYS P COM 236277109 2876 71900 SH DEFINED 011516 71900
DANKA BUSINESS SYS P COM 236277109 1600 40000 SH DEFINED 011619 40000
DANKA BUSINESS SYS P COM 236277109 1800 45000 SH DEFINED 011614 45000
DANKA BUSINESS SYS P COM 236277109 6801 170016 SH DEFINED 0102 170016
DANKA BUSINESS SYS P COM 236277109 2600 65000 SH DEFINED 0131 65000
DANKA BUSINESS SYS P COM 236277109 160 4000 SH DEFINED 0103 4000
DANKA BUSINESS SYS P COM 236277109 280 7000 SH DEFINED 01 7000
DATA GENERAL COM 237688106 8 886 SH DEFINED 0103 886
<PAGE> PAGE 20
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DAYTON HUDSON CORP COM 239753106 25031 375000 SH DEFINED 0113 375000
DAYTON HUDSON CORP COM 239753106 118 1770 SH DEFINED 0103 1770
DEAN FOODS COM 242361103 5220 160000 SH DEFINED 0128 160000
DEAN WITTER COM 24240V101 34625 1000000 SH DEFINED 0126 1000000
DEAN WITTER COM 24240V101 3116 90000 SH DEFINED 011622 90000
DEAN WITTER COM 24240V101 7064 204000 SH DEFINED 011623 204000
DEAN WITTER COM 24240V101 17313 500000 SH DEFINED 011516 500000
DEAN WITTER COM 24240V101 9003 260000 SH DEFINED 011618 260000
DEAN WITTER COM 24240V101 520 15038 SH DEFINED 0102 15038
DEAN WITTER COM 24240V101 5540 160000 SH DEFINED 0131 160000
DEAN WITTER COM 24240V101 180 5189 SH DEFINED 0103 5189
DEAN WITTER COM 24240V101 11752 339400 SH DEFINED 01 339400
DEERE & COMPANY COM 244199105 157 2126 SH DEFINED 0103 2126
DELTA AIR LINES COM 247361108 70 1279 SH DEFINED 0103 1279
DELUXE CORPORATION COM 248019101 257 7100 SH DEFINED 0125 7100
DELUXE CORPORATION COM 248019101 36 1000 SH DEFINED 0102 1000
DELUXE CORPORATION COM 248019101 183 5065 SH DEFINED 0103 5065
DENTSPLY INTERNATL I COM 249030107 6600 150000 SH DEFINED 0124 150000
DEPARTMENT 56 COM 249509100 918 34000 SH DEFINED 011619 34000
DETROIT EDISON COM 250847100 112 3738 SH DEFINED 0103 3738
DEVELOPERS DIV COM 251591103 3656 125000 SH DEFINED 0130 125000
DEVELOPERS DIV COM 251591103 2925 100000 SH DEFINED 0107 100000
DEV BANK SINGAPORE COM 251594305 508 11250 SH DEFINED 0131 11250
DEVON ENERGY COM 251799102 2372 115000 SH DEFINED 0106 115000
DEVON ENERGY COM 251799102 5156 250000 SH DEFINED 0111 250000
DEVON ENERGY COM 251799102 4950 240000 SH DEFINED 0124 240000
DEVON ENERGY COM 251799102 1691 82000 SH DEFINED 011614 82000
DEVON ENERGY COM 251799102 5493 266300 SH DEFINED 0102 266300
DEVON ENERGY COM 251799102 3094 150000 SH DEFINED 0131 150000
DEVON ENERGY COM 251799102 435 21100 SH DEFINED 0103 21100
DEVON ENERGY COM 251799102 516 25000 SH DEFINED 01 25000
DIAL CORP ARIZONA COM 252470109 48 1181 SH DEFINED 0103 1181
DIGITAL EQUIPMENT COM 253849103 115 3344 SH DEFINED 0103 3344
DILLARD DEPT CLASS A COM 254063100 10450 275000 SH DEFINED 0108 275000
DILLARD DEPT CLASS A COM 254063100 10450 275000 SH DEFINED 0124 275000
DILLARD DEPT CLASS A COM 254063100 62872 1654405 SH DEFINED 0102 734300 920105
DILLARD DEPT CLASS A COM 254063100 2141 56353 SH DEFINED 0103 53500 2853
DILLARD DEPT CLASS A COM 254063100 3800 100000 SH DEFINED 01 100000
DISNEY WALT CO COM 254687106 19181 450000 SH DEFINED 0126 450000
DISNEY WALT CO COM 254687106 21313 500000 SH DEFINED 0111 500000
DISNEY WALT CO COM 254687106 2558 60000 SH DEFINED 011622 60000
DISNEY WALT CO COM 254687106 5968 140000 SH DEFINED 011623 140000
DISNEY WALT CO COM 254687106 22378 525000 SH DEFINED 011516 525000
DISNEY WALT CO COM 254687106 10656 250000 SH DEFINED 011618 250000
DISNEY WALT CO COM 254687106 153 3600 SH DEFINED 0102 3600
DISNEY WALT CO COM 254687106 574 13478 SH DEFINED 0103 13478
DR PEPPER / SEVEN UP COM 256131301 4200 175000 SH DEFINED 0109 175000
DR PEPPER / SEVEN UP COM 256131301 972 40500 SH DEFINED 0131 40500
DOMINION RES INC VA COM 257470104 10209 225000 SH DEFINED 0132 225000
DOMINION RES INC VA COM 257470104 192 4230 SH DEFINED 0103 4230
<PAGE> PAGE 21
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
DONNELLEY (RR)&SONS COM 257867101 40 1300 SH DEFINED 0125 1300
DONNELLEY (RR)&SONS COM 257867101 6 200 SH DEFINED 0102 200
DONNELLEY (RR)&SONS COM 257867101 148 4733 SH DEFINED 0103 4733
DONN-KENNY COM 258006105 469 25000 SH DEFINED 011619 25000
DOVER CORP COM 260003108 59154 973724 SH DEFINED 0103 973724
DOW CHEMICAL COM 260543103 19863 350000 SH DEFINED 0130 350000
DOW CHEMICAL COM 260543103 29794 525000 SH DEFINED 0113 525000
DOW CHEMICAL COM 260543103 36888 650000 SH DEFINED 0124 650000
DOW CHEMICAL COM 260543103 755 13300 SH DEFINED 0125 13300
DOW CHEMICAL COM 260543103 5675 100000 SH DEFINED 0107 100000
DOW CHEMICAL COM 260543103 5675 100000 SH DEFINED 011618 100000
DOW CHEMICAL COM 260543103 26621 469013 SH DEFINED 0102 213000 256013
DOW CHEMICAL COM 260543103 9931 175000 SH DEFINED 0131 175000
DOW CHEMICAL COM 260543103 1923 33885 SH DEFINED 0103 11400 22485
DOW CHEMICAL COM 260543103 16067 283100 SH DEFINED 01 283100
DOW JONES & CO COM 260561105 91 2557 SH DEFINED 0103 2557
DRESSER INDUSTRIES COM 261597108 1141 55000 SH DEFINED 011620 55000
DRESSER INDUSTRIES COM 261597108 74 3543 SH DEFINED 0103 3543
DRIEFONTEIN CON ADR COM 262026404 2639 205000 SH DEFINED 0127 205000
DREYFUS MONEY MARKET COM 262904204 3 3398 SH DEFINED 01 3398
E I DUPONT COM 263534109 22919 475000 SH DEFINED 0113 475000
E I DUPONT COM 263534109 835 17315 SH DEFINED 0103 17315
DUKE POWER COMPANY COM 264399106 225 5313 SH DEFINED 0103 5313
DUKE REALTY COM 264411505 3338 150000 SH DEFINED 011618 150000
DUN & BRADSTREET CP COM 264830100 23109 375000 SH DEFINED 0113 375000
DUN & BRADSTREET CP COM 264830100 9244 150000 SH DEFINED 0131 150000
DUN & BRADSTREET CP COM 264830100 747 12125 SH DEFINED 0103 12125
DURACELL COM 26633L103 10763 300000 SH DEFINED 0111 300000
DURACELL COM 26633L103 16144 450000 SH DEFINED 0124 450000
DURACELL COM 26633L103 12556 350000 SH DEFINED 011516 350000
DURACELL COM 26633L103 7330 204255 SH DEFINED 0102 72200 132055
DURACELL COM 26633L103 1453 40500 SH DEFINED 0103 40500
DURACELL COM 26633L103 17626 491300 SH DEFINED 01 491300
ECI TELECOMMUNICATIO COM 268258100 2691 105000 SH DEFINED 0106 105000
ECI TELECOMMUNICATIO COM 268258100 2306 90000 SH DEFINED 011614 90000
ECI TELECOMMUNICATIO COM 268258100 3459 135000 SH DEFINED 0131 135000
E G & G INC COM 268457108 27 1476 SH DEFINED 0103 1476
EGSF VENTURE CAPITAL COM 268460995 24 67 SH DEFINED 0102 67
EMC CORP CONV BOND 268648AB8 2110 2000000 PRN DEFINED 0104 2000000
EMC CORP CONV BOND 268648AB8 1583 1500000 PRN DEFINED 011621 1500000
EMC CORP CONV BOND 268648AB8 528 500000 PRN DEFINED 0131 500000
E-SYSTEMS INC COM 269157301 38 886 SH DEFINED 0103 886
EUA POWER CORP 17.5 COM 269260204 0 5000 SH DEFINED 0104 5000
EUA POWER CORP 17.5 COM 269260204 0 5000 SH DEFINED 0109 5000
EASTERN ENTERPRISES COM 27637F100 15 591 SH DEFINED 0103 591
EASTMAN KODAK PUT/01 CONV BOND 277461BA6 3197 9800000 PRN DEFINED 0129 9800000
EASTMAN KODAK PUT/01 CONV BOND 277461BA6 4568 14000000 PRN DEFINED 0104 14000000
EASTMAN KODAK PUT/01 CONV BOND 277461BA6 2512 7700000 PRN DEFINED 011621 7700000
EASTMAN KODAK PUT/01 CONV BOND 277461BA6 1142 3500000 PRN DEFINED 0131 3500000
EASTMAN KODAK COM 277461109 11200 200000 SH DEFINED 0130 200000
<PAGE> PAGE 22
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
EASTMAN KODAK COM 277461109 5600 100000 SH DEFINED 0126 100000
EASTMAN KODAK COM 277461109 7280 130000 SH DEFINED 011618 130000
EASTMAN KODAK COM 277461109 19772 353070 SH DEFINED 0102 89100 263970
EASTMAN KODAK COM 277461109 922 16461 SH DEFINED 0103 8100 8361
EASTMAN KODAK COM 277461109 2408 43000 SH DEFINED 01 43000
EATON CORP COM 278058102 37875 750000 SH DEFINED 0126 750000
EATON CORP COM 278058102 4040 80000 SH DEFINED 011622 80000
EATON CORP COM 278058102 8888 176000 SH DEFINED 011623 176000
EATON CORP COM 278058102 63635 1259996 SH DEFINED 0102 495300 764696
EATON CORP COM 278058102 10100 200000 SH DEFINED 0131 200000
EATON CORP COM 278058102 1878 37170 SH DEFINED 0103 28400 8770
EATON CORP COM 278058102 2879 57000 SH DEFINED 01 57000
ECHLIN INC COM 278749106 49 1475 SH DEFINED 0103 1475
ECHO BAY MINES LTD COM 278751102 322 25000 SH DEFINED 0127 25000
ECHO BAY MINES LTD COM 278751102 34 2653 SH DEFINED 0103 2653
ECOLAB, INC. COM 278865100 40 887 SH DEFINED 0103 887
ELAN CORP PLC ADR COM 284131208 8924 210600 SH DEFINED 0102 210600
ELAN CORP PLC ADR COM 284131208 199 4700 SH DEFINED 0103 4700
ELECTRONIC ARTS INC COM 285512109 10500 350000 SH DEFINED 0126 350000
ELECTRONIC ARTS INC COM 285512109 3150 105000 SH DEFINED 0106 105000
ELECTRONIC ARTS INC COM 285512109 3000 100000 SH DEFINED 0111 100000
ELECTRONIC ARTS INC COM 285512109 630 21000 SH DEFINED 011619 21000
ELECTRONIC ARTS INC COM 285512109 2550 85000 SH DEFINED 011614 85000
ELECTRONIC ARTS INC COM 285512109 13556 451850 SH DEFINED 0102 451850
ELECTRONIC ARTS INC COM 285512109 4200 140000 SH DEFINED 0131 140000
ELECTRONIC ARTS INC COM 285512109 258 8600 SH DEFINED 0103 8600
EMERSON ELECTRIC COM 291011104 21088 350000 SH DEFINED 0113 350000
EMERSON ELECTRIC COM 291011104 21088 350000 SH DEFINED 0124 350000
EMERSON ELECTRIC COM 291011104 9158 152000 SH DEFINED 011516 152000
EMERSON ELECTRIC COM 291011104 9038 150000 SH DEFINED 011618 150000
EMERSON ELECTRIC COM 291011104 21260 352865 SH DEFINED 0102 85750 267115
EMERSON ELECTRIC COM 291011104 9038 150000 SH DEFINED 0131 150000
EMERSON ELECTRIC COM 291011104 766 12705 SH DEFINED 0103 12705
EMERSON ELECTRIC COM 291011104 60 1000 SH DEFINED 01 1000
EMPRESAS ICA S COM 292448107 5650 200000 SH DEFINED 011617 200000
EMPRESAS ICA S COM 292448107 4859 172000 SH DEFINED 01 172000
ENERGY BIO COM 29265L102 966 84000 SH DEFINED 0106 84000
ENERGY BIO COM 29265L102 690 60000 SH DEFINED 011614 60000
ENGELHARD CORP COM 292845104 61 2508 SH DEFINED 0103 2508
ENGELHARD CORP COM 292845104 488 20000 SH DEFINED 01 20000
ENHANCE FINANCIAL SV COM 293310108 2963 150000 SH DEFINED 0128 150000
ENHANCE FINANCIAL SV COM 293310108 3950 200000 SH DEFINED 0131 200000
ENRON CORP COM 293561106 18125 625000 SH DEFINED 0130 625000
ENRON CORP COM 293561106 43500 1500000 SH DEFINED 0126 1500000
ENRON CORP COM 293561106 2465 85000 SH DEFINED 0106 85000
ENRON CORP COM 293561106 11600 400000 SH DEFINED 0111 400000
ENRON CORP COM 293561106 8752 301800 SH DEFINED 0132 301800
ENRON CORP COM 293561106 11600 400000 SH DEFINED 0124 400000
ENRON CORP COM 293561106 102 3500 SH DEFINED 0125 3500
ENRON CORP COM 293561106 3770 130000 SH DEFINED 011622 130000
<PAGE> PAGE 23
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ENRON CORP COM 293561106 8236 284000 SH DEFINED 011623 284000
ENRON CORP COM 293561106 2175 75000 SH DEFINED 011614 75000
ENRON CORP COM 293561106 19302 665410 SH DEFINED 0102 269300 396110
ENRON CORP COM 293561106 4060 140000 SH DEFINED 0131 140000
ENRON CORP COM 293561106 1127 38799 SH DEFINED 0103 31300 7499
ENRON CORP COM 293561106 7859 271000 SH DEFINED 01 271000
ENRON OIL & GAS CO COM 293562104 8775 225000 SH DEFINED 0108 225000
ENRON OIL & GAS CO COM 293562104 2535 65000 SH DEFINED 0106 65000
ENRON OIL & GAS CO COM 293562104 1248 32000 SH DEFINED 011622 32000
ENRON OIL & GAS CO COM 293562104 2847 73000 SH DEFINED 011623 73000
ENRON OIL & GAS CO COM 293562104 2184 56000 SH DEFINED 011614 56000
ENRON OIL & GAS CO COM 293562104 13153 337200 SH DEFINED 0102 337200
ENRON OIL & GAS CO COM 293562104 3315 85000 SH DEFINED 0131 85000
ENRON OIL & GAS CO COM 293562104 254 6500 SH DEFINED 0103 6500
ENSERCH CORP COM 293567103 29 1772 SH DEFINED 0103 1772
ENSYS COM 293598108 520 65000 SH DEFINED 0106 65000
ENSYS COM 293598108 360 45000 SH DEFINED 011614 45000
ENTERGY CORP COM 29364F105 11340 315000 SH DEFINED 0132 315000
ENTERGY CORP COM 29364F105 220 6100 SH DEFINED 0125 6100
ENTERGY CORP COM 29364F105 32 900 SH DEFINED 0102 900
ENTERGY CORP COM 29364F105 253 7026 SH DEFINED 0103 7026
ENTERPRISE OIL COM 293779302 20598 1029899 SH DEFINED 0124 1029899
ENTERPRISE OIL COM 293779302 2030 101495 SH DEFINED 0107 101495
ENTERPRISE OIL COM 293779302 7209 360464 SH DEFINED 0131 360464
ENTERPRISE OIL COM 293779302 412 20597 SH DEFINED 0103 20597
ENTERRA CORP COM 293805107 5125 250000 SH DEFINED 0108 250000
ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 12768 112000 SH DEFINED 0109 112000
ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 3420 30000 SH DEFINED 0131 30000
EPIC HEALTHCARE COM 29425D107 2000 500000 SH DEFINED 0109 500000
EQUITABLE COS INC COM 29444G107 48600 1800000 SH DEFINED 0126 1800000
EQUITABLE COS INC COM 29444G107 5157 191000 SH DEFINED 011622 191000
EQUITABLE COS INC COM 29444G107 11394 422000 SH DEFINED 011623 422000
EQUITABLE COS INC COM 29444G107 2 77 SH DEFINED 0102 77
EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 17222 275000 SH DEFINED 0130 275000
EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 16909 270000 SH DEFINED 0124 270000
EQUITABLE CO 144A 50 CONV PFD STOCK 29444G305 5636 90000 SH DEFINED 0107 90000
EQUITABLE OF IOWA CO COM 294510300 1355 40000 SH DEFINED 0106 40000
EQUITABLE OF IOWA CO COM 294510300 1016 30000 SH DEFINED 011614 30000
EQUITABLE OF IOWA CO COM 294510300 1694 50000 SH DEFINED 0131 50000
EQUITABLE RESOURCES COM 294549100 7325 200000 SH DEFINED 0108 200000
EQUITABLE RESOURCES COM 294549100 12819 350000 SH DEFINED 0132 350000
EQUITABLE RESOURCES COM 294549100 9156 250000 SH DEFINED 0124 250000
EQUITABLE RESOURCES COM 294549100 2930 80000 SH DEFINED 011618 80000
EQUITABLE RESOURCES COM 294549100 6328 172805 SH DEFINED 0102 55700 117105
EQUITABLE RESOURCES COM 294549100 6446 176000 SH DEFINED 01 176000
EQUITY RESIDENTIAL COM 29476L107 3188 100000 SH DEFINED 0107 100000
ERICSSON LM 'B' ADR COM 294821400 20188 500000 SH DEFINED 0126 500000
ERICSSON LM 'B' ADR COM 294821400 20188 500000 SH DEFINED 0111 500000
ERICSSON LM 'B' ADR COM 294821400 1437 35600 SH DEFINED 0110 35600
ERICSSON LM 'B' ADR COM 294821400 2544 63000 SH DEFINED 011622 63000
<PAGE> PAGE 24
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ERICSSON LM 'B' ADR COM 294821400 5572 138000 SH DEFINED 011623 138000
ERICSSON LM 'B' ADR COM 294821400 7268 180000 SH DEFINED 011618 180000
ERICSSON LM 'B' ADR COM 294821400 120 3000 SH DEFINED 0102 3000
ERICSSON LM ADR'S COM 294821509 4043 2640000 SH DEFINED 0130 2640000
ERICSSON LM ADR'S COM 294821509 5792 3782609 SH DEFINED 0132 3782609
ERICSSON LM ADR'S COM 294821509 14181 9260870 SH DEFINED 0124 9260870
ETHYL CORP COM 297659104 53 3050 SH DEFINED 0103 3050
EXCEL REAL TRUST COM 30067R107 1219 66800 SH DEFINED 0107 66800
EXPRESS SCRIPT COM 302182100 7050 150000 SH DEFINED 011516 150000
EXPRESS SCRIPT COM 302182100 1175 25000 SH DEFINED 011619 25000
EXXON COM 302290101 1990 31594 SH DEFINED 0103 31594
FMC CORP COM 302491303 42 885 SH DEFINED 0103 885
FPL GROUP INC. COM 302571104 7238 185000 SH DEFINED 0132 185000
FPL GROUP INC. COM 302571104 181 4623 SH DEFINED 0103 4623
FARLEY INC NEW COM 307617928 0 1 SH DEFINED 0109 1
FASTENAL CO COM 311900104 8525 275000 SH DEFINED 011516 275000
FASTENAL CO COM 311900104 2170 70000 SH DEFINED 011619 70000
FASTENAL CO COM 311900104 1550 50004 SH DEFINED 0102 50004
FASTENAL CO COM 311900104 1011 32600 SH DEFINED 0103 32600
FASTENAL CO COM 311900104 2449 79000 SH DEFINED 01 79000
FEDDERS USA INC. COM 313135105 3 492 SH DEFINED 0103 492
FEDERAL EXPRESS COM 313309106 28350 400000 SH DEFINED 0126 400000
FEDERAL EXPRESS COM 313309106 98 1377 SH DEFINED 0103 1377
FED HOME LOAN MTG CP COM 313400301 42893 860000 SH DEFINED 011516 860000
FED HOME LOAN MTG CP COM 313400301 273 5480 SH DEFINED 0103 5480
FEDERAL NATL MTGE COM 313586109 133450 1700000 SH DEFINED 0126 1700000
FEDERAL NATL MTGE COM 313586109 23550 300000 SH DEFINED 0124 300000
FEDERAL NATL MTGE COM 313586109 3996 50900 SH DEFINED 0125 50900
FEDERAL NATL MTGE COM 313586109 6280 80000 SH DEFINED 011622 80000
FEDERAL NATL MTGE COM 313586109 13738 175000 SH DEFINED 011623 175000
FEDERAL NATL MTGE COM 313586109 45138 575000 SH DEFINED 011516 575000
FEDERAL NATL MTGE COM 313586109 15700 200000 SH DEFINED 011618 200000
FEDERAL NATL MTGE COM 313586109 133709 1703210 SH DEFINED 0102 638100 1065110
FEDERAL NATL MTGE COM 313586109 6426 81855 SH DEFINED 0103 52900 28955
FEDERAL NATL MTGE COM 313586109 14130 180000 SH DEFINED 01 180000
FEDERAL PAPER BOARD COM 313693103 23 1082 SH DEFINED 0103 1082
FEDERAL REALTY INVS COM 313747206 68 2700 SH DEFINED 0102 2700
FEDERATED DPT STORES COM 31410J107 7263 350000 SH DEFINED 0124 350000
FEDERATED DPT STORES COM 31410J107 189 9098 SH DEFINED 0116 9098
FEDERATED DPT STORES WARRANT 31410J115 301 72890 SH DEFINED 0109 72890
FEDERATED DPT STORES WARRANT 31410J115 25 6000 SH DEFINED 011621 6000
FEDERATED DPT STORES COM 31410J206 59 2873 SH DEFINED 0116 2873
FERRO CORP COM 315405100 125 3900 SH DEFINED 0102 3900
FERRO CORP COM 315405100 1664 52000 SH DEFINED 0103 52000
FIDELITY MAGELLAN FD COM 316184100 3 49 SH DEFINED 01 49
FIFTH THIRD BANCORP COM 316773100 31 600 SH DEFINED 0102 600
AMER CENTURION LIFE COM 3181819C0 9738 100000 SH DEFINED 0116 100000
FIRST OF AMERICA BAN COM 318906104 18389 468500 SH DEFINED 0113 468500
FIRST OF AMERICA BAN COM 318906104 3925 100000 SH DEFINED 0124 100000
FIRST OF AMERICA BAN COM 318906104 7850 200000 SH DEFINED 0131 200000
<PAGE> PAGE 25
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
FIRST BANK SYSTEM COM 319279105 13838 450000 SH DEFINED 0113 450000
FIRST BANK SYSTEM COM 319279105 93 3000 SH DEFINED 0102 3000
FIRST BANK SYSTEM$50 CONV PFD STOCK 319279501 3163 50000 SH DEFINED 0107 50000
FIRST CHICAGO CORP. COM 319455101 17300 400000 SH DEFINED 0130 400000
FIRST CHICAGO CORP. COM 319455101 21625 500000 SH DEFINED 0111 500000
FIRST CHICAGO CORP. COM 319455101 2971 68700 SH DEFINED 0125 68700
FIRST CHICAGO CORP. COM 319455101 4974 115000 SH DEFINED 011622 115000
FIRST CHICAGO CORP. COM 319455101 11063 255800 SH DEFINED 011623 255800
FIRST CHICAGO CORP. COM 319455101 10813 250000 SH DEFINED 011618 250000
FIRST CHICAGO CORP. COM 319455101 1081 25000 SH DEFINED 011620 25000
FIRST CHICAGO CORP. COM 319455101 78899 1824287 SH DEFINED 0102 686100 1138187
FIRST CHICAGO CORP. COM 319455101 6920 160000 SH DEFINED 0131 160000
FIRST CHICAGO CORP. COM 319455101 5005 115715 SH DEFINED 0103 77650 38065
FIRST CHICAGO CORP. COM 319455101 2945 68100 SH DEFINED 01 68100
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 16738 325000 SH DEFINED 0130 325000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3090 60000 SH DEFINED 0129 60000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3863 75000 SH DEFINED 0104 75000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2575 50000 SH DEFINED 0109 50000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3863 75000 SH DEFINED 0107 75000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2189 42500 SH DEFINED 011621 42500
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 1288 25000 SH DEFINED 0131 25000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 4635 90000 SH DEFINED 01 90000
FIRST FIDELITY BANCP COM 320195100 228 5000 SH DEFINED 0125 5000
FIRST FIDELITY BANCP COM 320195100 32 700 SH DEFINED 0102 700
FIRST FIDELITY BANCP COM 320195100 181 3969 SH DEFINED 0103 3969
FIRST FINANCIAL MGMT COM 320245103 68100 1200000 SH DEFINED 0126 1200000
FIRST FINANCIAL MGMT COM 320245103 9648 170000 SH DEFINED 0106 170000
FIRST FINANCIAL MGMT COM 320245103 28375 500000 SH DEFINED 0111 500000
FIRST FINANCIAL MGMT COM 320245103 6810 120000 SH DEFINED 011622 120000
FIRST FINANCIAL MGMT COM 320245103 14982 264000 SH DEFINED 011623 264000
FIRST FINANCIAL MGMT COM 320245103 14188 250000 SH DEFINED 011618 250000
FIRST FINANCIAL MGMT COM 320245103 7094 125000 SH DEFINED 011614 125000
FIRST FINANCIAL MGMT COM 320245103 209 3700 SH DEFINED 0102 3700
FIRST FINANCIAL MGMT COM 320245103 12769 225000 SH DEFINED 0131 225000
FIRST INTERSTATE BAN COM 320548100 126 1968 SH DEFINED 0103 1968
FIRST MISS CORP COM 320891104 6 492 SH DEFINED 0103 492
FIRST TN NAT'L CORP COM 337162101 2503 65000 SH DEFINED 0128 65000
FIRST UNION CORP COM 337358105 359 8700 SH DEFINED 0125 8700
FIRST UNION CORP COM 337358105 61 1477 SH DEFINED 0102 1477
FIRST UNION CORP COM 337358105 314 7633 SH DEFINED 0103 7633
FIRST UNION RE EQ & COM 337400105 2016 209500 SH DEFINED 0128 209500
FIRST UNION RE EQ & COM 337400105 2619 272100 SH DEFINED 0107 272100
FIRST UNION RE EQ & COM 337400105 1621 168400 SH DEFINED 0131 168400
FIRST UNION RE EQ & COM 337400105 73 7600 SH DEFINED 0103 7600
FIRST USA INC COM 33743H105 265 7400 SH DEFINED 0102 7400
FISERV INC COM 337738108 19250 1000000 SH DEFINED 011516 1000000
FISHER PRICE COM 337886105 11550 300000 SH DEFINED 011516 300000
FLAIR CORP COM 33848P101 513 25000 SH DEFINED 011516 25000
FLAIR CORP COM 33848P101 656 32000 SH DEFINED 011619 32000
FLAIR CORP COM 33848P101 644 31400 SH DEFINED 011620 31400
<PAGE> PAGE 26
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
FLAT TOP NATL BK COM 338693104 1 84 SH DEFINED 0102 84
FLEET FINANCIAL GRP COM 338915101 421 12600 SH DEFINED 0125 12600
FLEET FINANCIAL GRP COM 338915101 57 1700 SH DEFINED 0102 1700
FLEET FINANCIAL GRP COM 338915101 288 8643 SH DEFINED 0103 8643
FLEETWOOD ENTERPRISE COM 339099103 28 1180 SH DEFINED 0103 1180
FLEMING CO COM 339130106 22 885 SH DEFINED 0103 885
FLUOR CORP COM 343861100 88 2166 SH DEFINED 0103 2166
FOODMAKER INC WARRANT 344839113 133 5000 SH DEFINED 0104 5000
FOODMAKER INC WARRANT 344839113 186 7000 SH DEFINED 0109 7000
FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2180 20000 SH DEFINED 01 20000
FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2834 26000 SH DEFINED 01 26000
FORD MOTOR COM 345370100 432 6700 SH DEFINED 0125 6700
FORD MOTOR COM 345370100 87957 1363619 SH DEFINED 0102 514600 849019
FORD MOTOR COM 345370100 4291 66542 SH DEFINED 0103 51150 15392
FORD MOTOR COM 345370100 2903 45000 SH DEFINED 01 45000
FORD MOTOR CO $50 CONV PFD STOCK 345370209 21700 200000 SH DEFINED 0130 200000
FOREST LABS COM 345838106 6429 135000 SH DEFINED 0106 135000
FOREST LABS COM 345838106 22860 480000 SH DEFINED 011516 480000
FOREST LABS COM 345838106 5477 115000 SH DEFINED 011614 115000
FOREST LABS COM 345838106 13395 281250 SH DEFINED 0102 281250
FOREST LABS COM 345838106 8096 170000 SH DEFINED 0131 170000
FOREST LABS COM 345838106 1105 23200 SH DEFINED 0103 23200
FOSTER WHEELER COM 350244109 11205 334400 SH DEFINED 0102 126700 207700
FOSTER WHEELER COM 350244109 1548 46185 SH DEFINED 0103 45300 885
FOSTER WHEELER COM 350244109 3216 96000 SH DEFINED 01 96000
FOUNDATION HEALTH CO COM 350401105 7750 250000 SH DEFINED 0130 250000
FOUNDATION HEALTH CO COM 350401105 5704 184000 SH DEFINED 011516 184000
FOUNDATION HEALTH CO COM 350401105 4185 135000 SH DEFINED 011618 135000
FOUNDATION HEALTH CO COM 350401105 1085 35000 SH DEFINED 011620 35000
FOUNDATION HEALTH CO COM 350401105 56 1800 SH DEFINED 0102 1800
FOUNDATION HEALTH CO COM 350401105 803 25900 SH DEFINED 0103 25900
FOUNDATION HEALTH CO COM 350401105 2542 82000 SH DEFINED 01 82000
FRANKLIN CUSTODY FD COM 353496607 0 26 SH DEFINED 01 26
FREDS INC COM 356108100 1240 80000 SH DEFINED 0128 80000
FREEPORT MCMORAN COP COM 35671D105 5625 225000 SH DEFINED 0127 225000
FREEPORT MCMORAN COP COM 35671D105 12500 500000 SH DEFINED 0131 500000
FREEPORT MCMORAN COP COM 35671D105 625 25000 SH DEFINED 0103 25000
FREEPORT MCMORAN $25 CONV PFD STOCK 35671D303 3100 100000 SH DEFINED 0107 100000
FREEPORT MCMORAN INC COM 356714105 14897 754300 SH DEFINED 0113 754300
FREEPORT MCMORAN INC COM 356714105 2469 125000 SH DEFINED 0107 125000
FREEPORT MCMORAN INC COM 356714105 7335 371400 SH DEFINED 0131 371400
FREEPORT MCMORAN INC COM 356714105 326 16500 SH DEFINED 0103 16500
FRUIT OF THE LOOM A COM 359416104 1448 60000 SH DEFINED 0106 60000
FRUIT OF THE LOOM A COM 359416104 4825 200000 SH DEFINED 011618 200000
FRUIT OF THE LOOM A COM 359416104 1255 52000 SH DEFINED 011614 52000
FRUIT OF THE LOOM A COM 359416104 1930 80000 SH DEFINED 0131 80000
GATX CORP COM 361448103 22413 550000 SH DEFINED 0113 550000
GND HLDGS $100 SER A PREFERRED STOCK 361910XV9 8990 77500 SH DEFINED 0109 77500
GRC INTERNATIONAL COM 361922107 2834 384300 SH DEFINED 0128 384300
GNI GROUP COM 362022105 465 60000 SH DEFINED 011619 60000
<PAGE> PAGE 27
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GTE CORP COM 362320103 4375 125000 SH DEFINED 0132 125000
GTE CORP COM 362320103 1750 50000 SH DEFINED 0107 50000
GTE CORP COM 362320103 25 700 SH DEFINED 0102 700
GTE CORP COM 362320103 844 24102 SH DEFINED 0103 24102
GANNETT CO INC COM 364730101 12595 220000 SH DEFINED 011618 220000
GANNETT CO INC COM 364730101 214 3738 SH DEFINED 0103 3738
GAP INC., THE COM 364760108 3544 90000 SH DEFINED 0106 90000
GAP INC., THE COM 364760108 7875 200000 SH DEFINED 0124 200000
GAP INC., THE COM 364760108 51 1300 SH DEFINED 0125 1300
GAP INC., THE COM 364760108 2559 65000 SH DEFINED 011614 65000
GAP INC., THE COM 364760108 8 200 SH DEFINED 0102 200
GAP INC., THE COM 364760108 4528 115000 SH DEFINED 0131 115000
GAP INC., THE COM 364760108 167 4239 SH DEFINED 0103 4239
GAP INC., THE COM 364760108 788 20000 SH DEFINED 01 20000
GAYLORD ENTERTAINMEN COM 367901105 6383 226900 SH DEFINED 0102 226900
GAYLORD ENTERTAINMEN COM 367901105 124 4400 SH DEFINED 0103 4400
GAYLORD CONTAINER CP COM 368145108 571 125162 SH DEFINED 0109 125162
GAYLORD CONTAIN WTS WARRANT 368145116 3258 883477 SH DEFINED 0109 883477
GENCARE HEALTH SYSTE COM 368674107 1041 35000 SH DEFINED 011620 35000
GENENTECH RED COM COM 368710208 9772 193500 SH DEFINED 0108 193500
GENENTECH RED COM COM 368710208 2929 58000 SH DEFINED 0106 58000
GENENTECH RED COM COM 368710208 2020 40000 SH DEFINED 011622 40000
GENENTECH RED COM COM 368710208 4545 90000 SH DEFINED 011623 90000
GENENTECH RED COM COM 368710208 21463 425000 SH DEFINED 011516 425000
GENENTECH RED COM COM 368710208 2323 46000 SH DEFINED 011614 46000
GENENTECH RED COM COM 368710208 4896 96990 SH DEFINED 0102 96990
GENENTECH RED COM COM 368710208 3788 75000 SH DEFINED 0131 75000
GENENTECH RED COM COM 368710208 76 1500 SH DEFINED 0103 1500
GEN'L ATLANTIC RES COM 369002100 359 25000 SH DEFINED 011619 25000
GEN'L ATLANTIC RES COM 369002100 1553 108000 SH DEFINED 0131 108000
GENERAL DYNAMICS COM 369550108 1208 13100 SH DEFINED 0125 13100
GENERAL DYNAMICS COM 369550108 166 1800 SH DEFINED 0102 1800
GENERAL DYNAMICS COM 369550108 562 6095 SH DEFINED 0103 6095
GENERAL DYNAMICS COM 369550108 28 300 SH DEFINED 01 300
GENERAL ELECTRIC COM 369604103 26219 250000 SH DEFINED 0130 250000
GENERAL ELECTRIC COM 369604103 12795 122000 SH DEFINED 0126 122000
GENERAL ELECTRIC COM 369604103 18353 175000 SH DEFINED 0113 175000
GENERAL ELECTRIC COM 369604103 26219 250000 SH DEFINED 0124 250000
GENERAL ELECTRIC COM 369604103 3010 28700 SH DEFINED 0125 28700
GENERAL ELECTRIC COM 369604103 20975 200000 SH DEFINED 011618 200000
GENERAL ELECTRIC COM 369604103 159663 1522455 SH DEFINED 0102 596300 926155
GENERAL ELECTRIC COM 369604103 10488 100000 SH DEFINED 0131 100000
GENERAL ELECTRIC COM 369604103 11438 109066 SH DEFINED 0103 61950 47116
GENERAL ELECTRIC COM 369604103 12690 121000 SH DEFINED 01 121000
GENERAL GROWTH COM 370021107 8600 400000 SH DEFINED 0113 400000
GENERAL INSTRUMENTS CONV BOND 370121AA3 1330 1000000 PRN DEFINED 0107 1000000
GENERAL INSTRUMENTS CONV BOND 370121AA3 7980 6000000 PRN DEFINED 011618 6000000
GENERAL INSTRUMENT C COM 370121105 1291 23000 SH DEFINED 011622 23000
GENERAL INSTRUMENT C COM 370121105 2919 52000 SH DEFINED 011623 52000
GENERAL INSTRUMENT C COM 370121105 73 1300 SH DEFINED 0102 1300
<PAGE> PAGE 28
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GENERAL MILLS COM 370334104 248 4083 SH DEFINED 0103 4083
GENERAL MOTORS COM 370442105 43900 800000 SH DEFINED 0126 800000
GENERAL MOTORS COM 370442105 1372 25000 SH DEFINED 0125 25000
GENERAL MOTORS COM 370442105 4116 75000 SH DEFINED 0107 75000
GENERAL MOTORS COM 370442105 5488 100000 SH DEFINED 011618 100000
GENERAL MOTORS COM 370442105 114366 2084000 SH DEFINED 0102 777200 1306800
GENERAL MOTORS COM 370442105 10975 200000 SH DEFINED 0131 200000
GENERAL MOTORS COM 370442105 7007 127701 SH DEFINED 0103 89400 38301
GENERAL MOTORS COM 370442105 4115 75000 SH DEFINED 01 75000
GENERAL MOTORS CL H COM 370442501 23325 600000 SH DEFINED 0130 600000
GENERAL MOTORS CL H COM 370442501 10691 275000 SH DEFINED 0108 275000
GENERAL MOTORS CL H COM 370442501 3888 100000 SH DEFINED 0107 100000
GENERAL MOTORS CL H COM 370442501 15550 400000 SH DEFINED 011618 400000
GENERAL MOTORS CL H COM 370442501 56368 1449935 SH DEFINED 0102 668400 781535
GENERAL MOTORS CL H COM 370442501 3032 78000 SH DEFINED 0103 78000
GENERAL MTRS SER A CONV PFD STOCK 370442709 3162 62000 SH DEFINED 0107 62000
GENERAL MTRS SER A CONV PFD STOCK 370442709 5100 100000 SH DEFINED 011618 100000
GENERAL MTRS SER A CONV PFD STOCK 370442709 510 10000 SH DEFINED 01 10000
GENERAL MTRS DEP SHR CONV PFD STOCK 370442873 19163 350000 SH DEFINED 0130 350000
GENERAL NUTRITION IN COM 37047F103 2850 100000 SH DEFINED 0111 100000
GENERAL NUTRITION IN COM 37047F103 5700 200000 SH DEFINED 0124 200000
GEN PUB UTILITIES COM 370550105 21613 700000 SH DEFINED 0113 700000
GEN PUB UTILITIES COM 370550105 8799 285000 SH DEFINED 0132 285000
GENERAL RE CORP COM 370563108 73910 690773 SH DEFINED 0102 271150 419623
GENERAL RE CORP COM 370563108 3318 31014 SH DEFINED 0103 28850 2164
GENERAL SIGNAL COM 370838104 10313 300000 SH DEFINED 0130 300000
GENERAL SIGNAL COM 370838104 15469 450000 SH DEFINED 0113 450000
GENERAL SIGNAL COM 370838104 6188 180000 SH DEFINED 0124 180000
GENERAL SIGNAL COM 370838104 1031 30000 SH DEFINED 011620 30000
GENERAL SIGNAL COM 370838104 9281 270000 SH DEFINED 0131 270000
GENERAL SIGNAL COM 370838104 498 14482 SH DEFINED 0103 14482
GENERAL SIGNAL COM 370838104 5604 163000 SH DEFINED 01 163000
GTE $50 PFD PREFERRED STOCK 371028911 7281 141401 SH DEFINED 0105 141401
GTE CORP $50 PFD PREFERRED STOCK 371028945 7852 152889 SH DEFINED 0105 152889
GENESCO INC. COM 371532102 3 590 SH DEFINED 0103 590
GENTEX CORP COM 371901109 3173 90000 SH DEFINED 0106 90000
GENTEX CORP COM 371901109 2115 60000 SH DEFINED 011614 60000
GENTEX CORP COM 371901109 22542 639500 SH DEFINED 0102 639500
GENTEX CORP COM 371901109 370 10500 SH DEFINED 0103 10500
GENESIS HLTH VENTURE CONV BOND 371912AB2 2400 2000000 PRN DEFINED 0104 2000000
GENESIS HLTH VENTURE CONV BOND 371912AB2 1200 1000000 PRN DEFINED 011621 1000000
GENESIS HLTH VENTURE CONV BOND 371912AB2 600 500000 PRN DEFINED 0131 500000
GENSIA PHARMACEUTICS COM 372450106 2772 112000 SH DEFINED 0106 112000
GENSIA PHARMACEUTICS COM 372450106 1733 70000 SH DEFINED 011614 70000
GENSIA PHARMACEUTICS COM 372450106 4084 165000 SH DEFINED 0131 165000
GENSIA PHARM 144A 50 CONV PFD STOCK 372450205 1075 20000 SH DEFINED 0107 20000
GENSIA PHARM 144A 50 CONV PFD STOCK 372450205 3225 60000 SH DEFINED 0131 60000
GENUINE PARTS COM 372460105 18813 500000 SH DEFINED 0113 500000
GENUINE PARTS COM 372460105 118 3148 SH DEFINED 0103 3148
GENZYME CORP COM 372917104 1375 50000 SH DEFINED 0128 50000
<PAGE> PAGE 29
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GENZYME CORP COM 372917104 5500 200000 SH DEFINED 0124 200000
GENZYME CORP COM 372917104 1100 40000 SH DEFINED 011620 40000
GENZYME CORP COM 372917104 4813 175000 SH DEFINED 0131 175000
GENZYME CORP COM 372917104 220 8000 SH DEFINED 0103 8000
GENZYME CORP COM 372917104 2640 96000 SH DEFINED 01 96000
GEORGIA PACIFIC COM 373298108 515 7500 SH DEFINED 0102 7500
GEORGIA PACIFIC COM 373298108 156 2263 SH DEFINED 0103 2263
GERBER PRODUCTS COM 373712108 56 1975 SH DEFINED 0103 1975
GIANT FOOD CL A COM 374478105 41 1575 SH DEFINED 0103 1575
GILBRALTER STEEL COM 37476F103 870 60000 SH DEFINED 011619 60000
GIBSON GREETINGS INC COM 374827103 6338 300000 SH DEFINED 0128 300000
GIBSON GREETINGS INC COM 374827103 4225 200000 SH DEFINED 0131 200000
GIBSON GREETINGS INC COM 374827103 201 9500 SH DEFINED 0103 9500
GIDDINGS & LEWIS WIS COM 375048105 19956 775000 SH DEFINED 0130 775000
GIDDINGS & LEWIS WIS COM 375048105 9013 350000 SH DEFINED 0108 350000
GIDDINGS & LEWIS WIS COM 375048105 2189 85000 SH DEFINED 0128 85000
GIDDINGS & LEWIS WIS COM 375048105 4184 162500 SH DEFINED 011516 162500
GIDDINGS & LEWIS WIS COM 375048105 1030 40000 SH DEFINED 011620 40000
GIDDINGS & LEWIS WIS COM 375048105 777 30186 SH DEFINED 0103 29300 886
GIDDINGS & LEWIS WIS COM 375048105 4403 171000 SH DEFINED 01 171000
GILBERT RBSON PT WTS WARRANT 375432119 29 5886 SH DEFINED 0109 5886
GILLETTE CO COM 375766102 38756 650000 SH DEFINED 0126 650000
GILLETTE CO COM 375766102 20869 350000 SH DEFINED 0111 350000
GILLETTE CO COM 375766102 2504 42000 SH DEFINED 011622 42000
GILLETTE CO COM 375766102 5664 95000 SH DEFINED 011623 95000
GILLETTE CO COM 375766102 23850 400000 SH DEFINED 011516 400000
GILLETTE CO COM 375766102 15503 260000 SH DEFINED 011618 260000
GILLETTE CO COM 375766102 45130 756818 SH DEFINED 0102 291050 465768
GILLETTE CO COM 375766102 3736 62657 SH DEFINED 0103 56950 5707
GILLETTE CO COM 375766102 3578 60000 SH DEFINED 01 60000
GLATFELTER (P.H.) CO COM 377316104 3725 200000 SH DEFINED 0128 200000
GLATFELTER (P.H.) CO COM 377316104 2328 125000 SH DEFINED 0107 125000
GOLDEN WEST FIN COM 381317106 61 1573 SH DEFINED 0103 1573
GOODRICH B.F. COM 382388106 28 689 SH DEFINED 0103 689
GOODYEAR COM 382550101 22875 500000 SH DEFINED 0130 500000
GOODYEAR COM 382550101 12353 270000 SH DEFINED 0108 270000
GOODYEAR COM 382550101 27450 600000 SH DEFINED 0126 600000
GOODYEAR COM 382550101 101395 2216400 SH DEFINED 0102 859800 1356600
GOODYEAR COM 382550101 4245 92789 SH DEFINED 0103 89050 3739
GOODYEAR COM 382550101 389 8500 SH DEFINED 01 8500
W R GRACE COM 383883105 92 2262 SH DEFINED 0103 2262
GRAINGER (W.W.) COM 384802104 79 1378 SH DEFINED 0103 1378
GRAND MET PLC -ADR COM 386090302 21538 779666 SH DEFINED 0103 762871 16795
GREAT A. & P. TEA COM 390064103 27 984 SH DEFINED 0103 984
GREAT LAKES CHEM CO COM 390568103 18656 250000 SH DEFINED 0111 250000
GREAT LAKES CHEM CO COM 390568103 26119 350000 SH DEFINED 0124 350000
GREAT LAKES CHEM CO COM 390568103 2948 39500 SH DEFINED 0125 39500
GREAT LAKES CHEM CO COM 390568103 2239 30000 SH DEFINED 011622 30000
GREAT LAKES CHEM CO COM 390568103 4851 65000 SH DEFINED 011623 65000
GREAT LAKES CHEM CO COM 390568103 1747 23396 SH DEFINED 0102 23396
<PAGE> PAGE 30
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
GREAT LAKES CHEM CO COM 390568103 5597 75000 SH DEFINED 0131 75000
GREAT LAKES CHEM CO COM 390568103 1602 21470 SH DEFINED 0103 21470
GREAT LAKES CHEM CO COM 390568103 12343 165400 SH DEFINED 01 165400
GREAT WESTERN FIN CP COM 391442100 428 21400 SH DEFINED 0125 21400
GREAT WESTERN FIN CP COM 391442100 1524 76200 SH DEFINED 0107 76200
GREAT WESTERN FIN CP COM 391442100 60 3000 SH DEFINED 0102 3000
GREAT WESTERN FIN CP COM 391442100 2534 126700 SH DEFINED 0131 126700
GREAT WESTERN FIN CP COM 391442100 357 17845 SH DEFINED 0103 17845
GREENFIELDS COM 395058100 934 45000 SH DEFINED 011619 45000
GRUMMAN CORP COM 400181103 762 19300 SH DEFINED 0125 19300
GRUMMAN CORP COM 400181103 103 2600 SH DEFINED 0102 2600
GRUMMAN CORP COM 400181103 343 8686 SH DEFINED 0103 8686
GRUMMAN CORP COM 400181103 32 800 SH DEFINED 01 800
G-MEXICANA DE B COM 40048G104 2206 91900 SH DEFINED 0112 91900
G-MEXICANA DE B COM 40048G104 1800 75000 SH DEFINED 011618 75000
G-MEXICANA DE B COM 40048G104 2388 99500 SH DEFINED 011617 99500
G-MEXICANA DE B COM 40048G104 643 26800 SH DEFINED 0131 26800
G-MEXICANA DE B COM 40048G104 48 2000 SH DEFINED 0103 2000
G-MEXICANA DE L COM 40048G203 1847 75000 SH DEFINED 011618 75000
G-MEXICANA DE L COM 40048G203 49 2000 SH DEFINED 0103 2000
G-CASA AUTREY COM 40048P104 1219 50000 SH DEFINED 0107 50000
G-CASA AUTREY COM 40048P104 5136 210700 SH DEFINED 011516 210700
G-CARSO COM 400485108 4104 188000 SH DEFINED 0107 188000
G-BANCOMER 144A COM 400486106 1053 25000 SH DEFINED 011620 25000
G-TELEVISA 144A COM 40049J206 24500 350000 SH DEFINED 0130 350000
G-TELEVISA 144A COM 40049J206 63000 900000 SH DEFINED 0126 900000
G-TELEVISA 144A COM 40049J206 28000 400000 SH DEFINED 0111 400000
G-TELEVISA 144A COM 40049J206 28000 400000 SH DEFINED 0124 400000
G-TELEVISA 144A COM 40049J206 4200 60000 SH DEFINED 011622 60000
G-TELEVISA 144A COM 40049J206 9800 140000 SH DEFINED 011623 140000
G-TELEVISA 144A COM 40049J206 22400 320000 SH DEFINED 011618 320000
G-SIMEC COM 400491106 4241 128500 SH DEFINED 0111 128500
G-SITUR 144A COM 400492104 5800 200000 SH DEFINED 0106 200000
GUILFORD MILLS COM 401794102 3525 150000 SH DEFINED 0107 150000
GUPTA COM 403234107 883 45000 SH DEFINED 011619 45000
GYMBOREE COM 403777105 9568 215000 SH DEFINED 011516 215000
HBO COMPANY COM 404100109 16100 350000 SH DEFINED 0106 350000
HBO COMPANY COM 404100109 23000 500000 SH DEFINED 011516 500000
HBO COMPANY COM 404100109 11500 250000 SH DEFINED 011614 250000
HBO COMPANY COM 404100109 36734 798539 SH DEFINED 0102 798539
HBO COMPANY COM 404100109 708 15400 SH DEFINED 0103 15400
HCC INSURANCE COM 404132102 9150 300000 SH DEFINED 011516 300000
HS RESOURCES COM 404297103 2205 105000 SH DEFINED 0106 105000
HS RESOURCES COM 404297103 6300 300000 SH DEFINED 0124 300000
HS RESOURCES COM 404297103 1050 50000 SH DEFINED 011619 50000
HS RESOURCES COM 404297103 1617 77000 SH DEFINED 011614 77000
HS RESOURCES COM 404297103 3003 143000 SH DEFINED 0131 143000
HS RESOURCES COM 404297103 2237 106500 SH DEFINED 01 106500
ALEX HAAGAN COM 40443E100 2929 165000 SH DEFINED 0132 165000
ALEX HAAGAN COM 40443E100 2485 140000 SH DEFINED 0107 140000
<PAGE> PAGE 31
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ALEX HAAGAN COM 40443E100 3905 220000 SH DEFINED 0131 220000
ALEX HAAGAN COM 40443E100 195 11000 SH DEFINED 0103 11000
HAEMONETICS CORP COM 405024100 6105 220000 SH DEFINED 0106 220000
HAEMONETICS CORP COM 405024100 749 27000 SH DEFINED 011619 27000
HAEMONETICS CORP COM 405024100 4579 165000 SH DEFINED 011614 165000
HAEMONETICS CORP COM 405024100 17831 642500 SH DEFINED 0102 642500
HAEMONETICS CORP COM 405024100 6938 250000 SH DEFINED 0131 250000
HAEMONETICS CORP COM 405024100 347 12500 SH DEFINED 0103 12500
HAGGAR COM 405173105 5100 200000 SH DEFINED 0124 200000
HALLIBURTON COM 406216101 91 2851 SH DEFINED 0103 2851
HANDLEMAN COMPANY COM 410252100 12 886 SH DEFINED 0103 886
HANNA MA CO. COM 410522106 6525 200000 SH DEFINED 0108 200000
HANSON PLC ADR COM 411352305 20000 1000000 SH DEFINED 0130 1000000
HANSON PLC ADR COM 411352305 26000 1300000 SH DEFINED 0113 1300000
HANSON PLC ADR COM 411352305 6000 300000 SH DEFINED 0107 300000
HANSON PLC ADR COM 411352305 7000 350000 SH DEFINED 011618 350000
HANSON PLC ADR COM 411352305 10500 525000 SH DEFINED 0131 525000
HANSON PLC ADR COM 411352305 532 26600 SH DEFINED 0103 26600
HANSON PLC ADR COM 411352305 23860 1193000 SH DEFINED 01 1193000
HARCOURT GENERAL CRP COM 41163G101 10875 300000 SH DEFINED 0108 300000
HARCOURT GENERAL CRP COM 41163G101 71 1968 SH DEFINED 0103 1968
HARLAND JOHN H COM 412693103 19 886 SH DEFINED 0103 886
HARMAN INTERNATIONAL COM 413086109 934 32500 SH DEFINED 0103 32500
HARNISCHFEGER IND COM 413345109 16 689 SH DEFINED 0103 689
HARRIS CORP COM 413875105 6825 150000 SH DEFINED 0131 150000
HARRIS CORP COM 413875105 390 8583 SH DEFINED 0103 8583
HARTEBEEST ADR COM 416198406 1484 265000 SH DEFINED 0127 265000
HARTMARX CORP COM 417119104 2699 385630 SH DEFINED 0103 385630
HASBRO INC COM 418056107 82 2263 SH DEFINED 0103 2263
HAT BRANDS WTS8/2002 WARRANT 418730XY8 1039 30108 SH DEFINED 0109 30108
HAWAII ELEC $100 PREFERRED STOCK 419990197 2134 20000 SH DEFINED 0105 20000
MAUI ELEC $100 PREFERRED STOCK 419990205 2667 25000 SH DEFINED 0105 25000
HAYES WHEELS COM 420804106 6125 200000 SH DEFINED 0124 200000
HAYES WHEELS COM 420804106 1225 40000 SH DEFINED 011620 40000
HAYES WHEELS COM 420804106 55 1800 SH DEFINED 0102 1800
HAYES WHEELS COM 420804106 714 23300 SH DEFINED 0103 23300
HAYES WHEELS COM 420804106 2870 93700 SH DEFINED 01 93700
HEALTHSOUTH REHABILI COM 421924101 3737 148000 SH DEFINED 0128 148000
HEALTHSOUTH REHABILI COM 421924101 12625 500000 SH DEFINED 0111 500000
HEALTHSOUTH REHABILI COM 421924101 1515 60000 SH DEFINED 011622 60000
HEALTHSOUTH REHABILI COM 421924101 3409 135000 SH DEFINED 011623 135000
HEALTHSOUTH REHABILI COM 421924101 4416 174900 SH DEFINED 011516 174900
HEALTHSOUTH REHABILI COM 421924101 3659 144900 SH DEFINED 0131 144900
HEALTHSOUTH REHABILI COM 421924101 179 7100 SH DEFINED 0103 7100
HEALTH EQUITY PROP COM 42217R101 4465 470000 SH DEFINED 0132 470000
HEALTH EQUITY PROP COM 42217R101 1530 161000 SH DEFINED 01 161000
HEART TECHNOLOGY COM 42233W100 2924 131400 SH DEFINED 0106 131400
HEART TECHNOLOGY COM 42233W100 890 40000 SH DEFINED 011619 40000
HEART TECHNOLOGY COM 42233W100 2448 110000 SH DEFINED 011614 110000
HEART TECHNOLOGY COM 42233W100 9311 418400 SH DEFINED 0102 418400
<PAGE> PAGE 32
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HEART TECHNOLOGY COM 42233W100 3560 160000 SH DEFINED 0131 160000
HEART TECHNOLOGY COM 42233W100 176 7900 SH DEFINED 0103 7900
HEILIG MEYERS CO COM 422893107 59 1500 SH DEFINED 0102 1500
HEILIG MEYERS CO COM 422893107 823 21100 SH DEFINED 0103 21100
HEINZ H.J. COM 423074103 236 6592 SH DEFINED 0103 6592
HELMERICH & PAYNE COM 423452101 19 690 SH DEFINED 0103 690
HERBALIFE INTERNATIO COM 426908109 4439 250100 SH DEFINED 0107 250100
HERCULES INC COM 427056106 122 1082 SH DEFINED 0103 1082
HERSHEY FOODS COM 427866108 116 2362 SH DEFINED 0103 2362
HEWLETT PACKARD COM 428236103 16 200 SH DEFINED 0102 200
HEWLETT PACKARD COM 428236103 505 6393 SH DEFINED 0103 6393
HILTON HOTELS COM 432848109 78 1280 SH DEFINED 0103 1280
HOLLY RESIDTL CORP COM 436023105 2000 100000 SH DEFINED 0130 100000
HOLLY RESIDTL CORP COM 436023105 3000 150000 SH DEFINED 0132 150000
HOLLY RESIDTL CORP COM 436023105 2900 145000 SH DEFINED 0107 145000
HOLLY RESIDTL CORP COM 436023105 1000 50000 SH DEFINED 011618 50000
HOLLY RESIDTL CORP COM 436023105 2000 100000 SH DEFINED 0131 100000
HOLLY RESIDTL CORP COM 436023105 76 3800 SH DEFINED 0103 3800
HOME DEPOT CONV BOND 437076AD4 12 10000 PRN DEFINED 0102 10000
HOME DEPOT INC COM 437076102 39500 1000000 SH DEFINED 0126 1000000
HOME DEPOT INC COM 437076102 23700 600000 SH DEFINED 0111 600000
HOME DEPOT INC COM 437076102 4938 125000 SH DEFINED 011622 125000
HOME DEPOT INC COM 437076102 11060 280000 SH DEFINED 011623 280000
HOME DEPOT INC COM 437076102 3950 100000 SH DEFINED 011618 100000
HOME DEPOT INC COM 437076102 117254 2968258 SH DEFINED 0102 1116701 1851557
HOME DEPOT INC COM 437076102 5925 150000 SH DEFINED 0131 150000
HOME DEPOT INC COM 437076102 5691 144062 SH DEFINED 0103 132650 11412
HOME DEPOT INC COM 437076102 5596 141665 SH DEFINED 01 141665
HOME SHOPPING NETWRK COM 437351109 1264 85000 SH DEFINED 0106 85000
HOME SHOPPING NETWRK COM 437351109 1488 100000 SH DEFINED 0107 100000
HOME SHOPPING NETWRK COM 437351109 6619 445000 SH DEFINED 011516 445000
HOME SHOPPING NETWRK COM 437351109 2975 200000 SH DEFINED 011618 200000
HOME SHOPPING NETWRK COM 437351109 744 50000 SH DEFINED 011619 50000
HOME SHOPPING NETWRK COM 437351109 1041 70000 SH DEFINED 011614 70000
HOME SHOPPING NETWRK COM 437351109 4439 298500 SH DEFINED 0102 298500
HOME SHOPPING NETWRK COM 437351109 1636 110000 SH DEFINED 0131 110000
HOME SHOPPING NETWRK COM 437351109 52 3500 SH DEFINED 0103 3500
HOMESTAKE MINING COM 437614100 220 10000 SH DEFINED 0127 10000
HOMESTAKE MINING COM 437614100 282 12800 SH DEFINED 0102 12800
HOMESTAKE MINING COM 437614100 78 3542 SH DEFINED 0103 3542
HOMESTEAD SAVINGS WARRANT 437843204 0 42500 SH DEFINED 0109 42500
HONEYWELL COM 438506107 121 3542 SH DEFINED 0103 3542
HORACE MANN EDUCATOR COM 440327104 8000 320000 SH DEFINED 011516 320000
HORIZON OUTLET COM 44043K102 2300 100000 SH DEFINED 0107 100000
HORIZON OUTLET COM 44043K102 1582 68800 SH DEFINED 011618 68800
HORMEL COM 440452100 4425 200000 SH DEFINED 0128 200000
HORMEL COM 440452100 9403 425000 SH DEFINED 0131 425000
HORMEL COM 440452100 454 20500 SH DEFINED 0103 20500
HOUGHTON MIFFLIN CO COM 441560109 9725 200000 SH DEFINED 0108 200000
HOUGHTON MIFFLIN CO COM 441560109 14588 300000 SH DEFINED 011516 300000
<PAGE> PAGE 33
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
HOUSEHOLD INTL COM 441815107 5230 160300 SH DEFINED 0113 160300
HOUSEHOLD INTL COM 441815107 1602 49100 SH DEFINED 0125 49100
HOUSEHOLD INTL COM 441815107 28267 866445 SH DEFINED 0102 284200 582245
HOUSEHOLD INTL COM 441815107 6525 200000 SH DEFINED 0131 200000
HOUSEHOLD INTL COM 441815107 2426 74344 SH DEFINED 0103 41500 32844
HOUSEHOLD INTL COM 441815107 85 2600 SH DEFINED 01 2600
HOUSTON INDUSTRIES COM 442161105 159 3345 SH DEFINED 0103 3345
HUMANA COM 444859102 6609 375000 SH DEFINED 0130 375000
HUMANA COM 444859102 8813 500000 SH DEFINED 011516 500000
HUMANA COM 444859102 4406 250000 SH DEFINED 011618 250000
IDB COMMUNICATIONS CONV BOND 449355AB2 2330 2000000 PRN DEFINED 0107 2000000
IDB COMM COM 449355106 6875 125000 SH DEFINED 0124 125000
IDB COMM COM 449355106 1760 32000 SH DEFINED 011619 32000
IDB COMM COM 449355106 12767 232100 SH DEFINED 0102 232100
IDB COMM COM 449355106 248 4500 SH DEFINED 0103 4500
IES INDUSTRIES INC COM 44949M103 6250 200000 SH DEFINED 0132 200000
IES INDUSTRIES INC COM 44949M103 5961 190749 SH DEFINED 0103 190749
IDSTC INCOME FUND II COM 449496108 91952 6675276 SH DEFINED 0103 1331045 5344231
IMRS INC COM 449696103 798 31300 SH DEFINED 0106 31300
IMRS INC COM 449696103 536 21000 SH DEFINED 011614 21000
IMRS INC COM 449696103 923 36200 SH DEFINED 0131 36200
IRT PROPERTY CO COM 450058102 2150 200000 SH DEFINED 0107 200000
IRT PROPERTY CO COM 450058102 3118 290000 SH DEFINED 0131 290000
IRT PROPERTY CO COM 450058102 151 14000 SH DEFINED 0103 14000
I-STAT CORP COM 450312103 1312 99000 SH DEFINED 0106 99000
I-STAT CORP COM 450312103 875 66000 SH DEFINED 011614 66000
ITT CORP COM 450679105 11406 125000 SH DEFINED 0130 125000
ITT CORP COM 450679105 45625 500000 SH DEFINED 0126 500000
ITT CORP COM 450679105 9125 100000 SH DEFINED 0124 100000
ITT CORP COM 450679105 329 3600 SH DEFINED 0125 3600
ITT CORP COM 450679105 9125 100000 SH DEFINED 011516 100000
ITT CORP COM 450679105 17931 196500 SH DEFINED 011618 196500
ITT CORP COM 450679105 85727 939452 SH DEFINED 0102 359400 580052
ITT CORP COM 450679105 10038 110000 SH DEFINED 0131 110000
ITT CORP COM 450679105 2906 31850 SH DEFINED 0103 21600 10250
ITT CORP COM 450679105 21718 238000 SH DEFINED 01 238000
IVF AMERICA $10 CONV PFD STOCK 450706205 563 150000 SH DEFINED 0107 150000
IDEX CORP COM 45167R104 1073 30000 SH DEFINED 011620 30000
IDEXX LABS INC COM 45168D104 7969 250000 SH DEFINED 0106 250000
IDEXX LABS INC COM 45168D104 3825 120000 SH DEFINED 011619 120000
IDEXX LABS INC COM 45168D104 6375 200000 SH DEFINED 011614 200000
IDEXX LABS INC COM 45168D104 24335 763400 SH DEFINED 0102 763400
IDEXX LABS INC COM 45168D104 2550 80000 SH DEFINED 0131 80000
IDEXX LABS INC COM 45168D104 446 14000 SH DEFINED 0103 14000
ILLINOIS POWER COM 452092109 6195 280000 SH DEFINED 0132 280000
ILLINOIS PWR SER P PREFERRED STOCK 452092810 7266 76482 SH DEFINED 0105 76482
ILLINOIS PWR SER P PREFERRED STOCK 452092810 3023 31820 SH DEFINED 01 31820
ILLINOIS PWR SER P PREFERRED STOCK 452092810 756 7959 SH DEFINED 0116 7959
ILLINOIS PWR SER B PREFERRED STOCK 452092836 3570 70000 SH DEFINED 01 70000
ILLINOIS PWR SER B PREFERRED STOCK 452092836 2328 45650 SH DEFINED 0116 45650
<PAGE> PAGE 34
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ILLINOIS PWR SER B PREFERRED STOCK 452092836 2295 45000 SH DEFINED 0116 45000
IL PWR SER A PREFERRED STOCK 452092851 2376 55250 SH DEFINED 01 55250
ILLINOIS TOOL WORKS COM 452308109 9750 250000 SH DEFINED 0108 250000
ILLINOIS TOOL WORKS COM 452308109 11700 300000 SH DEFINED 0124 300000
ILLINOIS TOOL WORKS COM 452308109 4832 123900 SH DEFINED 011516 123900
ILLINOIS TOOL WORKS COM 452308109 7800 200000 SH DEFINED 011618 200000
ILLINOIS TOOL WORKS COM 452308109 16763 429729 SH DEFINED 0102 182100 247629
ILLINOIS TOOL WORKS COM 452308109 135 3452 SH DEFINED 0103 500 2952
IMCERA GROUP COM 452454101 66 1967 SH DEFINED 0103 1967
IMPERIAL CHEM IN ADR COM 452704505 945 20000 SH DEFINED 0131 20000
IMPERIAL CHEM IN ADR COM 452704505 473 10000 SH DEFINED 0103 10000
INCO LIMITED COM 453258402 77 2854 SH DEFINED 0103 2854
INDRESCO INC COM 455905109 3872 249800 SH DEFINED 0128 249800
INFINITY BROADCASTNG COM 456626100 851 28125 SH DEFINED 011614 28125
INFINITY BROADCASTNG COM 456626100 10629 351337 SH DEFINED 0102 351337
INFINITY BROADCASTNG COM 456626100 170 5625 SH DEFINED 0103 5625
INFORMIX CORP COM 456779107 8500 400000 SH DEFINED 0130 400000
INFORMIX CORP COM 456779107 4250 200000 SH DEFINED 0108 200000
INFORMIX CORP COM 456779107 2231 105000 SH DEFINED 0106 105000
INFORMIX CORP COM 456779107 1318 62000 SH DEFINED 011622 62000
INFORMIX CORP COM 456779107 3018 142000 SH DEFINED 011623 142000
INFORMIX CORP COM 456779107 1169 55000 SH DEFINED 011619 55000
INFORMIX CORP COM 456779107 1063 50000 SH DEFINED 011620 50000
INFORMIX CORP COM 456779107 2656 125000 SH DEFINED 011614 125000
INFORMIX CORP COM 456779107 12764 600600 SH DEFINED 0102 600600
INFORMIX CORP COM 456779107 2975 140000 SH DEFINED 0131 140000
INFORMIX CORP COM 456779107 223 10500 SH DEFINED 0103 10500
INFORMIX CORP COM 456779107 3406 160300 SH DEFINED 01 160300
INGERSOLL-RAND CO COM 456866102 22950 600000 SH DEFINED 0130 600000
INGERSOLL-RAND CO COM 456866102 8243 215450 SH DEFINED 0102 80300 135150
INGERSOLL-RAND CO COM 456866102 301 7856 SH DEFINED 0103 5200 2656
INGERSOLL-RAND CO COM 456866102 1913 50000 SH DEFINED 01 50000
INFORMATION RESOURCE COM 456905108 19250 500000 SH DEFINED 0126 500000
INFORMATION RESOURCE COM 456905108 6738 175000 SH DEFINED 0106 175000
INFORMATION RESOURCE COM 456905108 1155 30000 SH DEFINED 011619 30000
INFORMATION RESOURCE COM 456905108 5775 150000 SH DEFINED 011614 150000
INFORMATION RESOURCE COM 456905108 16590 430900 SH DEFINED 0102 430900
INFORMATION RESOURCE COM 456905108 8470 220000 SH DEFINED 0131 220000
INFORMATION RESOURCE COM 456905108 323 8400 SH DEFINED 0103 8400
INLAND STEEL IND INC COM 457472108 29 885 SH DEFINED 0103 885
INSILCO CLASS B W/I COM 457659993 0 23000 SH DEFINED 0104 23000
INSILCO CLASS B W/I COM 457659993 0 52000 SH DEFINED 0109 52000
INSILCO CLASS B W/I COM 457659993 0 12000 SH DEFINED 011621 12000
INSURANCE AUTO AUCTS COM 457875102 8381 225000 SH DEFINED 011516 225000
INSURANCE AUTO AUCTS COM 457875102 1863 50000 SH DEFINED 011619 50000
INTERGRATED HLTH 144 CONV BOND 45812CAB2 3203 3000000 PRN DEFINED 0104 3000000
INTERGRATED HLTH 144 CONV BOND 45812CAB2 2135 2000000 PRN DEFINED 0109 2000000
INTERGRATED HLTH 144 CONV BOND 45812CAB2 2135 2000000 PRN DEFINED 011621 2000000
INTERGRATED HLTH 144 CONV BOND 45812CAB2 1068 1000000 PRN DEFINED 0131 1000000
INTEL COM 458140100 10850 175000 SH DEFINED 0130 175000
<PAGE> PAGE 35
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
INTEL COM 458140100 9300 150000 SH DEFINED 0108 150000
INTEL COM 458140100 62000 1000000 SH DEFINED 0126 1000000
INTEL COM 458140100 34100 550000 SH DEFINED 0124 550000
INTEL COM 458140100 4960 80000 SH DEFINED 011622 80000
INTEL COM 458140100 10850 175000 SH DEFINED 011623 175000
INTEL COM 458140100 24800 400000 SH DEFINED 011516 400000
INTEL COM 458140100 9920 160000 SH DEFINED 011618 160000
INTEL COM 458140100 1240 20000 SH DEFINED 011620 20000
INTEL COM 458140100 105000 1693524 SH DEFINED 0102 620400 1073124
INTEL COM 458140100 6820 110000 SH DEFINED 0131 110000
INTEL COM 458140100 5259 84822 SH DEFINED 0103 74100 10722
INTEL COM 458140100 17137 276400 SH DEFINED 01 276400
INTERCO WTS SERIES 1 WARRANT 458507118 156 51933 SH DEFINED 0109 51933
INTERGROUP HEALTHCAR COM 45868J104 960 20000 SH DEFINED 0128 20000
INTERGRAPH CORP COM 458683109 14 1280 SH DEFINED 0103 1280
INTERMAGNETICS GEN CONV BOND 458771AB8 1875 2000000 PRN DEFINED 0107 2000000
INTL BUSINESS MACH COM 459200101 11300 200000 SH DEFINED 0113 200000
INTL BUSINESS MACH COM 459200101 1130 20000 SH DEFINED 011618 20000
INTL BUSINESS MACH COM 459200101 828 14658 SH DEFINED 0103 14658
INTL BUSINESS MACH COM 459200101 7458 132000 SH DEFINED 01 132000
INTL CABLETEL INC COM 459216107 5875 250000 SH DEFINED 011516 250000
INTL CABLETEL INC COM 459216107 2350 100000 SH DEFINED 011618 100000
INTL CABLETEL INC COM 459216107 705 30000 SH DEFINED 011619 30000
INTL FAMILY ENTER COM 45950M106 4010 196800 SH DEFINED 0111 196800
INTL FLAVORS & FRAG COM 459506101 37538 330000 SH DEFINED 011516 330000
INTL FLAVORS & FRAG COM 459506101 112 984 SH DEFINED 0103 984
INTL IMAGING MAT COM 45968C108 894 45000 SH DEFINED 011619 45000
INT'L GAME TECH CONV BOND 459902AC6 3818 1000000 PRN DEFINED 0106 1000000
INTL GAME TECHNOLOGY COM 459902102 29500 1000000 SH DEFINED 0126 1000000
INTL GAME TECHNOLOGY COM 459902102 5310 180000 SH DEFINED 0106 180000
INTL GAME TECHNOLOGY COM 459902102 8850 300000 SH DEFINED 0111 300000
INTL GAME TECHNOLOGY COM 459902102 23600 800000 SH DEFINED 0124 800000
INTL GAME TECHNOLOGY COM 459902102 2655 90000 SH DEFINED 011622 90000
INTL GAME TECHNOLOGY COM 459902102 5959 202000 SH DEFINED 011623 202000
INTL GAME TECHNOLOGY COM 459902102 3540 120000 SH DEFINED 011614 120000
INTL GAME TECHNOLOGY COM 459902102 14073 476928 SH DEFINED 0102 476928
INTL GAME TECHNOLOGY COM 459902102 1770 60000 SH DEFINED 0131 60000
INTL GAME TECHNOLOGY COM 459902102 236 8000 SH DEFINED 0103 8000
INTERNATIONAL PAPER COM 460146103 630 9300 SH DEFINED 0125 9300
INTERNATIONAL PAPER COM 460146103 6775 100000 SH DEFINED 011618 100000
INTERNATIONAL PAPER COM 460146103 91623 1352360 SH DEFINED 0102 650350 702010
INTERNATIONAL PAPER COM 460146103 8469 125000 SH DEFINED 0131 125000
INTERNATIONAL PAPER COM 460146103 5676 83798 SH DEFINED 0103 71250 12548
INTERNATIONAL PAPER COM 460146103 14634 216000 SH DEFINED 01 216000
INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1770 80000 SH DEFINED 0104 80000
INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1106 50000 SH DEFINED 0109 50000
INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 1106 50000 SH DEFINED 011621 50000
INT'L TECHNOLOGY $25 CONV PFD STOCK 460465305 443 20000 SH DEFINED 0131 20000
INTERPOOL INC CONV BOND 46062RAA6 1519 1500000 PRN DEFINED 0104 1500000
INTERPOOL INC CONV BOND 46062RAA6 1013 1000000 PRN DEFINED 011621 1000000
<PAGE> PAGE 36
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
INTERPOOL INC CONV BOND 46062RAA6 506 500000 PRN DEFINED 0131 500000
INTERPORE INTER COM 46062W107 319 44000 SH DEFINED 011619 44000
INTERPORE INTER COM 46062W107 1276 176000 SH DEFINED 011614 176000
INTERPUBLIC GROUP COM 460690100 63 1968 SH DEFINED 0103 1968
INTERVOICE INC COM 461142101 1200 75000 SH DEFINED 0106 75000
INTERVOICE INC COM 461142101 1120 70000 SH DEFINED 011619 70000
INTERVOICE INC COM 461142101 1760 110000 SH DEFINED 011614 110000
IOMEGA CORP COM 462030107 769 300000 SH DEFINED 0128 300000
IOMEGA CORP COM 462030107 718 280000 SH DEFINED 011620 280000
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 8255 73300 SH DEFINED 0105 73300
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 3942 35000 SH DEFINED 01 35000
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 2985 26500 SH DEFINED 0116 26500
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 1126 10000 SH DEFINED 0116 10000
IRVINE APARTMENT COM 463606103 2681 150000 SH DEFINED 0107 150000
IWERKS ENT COM 465916104 535 20000 SH DEFINED 0106 20000
IWERKS ENT COM 465916104 535 20000 SH DEFINED 011614 20000
IWERKS ENT COM 465916104 2110 78900 SH DEFINED 0102 78900
IWERKS ENT COM 465916104 669 25000 SH DEFINED 0131 25000
IWERKS ENT COM 465916104 40 1500 SH DEFINED 0103 1500
J&L STEEL COM 466046109 5688 350000 SH DEFINED 0131 350000
J&L STEEL COM 466046109 260 16000 SH DEFINED 0103 16000
JWP INC COM 466265105 1 1159292 SH DEFINED 0103 147103 1012189
JACOBS ENGR GROUP COM 469814107 14325 600000 SH DEFINED 0126 600000
JAMES RIVER COM 470349101 42 2165 SH DEFINED 0103 2165
JAN BELL MKTG INC COM 470760109 3 366 SH DEFINED 0102 366
JEFFERSON PILOT COM 475070108 60 1279 SH DEFINED 0103 1279
JOHN ALDEN FINANCIAL COM 477838106 3240 90000 SH DEFINED 0128 90000
JOHN ALDEN FINANCIAL COM 477838106 828 23000 SH DEFINED 011619 23000
JOHN NUVEEN COM 478035108 10050 400000 SH DEFINED 0111 400000
JOHN NUVEEN COM 478035108 75 3000 SH DEFINED 0102 3000
JOHN NUVEEN COM 478035108 1130 44994 SH DEFINED 0103 44994
JOHNSON & JOHNSON COM 478160104 11188 250000 SH DEFINED 0124 250000
JOHNSON & JOHNSON COM 478160104 90 2000 SH DEFINED 0125 2000
JOHNSON & JOHNSON COM 478160104 13 300 SH DEFINED 0102 300
JOHNSON & JOHNSON COM 478160104 8279 185000 SH DEFINED 0131 185000
JOHNSON & JOHNSON COM 478160104 1191 26623 SH DEFINED 0103 26623
JOHNSON & JOHNSON COM 478160104 5952 133000 SH DEFINED 01 133000
JOHNSON CONTROLS COM 478366107 58 1083 SH DEFINED 0103 1083
JOSTENS A. INC. COM 481088102 11119 563000 SH DEFINED 0113 563000
JOSTENS A. INC. COM 481088102 23 1181 SH DEFINED 0103 1181
K-MART CORPORATION COM 482584109 26563 1250000 SH DEFINED 0113 1250000
K-MART CORPORATION COM 482584109 8500 400000 SH DEFINED 0131 400000
K-MART CORPORATION COM 482584109 636 29928 SH DEFINED 0103 29928
K-MART CVT SER A PREFERRED STOCK 482584208 2219 50000 SH DEFINED 0107 50000
K-MART CVT SER A PREFERRED STOCK 482584208 444 10000 SH DEFINED 01 10000
KN ENERGY COM 482620101 6759 262500 SH DEFINED 0132 262500
KIII COMM $100 PIK PREFERRED STOCK 482727401 8927 86878 SH DEFINED 0109 86878
KARCHER CARL ENTERPR COM 485636104 2549 239914 SH DEFINED 0103 239914
KASH & KARRY "C" COM 485773980 16 3250 SH DEFINED 0109 3250
KASH & KARRY B COM 485773998 114 1625 SH DEFINED 0109 1625
<PAGE> PAGE 37
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
KAUFMAN & BROAD HOME COM 486168107 117 4934 SH DEFINED 0102 4934
KAUFMAN & BROAD HOME COM 486168107 1710 71986 SH DEFINED 0103 71100 886
KELLOGG CO. COM 487836108 333 5861 SH DEFINED 0103 5861
KELLY SERVICES COM 488152208 4683 168750 SH DEFINED 0111 168750
KENDALL CORP COM 488751108 2795 60762 SH DEFINED 0103 60762
KENETECH COM 488878109 1610 80000 SH DEFINED 0106 80000
KENETECH COM 488878109 2013 100000 SH DEFINED 0111 100000
KENETECH COM 488878109 664 33000 SH DEFINED 011619 33000
KENETECH COM 488878109 1067 53000 SH DEFINED 011614 53000
KENETECH COM 488878109 2113 105000 SH DEFINED 0131 105000
KENT ELECTRONICS COM 490553104 684 24000 SH DEFINED 011619 24000
KERR MCGEE COM 492386107 58 1279 SH DEFINED 0103 1279
KEYSTONE INTL INC COM 493503106 82 3000 SH DEFINED 0102 3000
KEYSTONE INTL INC COM 493503106 1144 41800 SH DEFINED 0103 41800
KEYSTONE INTL INC COM 493503106 82 3000 SH DEFINED 01 3000
KIMBERLY CLARK COM 494368103 27234 525000 SH DEFINED 0130 525000
KIMBERLY CLARK COM 494368103 14245 274600 SH DEFINED 011516 274600
KIMBERLY CLARK COM 494368103 214 4132 SH DEFINED 0103 4132
KIMBERLY CLARK COM 494368103 11630 224200 SH DEFINED 01 224200
KIMCO REALTY CORP COM 49446R109 4391 125000 SH DEFINED 0130 125000
KIMCO REALTY CORP COM 49446R109 3864 110000 SH DEFINED 0131 110000
KIMCO REALTY CORP COM 49446R109 186 5300 SH DEFINED 0103 5300
KINGWORLD PRODUCTION COM 495667107 34 884 SH DEFINED 0103 884
KLOOF GOLD MININGADR COM 498746502 2756 225000 SH DEFINED 0127 225000
KNIGHT-RIDDER INC. COM 499040103 82 1377 SH DEFINED 0103 1377
KOHLS CORP COM 500255104 6281 125000 SH DEFINED 0106 125000
KOHLS CORP COM 500255104 5332 106100 SH DEFINED 011614 106100
KOHLS CORP COM 500255104 21432 426500 SH DEFINED 0102 426500
KOHLS CORP COM 500255104 8543 170000 SH DEFINED 0131 170000
KOHLS CORP COM 500255104 372 7400 SH DEFINED 0103 7400
KRANZCO REALTY COM 50076E103 3763 175000 SH DEFINED 0130 175000
KRANZCO REALTY COM 50076E103 2688 125000 SH DEFINED 0107 125000
KRANZCO REALTY COM 50076E103 2365 110000 SH DEFINED 0131 110000
KRANZCO REALTY COM 50076E103 114 5300 SH DEFINED 0103 5300
KRANZCO REALTY COM 50076E103 1656 77000 SH DEFINED 01 77000
KROGER CO CONV BOND 501044BE0 18600 15000000 PRN DEFINED 0130 15000000
KROGER CO CONV BOND 501044BE0 2480 2000000 PRN DEFINED 0107 2000000
KROGER CO. COM 501044101 1208 60000 SH DEFINED 011620 60000
KROGER CO. COM 501044101 53 2656 SH DEFINED 0103 2656
LCI INTL COM 501813109 1850 50000 SH DEFINED 0106 50000
LCI INTL COM 501813109 3515 95000 SH DEFINED 011618 95000
LCI INTL COM 501813109 1850 50000 SH DEFINED 011614 50000
LCI INTL INC $25 CONV PFD STOCK 501813208 712 24750 SH DEFINED 0132 24750
LCI INTL INC $25 CONV PFD STOCK 501813208 2875 100000 SH DEFINED 0107 100000
LCI INTL INC $25 CONV PFD STOCK 501813208 11500 400000 SH DEFINED 011516 400000
LCI INTL INC $25 CONV PFD STOCK 501813208 1423 49500 SH DEFINED 011618 49500
LG AND E ENERGY CORP COM 501917108 6683 165000 SH DEFINED 0132 165000
LTV CORP NEW COM 501921100 4031 250000 SH DEFINED 011618 250000
LTV CORP NEW COM 501921100 42657 2645190 SH DEFINED 0102 862900 1782290
LTV CORP NEW COM 501921100 2182 135300 SH DEFINED 0103 135300
<PAGE> PAGE 38
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LSB INDUSTRIES $50 CONV PFD STOCK 502160500 5400 100000 SH DEFINED 0124 100000
LSB INDUSTRIES $50 CONV PFD STOCK 502160500 4320 80000 SH DEFINED 0107 80000
LTC PROPERTIES COM 502175102 3863 300000 SH DEFINED 0132 300000
LTC PROPERTIES COM 502175102 2253 175000 SH DEFINED 0107 175000
LTC PROPERTIES COM 502175102 592 46000 SH DEFINED 01 46000
LAC MINERALS ORD COM 505458109 656 75000 SH DEFINED 0127 75000
LAM RESEARCH CORP COM 512807108 3169 97500 SH DEFINED 011614 97500
LAM RESEARCH CORP COM 512807108 7478 230000 SH DEFINED 0102 230000
LAM RESEARCH CORP COM 512807108 132 4050 SH DEFINED 0103 4050
LANCASTER COLONY COR COM 513847103 87 1900 SH DEFINED 0102 1900
LANCASTER COLONY COR COM 513847103 1187 25800 SH DEFINED 0103 25800
LAND AIR COM 514759109 830 40500 SH DEFINED 0106 40500
LANDAMARK COMM COM 515090108 2562 15530 SH DEFINED 0102 15530
LASALLE NATL $50 PREFERRED STOCK 5180283*4 8400 150000 SH DEFINED 01 150000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 3360 60000 SH DEFINED 0116 60000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 2240 40000 SH DEFINED 0116 40000
LEAR HOLDINGS CORP COM 521871103 2529 5950 SH DEFINED 0109 5950
LEASEWAY TRANSPORT COM 522075100 13114 771428 SH DEFINED 0109 771428
LENNAR CORP COM 526057104 9384 275000 SH DEFINED 0108 275000
LENNAR CORP COM 526057104 5147 150800 SH DEFINED 0102 150800
LENNAR CORP COM 526057104 1805 52900 SH DEFINED 0103 52900
LEUCADIA NAT'L CONV BOND 527288AG9 4851 4900000 PRN DEFINED 0104 4900000
LEUCADIA NAT'L CONV BOND 527288AG9 2574 2600000 PRN DEFINED 0131 2600000
LIBERTY MEDIA CL E PREFERRED STOCK 530715507 4600 50000 SH DEFINED 0109 50000
LIBERTY MEDIA CL E PREFERRED STOCK 530715507 2300 25000 SH DEFINED 0131 25000
ELI LILLY COM 532457108 14844 250000 SH DEFINED 0113 250000
ELI LILLY COM 532457108 444 7476 SH DEFINED 0103 7476
THE LIMITED INC COM 532716107 6850 400000 SH DEFINED 0124 400000
THE LIMITED INC COM 532716107 307 17900 SH DEFINED 0125 17900
THE LIMITED INC COM 532716107 66 3840 SH DEFINED 0102 3840
THE LIMITED INC COM 532716107 283 16547 SH DEFINED 0103 16547
LIN BROADCASTING COM 532763109 11050 100000 SH DEFINED 0130 100000
LIN BROADCASTING COM 532763109 34255 310000 SH DEFINED 011516 310000
LIN BROADCASTING COM 532763109 13260 120000 SH DEFINED 011618 120000
LIN BROADCASTING COM 532763109 553 5000 SH DEFINED 011620 5000
LIN BROADCASTING COM 532763109 51674 467611 SH DEFINED 0102 103600 364011
LIN BROADCASTING COM 532763109 4983 45100 SH DEFINED 0103 45100
LIN BROADCASTING COM 532763109 10166 92000 SH DEFINED 01 92000
LINCOLN NAT COM 534187109 98 2262 SH DEFINED 0103 2262
LINEAR TECHNOLOGY COM 535678106 23250 600000 SH DEFINED 0126 600000
LINEAR TECHNOLOGY COM 535678106 5813 150000 SH DEFINED 0106 150000
LINEAR TECHNOLOGY COM 535678106 3875 100000 SH DEFINED 011614 100000
LINEAR TECHNOLOGY COM 535678106 17237 444800 SH DEFINED 0102 444800
LINEAR TECHNOLOGY COM 535678106 6394 165000 SH DEFINED 0131 165000
LINEAR TECHNOLOGY COM 535678106 318 8200 SH DEFINED 0103 8200
LITTON INDUSTRIES COM 538021106 69 1074 SH DEFINED 0103 1074
LIZ CLAIBORNE COM 539320101 49 2165 SH DEFINED 0103 2165
LOCKHEED CORP COM 539821108 107 1574 SH DEFINED 0103 1574
LONE STAR STEAK HS COM 542307103 670 24338 SH DEFINED 0102 24338
LONG ISLAND LIGHTING COM 542671102 23156 950000 SH DEFINED 0113 950000
<PAGE> PAGE 39
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
LONG ISLAND LIGHTING PREFERRED STOCK 5426719A2 943 9199 SH DEFINED 0105 9199
LONGS DRUG STORES COM 543162101 16 491 SH DEFINED 0103 491
LONGVIEW FIBRE WASH COM 543213102 6082 268800 SH DEFINED 0128 268800
LONGVIEW FIBRE WASH COM 543213102 1244 55000 SH DEFINED 011620 55000
LONGVIEW FIBRE WASH COM 543213102 7398 327000 SH DEFINED 0131 327000
LONGVIEW FIBRE WASH COM 543213102 337 14900 SH DEFINED 0103 14900
LORAL COM 543859102 1208 32000 SH DEFINED 0125 32000
LORAL COM 543859102 166 4400 SH DEFINED 0102 4400
LORAL COM 543859102 570 15098 SH DEFINED 0103 15098
LORAL COM 543859102 34 900 SH DEFINED 01 900
LOTUS DEV CORP COM 545700106 60 1082 SH DEFINED 0103 1082
LOUISIANA LAND/EXP COM 546268103 289 7200 SH DEFINED 0125 7200
LOUISIANA LAND/EXP COM 546268103 40 1000 SH DEFINED 0102 1000
LOUISIANA LAND/EXP COM 546268103 144 3588 SH DEFINED 0103 3588
LOUISIANA PAC. COM 546347105 114 2754 SH DEFINED 0103 2754
LOWE'S CO'S COM 548661107 15405 260000 SH DEFINED 0131 260000
LOWE'S CO'S COM 548661107 117 1969 SH DEFINED 0103 1969
LUBY'S CAFETERIES COM 549282101 15 688 SH DEFINED 0103 688
LYONDELL PETROCHEM COM 552078107 15938 750000 SH DEFINED 0113 750000
LYONDELL PETROCHEM COM 552078107 6375 300000 SH DEFINED 0124 300000
LYONDELL PETROCHEM COM 552078107 4250 200000 SH DEFINED 0107 200000
LYONDELL PETROCHEM COM 552078107 22359 1052180 SH DEFINED 0102 276000 776180
LYONDELL PETROCHEM COM 552078107 6375 300000 SH DEFINED 0131 300000
LYONDELL PETROCHEM COM 552078107 10774 507000 SH DEFINED 01 507000
MA/COM COM 552618100 5 589 SH DEFINED 0103 589
MBNA COM 55262L100 53400 1600000 SH DEFINED 0126 1600000
MBNA COM 55262L100 25031 750000 SH DEFINED 0113 750000
MBNA COM 55262L100 5006 150000 SH DEFINED 0132 150000
MBNA COM 55262L100 30038 900000 SH DEFINED 0124 900000
MBNA COM 55262L100 2336 70000 SH DEFINED 0107 70000
MBNA COM 55262L100 10013 300000 SH DEFINED 0131 300000
MBNA COM 55262L100 601 18011 SH DEFINED 0103 18011
MCI COMMUNICATIONS COM 552673105 9888 350000 SH DEFINED 0108 350000
MCI COMMUNICATIONS COM 552673105 62150 2200000 SH DEFINED 0126 2200000
MCI COMMUNICATIONS COM 552673105 11300 400000 SH DEFINED 0132 400000
MCI COMMUNICATIONS COM 552673105 33900 1200000 SH DEFINED 0124 1200000
MCI COMMUNICATIONS COM 552673105 2057 72800 SH DEFINED 0125 72800
MCI COMMUNICATIONS COM 552673105 3955 140000 SH DEFINED 011622 140000
MCI COMMUNICATIONS COM 552673105 8605 304600 SH DEFINED 011623 304600
MCI COMMUNICATIONS COM 552673105 9888 350000 SH DEFINED 011516 350000
MCI COMMUNICATIONS COM 552673105 11300 400000 SH DEFINED 011618 400000
MCI COMMUNICATIONS COM 552673105 58780 2080550 SH DEFINED 0102 811700 1268850
MCI COMMUNICATIONS COM 552673105 3621 128177 SH DEFINED 0103 84900 43277
MCI COMMUNICATIONS COM 552673105 946 33500 SH DEFINED 01 33500
MFS COMM COM 55272T101 4875 150000 SH DEFINED 011516 150000
MGIC INVESTMENT CORP COM 552848103 23400 800000 SH DEFINED 011516 800000
MGI PROPERTIES COM 552885105 1022 75000 SH DEFINED 0132 75000
MK GOLD COM 55305P100 402 67000 SH DEFINED 0127 67000
M.S. CARRIERS COM 553533100 1169 55000 SH DEFINED 011620 55000
MAANSHAN IRON&STEEL COM 554059105 5759 100000 SH DEFINED 0111 100000
<PAGE> PAGE 40
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MACFRUGALS BARGAINS COM 554152108 3925 200000 SH DEFINED 0128 200000
MACFRUGALS BARGAINS COM 554152108 5397 275000 SH DEFINED 0131 275000
MACFRUGALS BARGAINS COM 554152108 247 12600 SH DEFINED 0103 12600
MADECO COM 556304103 1170 40000 SH DEFINED 011620 40000
MASISA COM 556465102 4200 150000 SH DEFINED 0124 150000
MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 2781 50000 SH DEFINED 0104 50000
MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 1947 35000 SH DEFINED 011621 35000
MAGMA COPPER $50 CVT CONV PFD STOCK 559177308 834 15000 SH DEFINED 0131 15000
MAGMA POWER NEW COM 559194105 7050 200000 SH DEFINED 0132 200000
MAGNA INTL COM 559222401 37810 760000 SH DEFINED 0126 760000
MAGNA INTL COM 559222401 4975 100000 SH DEFINED 0124 100000
MAGNA INTL COM 559222401 2687 54000 SH DEFINED 011622 54000
MAGNA INTL COM 559222401 6169 124000 SH DEFINED 011623 124000
MAGNETEK INC COM 559424106 7438 500000 SH DEFINED 011516 500000
MAGNETEK INC COM 559424106 1488 100000 SH DEFINED 011620 100000
MAGNETEK INC COM 559424106 3183 214000 SH DEFINED 01 214000
MAHINDRA & MAHINDRA COM 559832100 2878 299780 SH DEFINED 0124 299780
MANOR CARE INC COM 564054104 36 1476 SH DEFINED 0103 1476
MANPOWER INC 144A CONV BOND 56418HAA8 1110 1000000 PRN DEFINED 011620 1000000
MANVILLE CORP NEW COM 565020302 85 10161 SH DEFINED 0103 10161
MARGARETTEN FINL COM 566576104 4163 300000 SH DEFINED 0128 300000
MARGARETTEN FINL COM 566576104 4301 310000 SH DEFINED 0131 310000
MARION MERRELL DOW COM 569790108 13050 725000 SH DEFINED 0113 725000
MARK CENTER TRUST COM 570382101 2175 150000 SH DEFINED 0106 150000
MARK CENTER TRUST COM 570382101 1475 101700 SH DEFINED 0132 101700
MARK CENTER TRUST COM 570382101 1450 100000 SH DEFINED 0107 100000
MARK CENTER TRUST COM 570382101 1595 110000 SH DEFINED 011614 110000
MARK CENTER TRUST COM 570382101 3455 238300 SH DEFINED 0131 238300
MARSH MCLENNAN CO COM 571748102 160 1969 SH DEFINED 0103 1969
MARRIOTT INTERNATION COM 571900109 365 12597 SH DEFINED 011621 12597
MARRIOTT INTERNATION COM 571900109 1298 44747 SH DEFINED 0116 44747
MARRIOTT INTERNATION COM 571900109 77 2657 SH DEFINED 0103 2657
MARRIOTT INTERNATION COM 571900109 349 12032 SH DEFINED 01 12032
MARTIN MARIETTA COM 572900108 11125 250000 SH DEFINED 0108 250000
MARTIN MARIETTA COM 572900108 1971 44300 SH DEFINED 0125 44300
MARTIN MARIETTA COM 572900108 271 6100 SH DEFINED 0102 6100
MARTIN MARIETTA COM 572900108 906 20360 SH DEFINED 0103 20360
MARTIN MARIETTA COM 572900108 921 20700 SH DEFINED 01 20700
MARVEL ENTERTAINMENT COM 573913100 10900 400000 SH DEFINED 011516 400000
MARYLAND CABLE COM 574035200 4 378000 SH DEFINED 0109 378000
MASCO CORP COM 574599106 25900 700000 SH DEFINED 0130 700000
MASCO CORP COM 574599106 12025 325000 SH DEFINED 0108 325000
MASCO CORP COM 574599106 40700 1100000 SH DEFINED 0124 1100000
MASCO CORP COM 574599106 14800 400000 SH DEFINED 011618 400000
MASCO CORP COM 574599106 38625 1043840 SH DEFINED 0102 495700 548140
MASCO CORP COM 574599106 12025 325000 SH DEFINED 0131 325000
MASCO CORP COM 574599106 1401 37835 SH DEFINED 0103 18500 19335
MASCO CORP COM 574599106 11137 301000 SH DEFINED 01 301000
MASCO INDUSTRIES COM 574670105 2788 100000 SH DEFINED 0107 100000
MASCO INDUSTRIES COM 574670105 1115 40000 SH DEFINED 011620 40000
<PAGE> PAGE 41
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MATTEL INC. COM 577081102 27625 1000000 SH DEFINED 0126 1000000
MATTEL INC. COM 577081102 1856 67200 SH DEFINED 0125 67200
MATTEL INC. COM 577081102 1381 50000 SH DEFINED 011622 50000
MATTEL INC. COM 577081102 3177 115000 SH DEFINED 011623 115000
MATTEL INC. COM 577081102 2763 100000 SH DEFINED 011516 100000
MATTEL INC. COM 577081102 20679 748393 SH DEFINED 0102 339000 409393
MATTEL INC. COM 577081102 2216 80246 SH DEFINED 0103 49500 30746
MATTEL INC. COM 577081102 11298 409000 SH DEFINED 01 409000
MAXIM INTEGRATED COM 57772K101 5171 108000 SH DEFINED 0106 108000
MAXIM INTEGRATED COM 57772K101 14363 300000 SH DEFINED 0111 300000
MAXIM INTEGRATED COM 57772K101 1436 30000 SH DEFINED 011619 30000
MAXIM INTEGRATED COM 57772K101 3591 75000 SH DEFINED 011614 75000
MAXIM INTEGRATED COM 57772K101 18004 376000 SH DEFINED 0102 376000
MAXIM INTEGRATED COM 57772K101 345 7200 SH DEFINED 0103 7200
MAXUS ENERGY CORP COM 577730104 308 56000 SH DEFINED 0125 56000
MAXUS ENERGY CORP COM 577730104 42 7700 SH DEFINED 0102 7700
MAXUS ENERGY CORP COM 577730104 144 26244 SH DEFINED 0103 26244
MAY DEPT STORES COM 577778103 19688 500000 SH DEFINED 0130 500000
MAY DEPT STORES COM 577778103 6891 175000 SH DEFINED 0131 175000
MAY DEPT STORES COM 577778103 583 14795 SH DEFINED 0103 14795
MAYFLOWER GROUP INC COM 578349102 58 5024 SH DEFINED 0103 5024
MAYTAG CO COM 578592107 24300 1350000 SH DEFINED 0130 1350000
MAYTAG CO COM 578592107 10800 600000 SH DEFINED 0113 600000
MAYTAG CO COM 578592107 4500 250000 SH DEFINED 0128 250000
MAYTAG CO COM 578592107 28198 1566448 SH DEFINED 0102 724400 842048
MAYTAG CO COM 578592107 10800 600000 SH DEFINED 0131 600000
MAYTAG CO COM 578592107 1003 55705 SH DEFINED 0103 24050 31655
MAYTAG CO COM 578592107 2052 114000 SH DEFINED 01 114000
MAC ARTHUR GLEN COM 579188103 804 33000 SH DEFINED 0106 33000
MAC ARTHUR GLEN COM 579188103 1219 50000 SH DEFINED 011618 50000
MAC ARTHUR GLEN COM 579188103 585 24000 SH DEFINED 011614 24000
MAC ARTHUR GLEN COM 579188103 1048 43000 SH DEFINED 0131 43000
MCCAW CELLULAR COMM COM 579468109 50500 1000000 SH DEFINED 0126 1000000
MCCAW CELLULAR COMM COM 579468109 10100 200000 SH DEFINED 0111 200000
MCCAW CELLULAR COMM COM 579468109 10100 200000 SH DEFINED 0132 200000
MCCAW CELLULAR COMM COM 579468109 20200 400000 SH DEFINED 0124 400000
MCCAW CELLULAR COMM COM 579468109 3535 70000 SH DEFINED 011622 70000
MCCAW CELLULAR COMM COM 579468109 7575 150000 SH DEFINED 011623 150000
MCCAW CELLULAR COMM COM 579468109 13635 270000 SH DEFINED 011618 270000
MCCAW CELLULAR COMM COM 579468109 153 3000 SH DEFINED 0102 3000
MCCAW CELLULAR COMM COM 579468109 3788 75000 SH DEFINED 0131 75000
MCCAW CELLULAR COMM COM 579468109 264 5235 SH DEFINED 0103 5235
MCDERMOTT INTL COM 580037109 3975 150000 SH DEFINED 0107 150000
MCDERMOTT INTL COM 580037109 34 1278 SH DEFINED 0103 1278
MCDERMOTT INTL COM 580037109 4606 173800 SH DEFINED 01 173800
MCDONALDS COM 580135101 4058 71200 SH DEFINED 0125 71200
MCDONALDS COM 580135101 28500 500000 SH DEFINED 011516 500000
MCDONALDS COM 580135101 14250 250000 SH DEFINED 011618 250000
MCDONALDS COM 580135101 18696 327880 SH DEFINED 0102 94850 233030
MCDONALDS COM 580135101 11400 200000 SH DEFINED 0131 200000
<PAGE> PAGE 42
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MCDONALDS COM 580135101 4831 84754 SH DEFINED 0103 35650 49104
MCDONALDS COM 580135101 8476 148700 SH DEFINED 01 148700
MCDONNELL DOUGLASS COM 580169100 567 5300 SH DEFINED 0125 5300
MCDONNELL DOUGLASS COM 580169100 75 700 SH DEFINED 0102 700
MCDONNELL DOUGLASS COM 580169100 342 3204 SH DEFINED 0103 3204
MCDONNELL DOUGLASS COM 580169100 32 300 SH DEFINED 01 300
MCGAW COM 580471100 5023 490000 SH DEFINED 0131 490000
MC GRAW-HILL COM 580645109 21978 325000 SH DEFINED 0130 325000
MC GRAW-HILL COM 580645109 10144 150000 SH DEFINED 0108 150000
MC GRAW-HILL COM 580645109 21978 325000 SH DEFINED 0113 325000
MC GRAW-HILL COM 580645109 6763 100000 SH DEFINED 011618 100000
MC GRAW-HILL COM 580645109 86 1279 SH DEFINED 0103 1279
MCKESSON CORP COM 581556107 5400 100000 SH DEFINED 0124 100000
MCKESSON CORP COM 581556107 58 1082 SH DEFINED 0103 1082
MEAD CORP COM 582834107 66 1475 SH DEFINED 0103 1475
MEDCO CONTAINMENT CONV BOND 583905AC8 3463 2500000 PRN DEFINED 0107 2500000
MEDAPHIS CORP 144A CONV BOND 584028AA2 15570 12000000 PRN DEFINED 011516 12000000
MEDAPHIS CORP COM 584028104 9900 300000 SH DEFINED 011516 300000
MEDAPHIS CORP COM 584028104 3300 100000 SH DEFINED 011619 100000
MEDICAL CARE INTL CONV BOND 584505AC5 18350 20000000 PRN DEFINED 0130 20000000
MEDICAL CARE INTL CONV BOND 584505AC5 5964 6500000 PRN DEFINED 0124 6500000
MEDITRUST COM 58501T108 3870 120000 SH DEFINED 0132 120000
MEDITRUST COM 58501T108 1613 50000 SH DEFINED 0107 50000
MEDITRUST COM 58501T108 5160 160000 SH DEFINED 01 160000
MEDSTAT GROUP INC COM 585051105 4350 300000 SH DEFINED 011516 300000
MEDTRONIC COM 585055106 24638 300000 SH DEFINED 0126 300000
MEDTRONIC COM 585055106 16425 200000 SH DEFINED 0124 200000
MEDTRONIC COM 585055106 2143 26100 SH DEFINED 0125 26100
MEDTRONIC COM 585055106 3285 40000 SH DEFINED 011622 40000
MEDTRONIC COM 585055106 6981 85000 SH DEFINED 011623 85000
MEDTRONIC COM 585055106 7845 95516 SH DEFINED 0102 9900 85616
MEDTRONIC COM 585055106 7391 90000 SH DEFINED 0131 90000
MEDTRONIC COM 585055106 991 12066 SH DEFINED 0103 12066
MEDTRONIC COM 585055106 1996 24300 SH DEFINED 01 24300
MELLON BANK CORP COM 585509102 21200 400000 SH DEFINED 0130 400000
MELLON BANK CORP COM 585509102 83 1567 SH DEFINED 0103 1567
MELVILLE CORP COM 585745102 23359 575000 SH DEFINED 0113 575000
MELVILLE CORP COM 585745102 792 19500 SH DEFINED 0125 19500
MELVILLE CORP COM 585745102 110 2700 SH DEFINED 0102 2700
MELVILLE CORP COM 585745102 8734 215000 SH DEFINED 0131 215000
MELVILLE CORP COM 585745102 856 21056 SH DEFINED 0103 21056
MENS WEARHOUSE INC COM 587118100 1958 60000 SH DEFINED 0106 60000
MENS WEARHOUSE INC COM 587118100 1697 52000 SH DEFINED 011614 52000
MENS WEARHOUSE INC COM 587118100 2447 75000 SH DEFINED 0131 75000
MERCANTILE BANCORPOR COM 587342106 5641 125000 SH DEFINED 0128 125000
MERCANTILE BANCORPOR COM 587342106 3384 75000 SH DEFINED 0106 75000
MERCANTILE BANCORPOR COM 587342106 2933 65000 SH DEFINED 011614 65000
MERCANTILE BANCORPOR COM 587342106 11282 250000 SH DEFINED 0131 250000
MERCANTILE BANCORPOR COM 587342106 361 8000 SH DEFINED 0103 8000
MERCANTILE STORES COM 587533100 21750 600000 SH DEFINED 0113 600000
<PAGE> PAGE 43
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MERCANTILE STORES COM 587533100 7250 200000 SH DEFINED 0131 200000
MERCANTILE STORES COM 587533100 395 10884 SH DEFINED 0103 10884
MERCK COM 589331107 1091 31742 SH DEFINED 0103 31742
MERCURY FINANCE CO COM 589395102 2869 150000 SH DEFINED 011619 150000
MERCURY FINANCE CO COM 589395102 17467 913330 SH DEFINED 0102 913330
MERCURY FINANCE CO COM 589395102 337 17600 SH DEFINED 0103 17600
MERCURY GENERAL CORP COM 589400100 2700 90000 SH DEFINED 0106 90000
MERCURY GENERAL CORP COM 589400100 2100 70000 SH DEFINED 011614 70000
MEREDITH CORP COM 589433101 16 393 SH DEFINED 0103 393
MERIDIAN BANCORP INC COM 589580109 2850 100000 SH DEFINED 0107 100000
MERRILL LYNCH & CO COM 590188108 7350 175000 SH DEFINED 0108 175000
MERRILL LYNCH & CO COM 590188108 36960 880000 SH DEFINED 0126 880000
MERRILL LYNCH & CO COM 590188108 25200 600000 SH DEFINED 0111 600000
MERRILL LYNCH & CO COM 590188108 3360 80000 SH DEFINED 011622 80000
MERRILL LYNCH & CO COM 590188108 7476 178000 SH DEFINED 011623 178000
MERRILL LYNCH & CO COM 590188108 10825 257755 SH DEFINED 0102 120400 137355
MERRILL LYNCH & CO COM 590188108 273 6501 SH DEFINED 0103 6501
MERRY LAND & INVT CO COM 590438107 3000 150000 SH DEFINED 0130 150000
MERRY LAND & INVT CO COM 590438107 2000 100000 SH DEFINED 0132 100000
MERRY LAND & INVT CO COM 590438107 2000 100000 SH DEFINED 0107 100000
MERRY LAND & INVT CO COM 590438107 1000 50000 SH DEFINED 011618 50000
MESA AIRLINES COM 590481107 4438 250000 SH DEFINED 0106 250000
MESA AIRLINES COM 590481107 10650 600000 SH DEFINED 0111 600000
MESA AIRLINES COM 590481107 8343 470000 SH DEFINED 011618 470000
MESA AIRLINES COM 590481107 1154 65000 SH DEFINED 011619 65000
MESA AIRLINES COM 590481107 3018 170000 SH DEFINED 011614 170000
MESA AIRLINES COM 590481107 12442 701000 SH DEFINED 0102 701000
MESA AIRLINES COM 590481107 5769 325000 SH DEFINED 0131 325000
MESA AIRLINES COM 590481107 222 12500 SH DEFINED 0103 12500
METHODE ELEC COM 591520200 1078 75000 SH DEFINED 011620 75000
METROPOLITAN FINL CO COM 591908108 3607 218600 SH DEFINED 0111 218600
MICHIGAN NATIONAL CO COM 594563108 2875 50000 SH DEFINED 0107 50000
MICROSOFT COM 594918104 10078 125000 SH DEFINED 0130 125000
MICROSOFT COM 594918104 38700 480000 SH DEFINED 0126 480000
MICROSOFT COM 594918104 4838 60000 SH DEFINED 0106 60000
MICROSOFT COM 594918104 28219 350000 SH DEFINED 0111 350000
MICROSOFT COM 594918104 24188 300000 SH DEFINED 0124 300000
MICROSOFT COM 594918104 2620 32500 SH DEFINED 011622 32500
MICROSOFT COM 594918104 5644 70000 SH DEFINED 011623 70000
MICROSOFT COM 594918104 42731 530000 SH DEFINED 011516 530000
MICROSOFT COM 594918104 13303 165000 SH DEFINED 011618 165000
MICROSOFT COM 594918104 4031 50000 SH DEFINED 011614 50000
MICROSOFT COM 594918104 73922 916963 SH DEFINED 0102 342900 574063
MICROSOFT COM 594918104 6450 80000 SH DEFINED 0131 80000
MICROSOFT COM 594918104 3628 45000 SH DEFINED 0103 45000
MICROSOFT COM 594918104 14271 177000 SH DEFINED 01 177000
MID AM INC $25 SER A CONV PFD STOCK 594930208 1165 40000 SH DEFINED 0107 40000
MICRO-CHIP COM 595017104 2340 60000 SH DEFINED 0106 60000
MICRO-CHIP COM 595017104 1365 35000 SH DEFINED 011619 35000
MICRO-CHIP COM 595017104 1170 30000 SH DEFINED 011620 30000
<PAGE> PAGE 44
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MICRO-CHIP COM 595017104 6240 160000 SH DEFINED 011614 160000
MICRO-CHIP COM 595017104 2769 71000 SH DEFINED 01 71000
MID ATLANTIC MEDICAL COM 59523C107 3203 125000 SH DEFINED 0130 125000
MID ATLANTIC COM 595232109 2281 250000 SH DEFINED 0107 250000
MIDLANTIC CORP INC COM 59780E101 893 35000 SH DEFINED 011620 35000
MIDWEST RES COM 598374106 2700 150000 SH DEFINED 0132 150000
MILLIPORE CORP COM 601073109 28 688 SH DEFINED 0103 688
MN MINING & MFG CO COM 604059105 600 5521 SH DEFINED 0103 5521
MN P & L 144A $100 PREFERRED STOCK 6041109C2 5000 50000 SH DEFINED 0105 50000
MN P & L 144A $100 PREFERRED STOCK 6041109C2 3000 30000 SH DEFINED 01 30000
MN P&L 144A 6.70 PREFERRED STOCK 604110999 10500 100000 SH DEFINED 0105 100000
MRS FIELDS COM 60650*990 605 20176717 SH DEFINED 0105 20176717
MITEK SURICAL PROD COM 60671F108 1550 72100 SH DEFINED 0106 72100
MITEK SURICAL PROD COM 60671F108 1075 50000 SH DEFINED 011614 50000
MITEL CORP COM 606711109 1352 230200 SH DEFINED 0106 230200
MITEL CORP COM 606711109 1237 210600 SH DEFINED 011614 210600
MITEL CORP COM 606711109 1763 300000 SH DEFINED 0131 300000
MOBIL COM 607059102 25675 325000 SH DEFINED 0113 325000
MOBIL COM 607059102 4740 60000 SH DEFINED 0107 60000
MOBIL COM 607059102 9480 120000 SH DEFINED 011618 120000
MOBIL COM 607059102 101743 1287869 SH DEFINED 0102 479550 808319
MOBIL COM 607059102 9875 125000 SH DEFINED 0131 125000
MOBIL COM 607059102 6163 78031 SH DEFINED 0103 62000 16031
MOBIL COM 607059102 2212 28000 SH DEFINED 01 28000
MOBILE TELE TECH CP COM 607406105 2183 90000 SH DEFINED 0106 90000
MOBILE TELE TECH CP COM 607406105 4850 200000 SH DEFINED 0111 200000
MOBILE TELE TECH CP COM 607406105 1698 70000 SH DEFINED 011614 70000
MOBILE TELE TECH CP COM 607406105 2789 115000 SH DEFINED 0131 115000
MOLECULAR DYNAMICS COM 608514105 1645 140000 SH DEFINED 0106 140000
MOLECULAR DYNAMICS COM 608514105 1293 110000 SH DEFINED 011614 110000
MOLECULAR DYNAMICS COM 608514105 2314 196700 SH DEFINED 0102 196700
MOLECULAR DYNAMICS COM 608514105 283 24100 SH DEFINED 0131 24100
MOLECULAR DYNAMICS COM 608514105 47 4000 SH DEFINED 0103 4000
MOLEX INC CL A COM 608554200 34 1000 SH DEFINED 0102 1000
MOLTEN METAL TECH COM 608712105 1163 50000 SH DEFINED 0106 50000
MOLTEN METAL TECH COM 608712105 2325 100000 SH DEFINED 0107 100000
MOLTEN METAL TECH COM 608712105 977 42000 SH DEFINED 011614 42000
MOLTEN METAL TECH COM 608712105 1511 65000 SH DEFINED 0131 65000
MONSANTO COMPANY COM 611662107 224 3049 SH DEFINED 0103 3049
MOORE CORP COM 615785102 17213 900000 SH DEFINED 0113 900000
MOORE CORP COM 615785102 1913 100000 SH DEFINED 0107 100000
MOORE CORP COM 615785102 47 2458 SH DEFINED 0103 2458
JP MORGAN & CO INC COM 616880100 28 400 SH DEFINED 0102 400
JP MORGAN & CO INC COM 616880100 341 4919 SH DEFINED 0103 4919
MORGAN STANLEY GROUP COM 617446109 7075 100000 SH DEFINED 0108 100000
MORGAN STANLEY GROUP COM 617446109 24763 350000 SH DEFINED 0124 350000
MORRISON KNUDSEN CP COM 618447106 20 787 SH DEFINED 0103 787
MORTON INTERNATIONAL COM 619331101 19 200 SH DEFINED 0102 200
MORTON INTERNATIONAL COM 619331101 120 1280 SH DEFINED 0103 1280
MOTOR COACH INDS INT COM 619848104 7563 500000 SH DEFINED 0124 500000
<PAGE> PAGE 45
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
MOTOROLA INC LYON CONV BOND 620076AJ8 5006 7500000 PRN DEFINED 011618 7500000
MOTOROLA COM 620076109 115469 1250000 SH DEFINED 0126 1250000
MOTOROLA COM 620076109 36950 400000 SH DEFINED 0111 400000
MOTOROLA COM 620076109 18475 200000 SH DEFINED 0124 200000
MOTOROLA COM 620076109 2457 26600 SH DEFINED 0125 26600
MOTOROLA COM 620076109 6928 75000 SH DEFINED 011622 75000
MOTOROLA COM 620076109 16166 175000 SH DEFINED 011623 175000
MOTOROLA COM 620076109 11547 125000 SH DEFINED 011516 125000
MOTOROLA COM 620076109 11085 120000 SH DEFINED 011618 120000
MOTOROLA COM 620076109 79317 858707 SH DEFINED 0102 312600 546107
MOTOROLA COM 620076109 5149 55736 SH DEFINED 0103 38050 17686
MOTOROLA COM 620076109 3131 33900 SH DEFINED 01 33900
MULTIMEDIA INC NEW COM 62545K107 6850 200000 SH DEFINED 0108 200000
MULTIMEDIA INC NEW COM 62545K107 20550 600000 SH DEFINED 0126 600000
MULTIMEDIA INC NEW COM 62545K107 5651 165000 SH DEFINED 0106 165000
MULTIMEDIA INC NEW COM 62545K107 4453 130000 SH DEFINED 011614 130000
MULTIMEDIA INC NEW COM 62545K107 16581 484100 SH DEFINED 0102 484100
MULTIMEDIA INC NEW COM 62545K107 7535 220000 SH DEFINED 0131 220000
MULTIMEDIA INC NEW COM 62545K107 308 9000 SH DEFINED 0103 9000
MUSICLAND INC COM 62758B109 4669 225000 SH DEFINED 0128 225000
MUSICLAND INC COM 62758B109 3113 150000 SH DEFINED 0106 150000
MUSICLAND INC COM 62758B109 10375 500000 SH DEFINED 011516 500000
MUSICLAND INC COM 62758B109 1204 58000 SH DEFINED 011619 58000
MUSICLAND INC COM 62758B109 2490 120000 SH DEFINED 011614 120000
MUSICLAND INC COM 62758B109 10383 500400 SH DEFINED 0102 500400
MUSICLAND INC COM 62758B109 10968 528600 SH DEFINED 0131 528600
MUSICLAND INC COM 62758B109 543 26200 SH DEFINED 0103 9800 16400
MUTUAL RISK COM 628351108 19942 667500 SH DEFINED 011516 667500
MUTUAL RISK COM 628351108 747 25000 SH DEFINED 011620 25000
NBD BANCORP COM 628900102 122 4132 SH DEFINED 0103 4132
NIPSCO COM 629140104 8548 260000 SH DEFINED 0132 260000
NIPSCO COM 629140104 16 500 SH DEFINED 0102 500
NL INDUSTRIES INC COM 629156407 6 1278 SH DEFINED 0103 1278
NACCO IND CL A COM 629579103 10 196 SH DEFINED 0103 196
NALCO CHEMICAL COM 629853102 11250 300000 SH DEFINED 0130 300000
NALCO CHEMICAL COM 629853102 66 1770 SH DEFINED 0103 1770
NATIONAL CITY CORP COM 635405103 19600 800000 SH DEFINED 0113 800000
NATIONAL CITY CORP COM 635405103 3063 125000 SH DEFINED 0107 125000
NATL CITY CORP $50 CONV PFD STOCK 635405509 3425 50000 SH DEFINED 0107 50000
NATIONAL EDUCATION COM 635771108 4 687 SH DEFINED 0103 687
NATL ENT 4.75 CONV BOND 635819AA3 1 20000 PRN DEFINED 0102 20000
NATIONAL FUEL GAS CO COM 636180101 6800 200000 SH DEFINED 0132 200000
NATIONAL GOLF COM 63623G109 4375 200000 SH DEFINED 011618 200000
NATL INTERGROUP INC COM 636540106 7 492 SH DEFINED 0103 492
NATL MED ENTERPRISE COM 636886103 59 4230 SH DEFINED 0103 4230
NATL PRESTO IND COM 637215104 4957 103000 SH DEFINED 0128 103000
NATL PRESTO IND COM 637215104 3609 75000 SH DEFINED 0131 75000
NATL PRESTO IND COM 637215104 202 4200 SH DEFINED 0103 4200
NATIONAL RE CORP COM 637340209 1085 35000 SH DEFINED 011620 35000
NATIONAL RE CORP COM 637340209 2201 71000 SH DEFINED 01 71000
<PAGE> PAGE 46
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NATL SEMICONDUCTOR COM 637640103 43 2655 SH DEFINED 0103 2655
NATL SERVICES IND COM 637657107 33 1279 SH DEFINED 0103 1279
NAT CORP HOUSING COM 637995994 100 500 SH DEFINED 01 500
NATIONS BANK COM 638585109 26950 550000 SH DEFINED 0130 550000
NATIONS BANK COM 638585109 17150 350000 SH DEFINED 0113 350000
NATIONS BANK COM 638585109 12250 250000 SH DEFINED 0124 250000
NATIONS BANK COM 638585109 833 17000 SH DEFINED 0125 17000
NATIONS BANK COM 638585109 4900 100000 SH DEFINED 0107 100000
NATIONS BANK COM 638585109 1103 22500 SH DEFINED 011620 22500
NATIONS BANK COM 638585109 41811 853274 SH DEFINED 0102 380700 472574
NATIONS BANK COM 638585109 7938 162000 SH DEFINED 0131 162000
NATIONS BANK COM 638585109 3357 68518 SH DEFINED 0103 47000 21518
NATIONS BANK COM 638585109 2715 55400 SH DEFINED 01 55400
NAVISTAR INTL CORP COM 63934E108 12 500 SH DEFINED 0125 500
NAVISTAR INTL CORP COM 63934E108 3 130 SH DEFINED 0102 130
NAVISTAR INTL CORP COM 63934E108 2548 107838 SH DEFINED 0103 107838
NELSON (THOMAS) INC COM 640376109 3031 125000 SH DEFINED 0111 125000
NETFRAME SYSTEM COM 641106109 2501 145000 SH DEFINED 0106 145000
NETFRAME SYSTEM COM 641106109 690 40000 SH DEFINED 011619 40000
NETFRAME SYSTEM COM 641106109 1811 105000 SH DEFINED 011614 105000
NETFRAME SYSTEM COM 641106109 3019 175000 SH DEFINED 0131 175000
NEW ENGLAND BUS SERV COM 643872104 3544 175000 SH DEFINED 0128 175000
NEW ENGLAND BUS SERV COM 643872104 1215 60000 SH DEFINED 0107 60000
NEW ENGLAND ELEC SYS COM 644001109 4499 115000 SH DEFINED 0132 115000
NJ NATL GAS 100 144A PREFERRED STOCK 645869207 20500 200000 SH DEFINED 0105 200000
NEW JERSEY RESOURCES COM 646025106 3881 150000 SH DEFINED 0128 150000
NEW JERSEY RESOURCES COM 646025106 7763 300000 SH DEFINED 0132 300000
NEW JERSEY RESOURCES COM 646025106 2588 100000 SH DEFINED 0107 100000
NEW JERSEY RESOURCES COM 646025106 1656 64000 SH DEFINED 01 49000 15000
NEW YORK ST EL & GAS COM 649840105 18450 600000 SH DEFINED 0113 600000
NEW YORK ST EL & GAS COM 649840105 6150 200000 SH DEFINED 0132 200000
NEW YORK TIMES CLA COM 650111107 71 2698 SH DEFINED 0103 2698
NEW BRIDGE NETWORKS COM 650901101 5475 100000 SH DEFINED 0106 100000
NEW BRIDGE NETWORKS COM 650901101 4599 84000 SH DEFINED 011614 84000
NEW BRIDGE NETWORKS COM 650901101 9401 171700 SH DEFINED 0102 171700
NEW BRIDGE NETWORKS COM 650901101 7118 130000 SH DEFINED 0131 130000
NEW BRIDGE NETWORKS COM 650901101 219 4000 SH DEFINED 0103 4000
NEWELL CO COM 651192106 79 1967 SH DEFINED 0103 1967
NEWELL CO COM 651192106 2019 50000 SH DEFINED 01 50000
NEWMONT GOLD CORP COM 651637100 184 3900 SH DEFINED 0102 3900
NEWMONT MINING COM 651639106 576 10000 SH DEFINED 0127 10000
NEWMONT MINING COM 651639106 102 1771 SH DEFINED 0103 1771
NEWS CORP LTD ADR COM 652487703 52750 1000000 SH DEFINED 0126 1000000
NEWS CORP LTD ADR COM 652487703 5275 100000 SH DEFINED 0111 100000
NEWS CORP LTD ADR COM 652487703 3693 70000 SH DEFINED 011622 70000
NEWS CORP LTD ADR COM 652487703 8440 160000 SH DEFINED 011623 160000
NEWS CORP LTD ADR COM 652487703 9822 186200 SH DEFINED 011516 186200
NEWS CORP LTD ADR COM 652487703 10550 200000 SH DEFINED 011618 200000
NEWS CORP LTD ADR COM 652487703 3 64 SH DEFINED 0102 64
NEWS CORP LTD ADR COM 652487703 12956 245600 SH DEFINED 01 245600
<PAGE> PAGE 47
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NEXTEL COMMUNICATION COM 65332V103 11175 300000 SH DEFINED 011516 300000
NIAGARA MOHAWK $25 PREFERRED STOCK 65352E9A6 2003 78750 SH DEFINED 0105 78750
NIAGARA MOHAWK POWER COM 653522102 72 3540 SH DEFINED 0103 3540
NIAGARA MOHAWK POWER PREFERRED STOCK 653522821 3535 126243 SH DEFINED 0105 126243
NIAGARA MOHAWK POWER PREFERRED STOCK 653522821 336 12010 SH DEFINED 01 12010
NIAGARA MOHAWK SER C PREFERRED STOCK 653522839 1281 50000 SH DEFINED 01 50000
NIAGARA MOHAWK $25 B PREFERRED STOCK 653522847 7131 288113 SH DEFINED 0105 288113
NIAGARA MOHAWK $25 B PREFERRED STOCK 653522847 1635 66062 SH DEFINED 01 66062
NICOR COM 654086107 4900 175000 SH DEFINED 0132 175000
NICOR COM 654086107 41 1477 SH DEFINED 0103 1477
NIKE INC CL B COM 654106103 376 8100 SH DEFINED 0125 8100
NIKE INC CL B COM 654106103 51 1100 SH DEFINED 0102 1100
NIKE INC CL B COM 654106103 244 5268 SH DEFINED 0103 5268
NOISE CANCELLATION COM 655279107 2056 700000 SH DEFINED 011614 700000
NORDSON CORP COM 655663102 16125 300000 SH DEFINED 011516 300000
NORDSTROM INC COM 655664100 9900 300000 SH DEFINED 0124 300000
NORDSTROM INC COM 655664100 9900 300000 SH DEFINED 0131 300000
NORDSTROM INC COM 655664100 566 17166 SH DEFINED 0103 17166
NORFOLK SOUTHERN CO COM 655844108 345 4900 SH DEFINED 0125 4900
NORFOLK SOUTHERN CO COM 655844108 49 700 SH DEFINED 0102 700
NORFOLK SOUTHERN CO COM 655844108 391 5541 SH DEFINED 0103 5541
NORTH AMERICAN MTG C COM 657037107 12688 500000 SH DEFINED 011516 500000
NORTH AMERICAN MTG C COM 657037107 1269 50000 SH DEFINED 0131 50000
NORTH AMERICAN MTG C COM 657037107 368 14500 SH DEFINED 0103 14500
NORTHEAST UTILITIES COM 664397106 17813 750000 SH DEFINED 0113 750000
NORTHEAST UTILITIES COM 664397106 7125 300000 SH DEFINED 0132 300000
NORTHRN ST PWR CO MN COM 665772109 68 1572 SH DEFINED 0103 1572
NORTHRN TELECOM COM 665815106 7719 250000 SH DEFINED 011618 250000
NORTHRN TELECOM COM 665815106 197 6395 SH DEFINED 0103 6395
NORTHERN TRUST CORP COM 665859104 8916 225000 SH DEFINED 0108 225000
NORTHERN TRUST CORP COM 665859104 43588 1100000 SH DEFINED 011516 1100000
NORTHERN TRUST CORP COM 665859104 1 30 SH DEFINED 0102 30
NORTHROP COM 666807102 29900 800000 SH DEFINED 0130 800000
NORTHROP COM 666807102 18314 490000 SH DEFINED 0113 490000
NORTHROP COM 666807102 4298 115000 SH DEFINED 0128 115000
NORTHROP COM 666807102 4672 125000 SH DEFINED 0107 125000
NORTHROP COM 666807102 14950 400000 SH DEFINED 011516 400000
NORTHROP COM 666807102 9344 250000 SH DEFINED 011618 250000
NORTHROP COM 666807102 44 1180 SH DEFINED 0103 1180
NORTHROP COM 666807102 5884 157400 SH DEFINED 01 157400
NORWEST CORP COM 669380107 2043 83800 SH DEFINED 0126 83800
NORWEST CORP COM 669380107 9750 400000 SH DEFINED 0111 400000
NORWEST CORP COM 669380107 436 17900 SH DEFINED 011622 17900
NORWEST CORP COM 669380107 948 38900 SH DEFINED 011623 38900
NORWEST CORP COM 669380107 182 7478 SH DEFINED 0103 7478
NOVELL INC COM 670006105 2490 120000 SH DEFINED 0106 120000
NOVELL INC COM 670006105 10375 500000 SH DEFINED 0124 500000
NOVELL INC COM 670006105 830 40000 SH DEFINED 011620 40000
NOVELL INC COM 670006105 1556 75000 SH DEFINED 011614 75000
NOVELL INC COM 670006105 91 4400 SH DEFINED 0102 4400
<PAGE> PAGE 48
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
NOVELL INC COM 670006105 3113 150000 SH DEFINED 0131 150000
NOVELL INC COM 670006105 159 7673 SH DEFINED 0103 7673
NUCOR CORP COM 670346105 14310 270000 SH DEFINED 0108 270000
NUCOR CORP COM 670346105 21200 400000 SH DEFINED 0111 400000
NUCOR CORP COM 670346105 3180 60000 SH DEFINED 011622 60000
NUCOR CORP COM 670346105 6890 130000 SH DEFINED 011623 130000
NUCOR CORP COM 670346105 45961 867118 SH DEFINED 0102 309500 557618
NUCOR CORP COM 670346105 2230 42064 SH DEFINED 0103 39900 2164
NUCOR CORP COM 670346105 6201 117000 SH DEFINED 01 117000
NYNEX COM 670768100 6019 150000 SH DEFINED 0132 150000
NYNEX COM 670768100 426 10626 SH DEFINED 0103 10626
OEA INC COM 670826106 2838 100000 SH DEFINED 0106 100000
OEA INC COM 670826106 1703 60000 SH DEFINED 011614 60000
OEA INC COM 670826106 5394 190100 SH DEFINED 0102 190100
OEA INC COM 670826106 3121 110000 SH DEFINED 0131 110000
OEA INC COM 670826106 704 24800 SH DEFINED 0103 24800
OASIS COM 674216106 1990 80000 SH DEFINED 011618 80000
OCCIDENTAL PETROLEUM COM 674599105 18838 1100000 SH DEFINED 0130 1100000
OCCIDENTAL PETROLEUM COM 674599105 22263 1300000 SH DEFINED 0113 1300000
OCCIDENTAL PETROLEUM COM 674599105 5138 300000 SH DEFINED 0132 300000
OCCIDENTAL PETROLEUM COM 674599105 18838 1100000 SH DEFINED 0124 1100000
OCCIDENTAL PETROLEUM COM 674599105 1082 63200 SH DEFINED 0125 63200
OCCIDENTAL PETROLEUM COM 674599105 2740 160000 SH DEFINED 0107 160000
OCCIDENTAL PETROLEUM COM 674599105 302 17630 SH DEFINED 0102 17630
OCCIDENTAL PETROLEUM COM 674599105 6850 400000 SH DEFINED 0131 400000
OCCIDENTAL PETROLEUM COM 674599105 864 50471 SH DEFINED 0103 50471
OCCID PETRO 144A $50 CONV PFD STOCK 674599824 2112 41000 SH DEFINED 0129 41000
OCCID PETRO 144A $50 CONV PFD STOCK 674599824 2833 55000 SH DEFINED 0104 55000
OCCID PETRO 144A $50 CONV PFD STOCK 674599824 1700 33000 SH DEFINED 0109 33000
OCCID PETRO 144A $50 CONV PFD STOCK 674599824 1597 31000 SH DEFINED 011621 31000
OCCID PETRO 144A $50 CONV PFD STOCK 674599824 721 14000 SH DEFINED 0131 14000
OCEANEERING INT'L COM 675232102 3406 250000 SH DEFINED 0108 250000
OCEANEERING INT'L COM 675232102 4242 311300 SH DEFINED 0102 311300
OCEANEERING INT'L COM 675232102 84 6200 SH DEFINED 0103 6200
OCTUS INC COM 675742209 585 65000 SH DEFINED 0106 65000
OCTUS INC COM 675742209 315 35000 SH DEFINED 011614 35000
OFFICE DEP PUT 11/00 CONV BOND 676220AB2 1438 2500000 PRN DEFINED 0104 2500000
OFFICE DEPOT INC COM 676220106 26900 800000 SH DEFINED 0126 800000
OFFICE DEPOT INC COM 676220106 16813 500000 SH DEFINED 0111 500000
OFFICE DEPOT INC COM 676220106 3026 90000 SH DEFINED 011622 90000
OFFICE DEPOT INC COM 676220106 6725 200000 SH DEFINED 011623 200000
OFFICE DEPOT INC COM 676220106 13450 400000 SH DEFINED 011516 400000
OFFICE DEPOT INC COM 676220106 1674 49815 SH DEFINED 0102 49815
OFFICE DEPOT INC COM 676220106 3699 110000 SH DEFINED 0131 110000
OFFICE DEPOT INC COM 676220106 4088 121582 SH DEFINED 0103 121582
OGDEN CORP COM 676346109 25 1081 SH DEFINED 0103 1081
OGF ORD COM 676400997 735 6400 SH DEFINED 0131 6400
OGF ORD COM 676400997 34 300 SH DEFINED 0103 300
OHIO CASUALTY CORP COM 677240103 12750 200000 SH DEFINED 0113 200000
OHIO EDISON COM 677347106 90 3935 SH DEFINED 0103 3935
<PAGE> PAGE 49
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
OLIN COM 680665205 19750 400000 SH DEFINED 0113 400000
OLIN COM 680665205 3703 75000 SH DEFINED 0107 75000
OLIN COM 680665205 7979 161600 SH DEFINED 0131 161600
OLIN COM 680665205 494 10000 SH DEFINED 0103 10000
OLSTEN CORP COM 681385100 19094 650000 SH DEFINED 0126 650000
OLSTEN CORP COM 681385100 17320 589600 SH DEFINED 0111 589600
OLSTEN CORP COM 681385100 9694 330000 SH DEFINED 011618 330000
OLSTEN CORP COM 681385100 12717 432900 SH DEFINED 0102 432900
OLSTEN CORP COM 681385100 206 7000 SH DEFINED 0103 7000
OMNICOM GROUP 144A CONV BOND 681919AB2 3173 3000000 PRN DEFINED 0104 3000000
OMNICOM GROUP 144A CONV BOND 681919AB2 2115 2000000 PRN DEFINED 011621 2000000
OMNICOM GROUP 144A CONV BOND 681919AB2 1586 1500000 PRN DEFINED 0131 1500000
OMEGA HEALTH CARE COM 681936100 3788 150000 SH DEFINED 0132 150000
ONEOK INC COM 682678107 13 688 SH DEFINED 0103 688
ORACLE SYSTEMS CORP COM 68389X105 57500 2000000 SH DEFINED 0126 2000000
ORACLE SYSTEMS CORP COM 68389X105 12075 420000 SH DEFINED 0106 420000
ORACLE SYSTEMS CORP COM 68389X105 28750 1000000 SH DEFINED 0111 1000000
ORACLE SYSTEMS CORP COM 68389X105 4313 150000 SH DEFINED 011622 150000
ORACLE SYSTEMS CORP COM 68389X105 9660 336000 SH DEFINED 011623 336000
ORACLE SYSTEMS CORP COM 68389X105 9919 345000 SH DEFINED 011614 345000
ORACLE SYSTEMS CORP COM 68389X105 174 6000 SH DEFINED 0102 6000
ORACLE SYSTEMS CORP COM 68389X105 17250 600000 SH DEFINED 0131 600000
ORACLE SYSTEMS CORP COM 68389X105 208 7218 SH DEFINED 0103 7218
ORANGE ROCKLAND$100 PREFERRED STOCK 6848679A4 2686 26171 SH DEFINED 0105 26171
OREGON STEEL MLS INC COM 686079104 12563 500000 SH DEFINED 0124 500000
ORYX ENERGY CO COM 68763F100 576 33400 SH DEFINED 0125 33400
ORYX ENERGY CO COM 68763F100 79 4600 SH DEFINED 0102 4600
ORYX ENERGY CO COM 68763F100 277 16059 SH DEFINED 0103 16059
OSHKOSH B-GOSH CLA COM 688222207 8 394 SH DEFINED 0103 394
OUTBACK STEAKHOUSE COM 689899102 3454 90000 SH DEFINED 0106 90000
OUTBACK STEAKHOUSE COM 689899102 2686 70000 SH DEFINED 011614 70000
OUTBACK STEAKHOUSE COM 689899102 7318 190700 SH DEFINED 0102 190700
OUTBACK STEAKHOUSE COM 689899102 130 3400 SH DEFINED 0103 3400
OUTBOARD MARINE COM 690020102 11 491 SH DEFINED 0103 491
OWENS CORNIG FIB NEW COM 690734207 48 1082 SH DEFINED 0103 1082
PLC SYSTEMS COM 69341D104 1344 250000 SH DEFINED 0106 250000
PLC SYSTEMS COM 69341D104 806 150000 SH DEFINED 011614 150000
PNC FINL CORP COM 693475105 17400 600000 SH DEFINED 0113 600000
PNC FINL CORP COM 693475105 412 14200 SH DEFINED 0125 14200
PNC FINL CORP COM 693475105 58 2000 SH DEFINED 0102 2000
PNC FINL CORP COM 693475105 345 11902 SH DEFINED 0103 11902
PPG INDUSTRIES INC COM 693506107 201 2655 SH DEFINED 0103 2655
PG PARTNERS WARRANTS COM 693625998 0 42418 SH DEFINED 0109 42418
PSI ENERGY 7.15 PFD PREFERRED STOCK 693627507 764 8000 SH DEFINED 0116 8000
PSI RESOURCES INC COM 693632101 19 700 SH DEFINED 0102 700
PSI RESOURCES INC COM 693632101 36 1376 SH DEFINED 0103 1376
PACCAR INC COM 693718108 18375 300000 SH DEFINED 0111 300000
PACCAR INC COM 693718108 111 1800 SH DEFINED 0102 1800
PACCAR INC COM 693718108 54 886 SH DEFINED 0103 886
PACIFIC ENTERPRISES COM 694232109 49 2065 SH DEFINED 0103 2065
<PAGE> PAGE 50
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PACIFIC GAS & ELEC COM 694308107 99 2800 SH DEFINED 0102 2800
PACIFIC GAS & ELEC COM 694308107 387 11018 SH DEFINED 0103 11018
PACIFIC GAS & ELEC PREFERRED STOCK 694308693 13584 525000 SH DEFINED 0105 525000
PACIFIC TELESIS COM 694890104 27000 500000 SH DEFINED 0130 500000
PACIFIC TELESIS COM 694890104 9450 175000 SH DEFINED 0108 175000
PACIFIC TELESIS COM 694890104 54000 1000000 SH DEFINED 0126 1000000
PACIFIC TELESIS COM 694890104 16200 300000 SH DEFINED 0132 300000
PACIFIC TELESIS COM 694890104 10800 200000 SH DEFINED 0124 200000
PACIFIC TELESIS COM 694890104 4050 75000 SH DEFINED 0125 75000
PACIFIC TELESIS COM 694890104 4050 75000 SH DEFINED 0107 75000
PACIFIC TELESIS COM 694890104 3780 70000 SH DEFINED 011622 70000
PACIFIC TELESIS COM 694890104 8586 159000 SH DEFINED 011623 159000
PACIFIC TELESIS COM 694890104 148082 2742248 SH DEFINED 0102 925100 1817148
PACIFIC TELESIS COM 694890104 12150 225000 SH DEFINED 0131 225000
PACIFIC TELESIS COM 694890104 9060 167772 SH DEFINED 0103 114900 52872
PACIFIC TELESIS COM 694890104 9839 182200 SH DEFINED 01 182200
PACIFICARE HEALTHCLB COM 695110205 5568 147500 SH DEFINED 011618 147500
PACIFICORP COM 695114108 7700 400000 SH DEFINED 0132 400000
PACIFICORP COM 695114108 133 6885 SH DEFINED 0103 6885
PACIFICORP $100 PAR PREFERRED STOCK 695114678 16463 150000 SH DEFINED 0105 150000
PACIFICORP $100 PAR PREFERRED STOCK 695114678 9493 86500 SH DEFINED 0116 86500
PACIFICORP $100 PAR PREFERRED STOCK 695114678 1098 10000 SH DEFINED 0116 10000
PAINE WEBBER COM 695629105 7425 275000 SH DEFINED 0108 275000
PAINEWEBBER MASTER COM 695910885 1 118 SH DEFINED 01 118
PALL CORP COM 696429307 8269 450001 SH DEFINED 0108 450001
PALL CORP COM 696429307 56 3050 SH DEFINED 0103 3050
PANHANDLE EASTERN COM 698462108 70 2950 SH DEFINED 0103 2950
PARAMETRIC TECH CORP COM 699173100 6781 175000 SH DEFINED 0108 175000
PARAMETRIC TECH CORP COM 699173100 13175 340000 SH DEFINED 0126 340000
PARAMETRIC TECH CORP COM 699173100 9688 250000 SH DEFINED 0106 250000
PARAMETRIC TECH CORP COM 699173100 659 17000 SH DEFINED 011619 17000
PARAMETRIC TECH CORP COM 699173100 7363 190000 SH DEFINED 011614 190000
PARAMETRIC TECH CORP COM 699173100 25560 659600 SH DEFINED 0102 659600
PARAMETRIC TECH CORP COM 699173100 12400 320000 SH DEFINED 0131 320000
PARAMETRIC TECH CORP COM 699173100 446 11500 SH DEFINED 0103 11500
PARAMOUNT COMMUNICAT COM 699216107 30950 400000 SH DEFINED 0126 400000
PARAMOUNT COMMUNICAT COM 699216107 495 6400 SH DEFINED 0125 6400
PARAMOUNT COMMUNICAT COM 699216107 15475 200000 SH DEFINED 011516 200000
PARAMOUNT COMMUNICAT COM 699216107 15475 200000 SH DEFINED 011618 200000
PARAMOUNT COMMUNICAT COM 699216107 70 900 SH DEFINED 0102 900
PARAMOUNT COMMUNICAT COM 699216107 193 2500 SH DEFINED 0103 2500
PARKER & PARSLEY PET COM 701018103 3094 125000 SH DEFINED 0124 125000
PARKER & PARSLEY PET COM 701018103 495 20000 SH DEFINED 011619 20000
PARKER & PARSLEY PET COM 701018103 1238 50000 SH DEFINED 011620 50000
PARKER & PARSLEY PET COM 701018103 3755 151700 SH DEFINED 01 151700
PARKER-HANNIFIN COM 701094104 48 1279 SH DEFINED 0103 1279
PAYCHEX INC COM 704326107 3150 90000 SH DEFINED 0106 90000
PAYCHEX INC COM 704326107 1838 52500 SH DEFINED 011614 52500
PAYCHEX INC COM 704326107 12020 343375 SH DEFINED 0102 343375
PAYCHEX INC COM 704326107 2100 60000 SH DEFINED 0131 60000
<PAGE> PAGE 51
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PAYCHEX INC COM 704326107 959 27400 SH DEFINED 0103 27400
PENNEY J C COM 708160106 36663 700000 SH DEFINED 0126 700000
PENNEY J C COM 708160106 168 3200 SH DEFINED 0125 3200
PENNEY J C COM 708160106 5238 100000 SH DEFINED 0107 100000
PENNEY J C COM 708160106 3247 62000 SH DEFINED 011622 62000
PENNEY J C COM 708160106 7333 140000 SH DEFINED 011623 140000
PENNEY J C COM 708160106 21 400 SH DEFINED 0102 400
PENNEY J C COM 708160106 7856 150000 SH DEFINED 0131 150000
PENNEY J C COM 708160106 749 14300 SH DEFINED 0103 14300
PENNEY J C COM 708160106 1514 28900 SH DEFINED 01 28900
PENN GAS & WTR $100 PREFERRED STOCK 708747PP9 4119 40000 SH DEFINED 0105 40000
PENN PWR & LT $100 PREFERRED STOCK 709051742 14200 141649 SH DEFINED 0105 141649
PENN PWR & LT $100 PREFERRED STOCK 709051742 1164 11609 SH DEFINED 0116 11609
PENNZOIL COM 709903108 3994 75000 SH DEFINED 0107 75000
PENNZOIL COM 709903108 58 1083 SH DEFINED 0103 1083
PEOPLES ENERGY CORP COM 711030106 3245 106400 SH DEFINED 0132 106400
PEOPLES ENERGY CORP COM 711030106 27 885 SH DEFINED 0103 885
PEP BOYS MANNY MOE & COM 713278109 12469 475000 SH DEFINED 0108 475000
PEP BOYS MANNY MOE & COM 713278109 1313 50000 SH DEFINED 011618 50000
PEP BOYS MANNY MOE & COM 713278109 76 2900 SH DEFINED 0102 2900
PEP BOYS MANNY MOE & COM 713278109 5250 200000 SH DEFINED 0131 200000
PEP BOYS MANNY MOE & COM 713278109 1414 53874 SH DEFINED 0103 43300 10574
PEPSICO COM 713448108 10219 250000 SH DEFINED 0130 250000
PEPSICO COM 713448108 5199 127200 SH DEFINED 0125 127200
PEPSICO COM 713448108 7507 183648 SH DEFINED 0102 39300 144348
PEPSICO COM 713448108 2934 71791 SH DEFINED 0103 71791
PEPSICO COM 713448108 12872 314900 SH DEFINED 01 314900
PERFORMANCE FOOD COM 713755106 1372 56000 SH DEFINED 0106 56000
PERFORMANCE FOOD COM 713755106 882 36000 SH DEFINED 011614 36000
PERKIN ELMER COM 714041100 42 1082 SH DEFINED 0103 1082
PET INC COM 715825105 8750 500000 SH DEFINED 011516 500000
PET INC COM 715825105 48 2755 SH DEFINED 0103 2755
PETROLEUM GEO SERV COM 716597109 11638 350000 SH DEFINED 011516 350000
PETSMART COM 716768106 1908 70000 SH DEFINED 0106 70000
PETSMART COM 716768106 681 25000 SH DEFINED 011619 25000
PETSMART COM 716768106 2453 90000 SH DEFINED 011614 90000
PFIZER COM 717081103 24150 350000 SH DEFINED 0124 350000
PFIZER COM 717081103 5596 81100 SH DEFINED 0125 81100
PFIZER COM 717081103 106667 1545856 SH DEFINED 0102 604500 941356
PFIZER COM 717081103 6900 100000 SH DEFINED 0131 100000
PFIZER COM 717081103 7726 111979 SH DEFINED 0103 70900 41079
PFIZER COM 717081103 428 6200 SH DEFINED 01 6200
PHELPS DODGE COM 717265102 4875 100000 SH DEFINED 0107 100000
PHELPS DODGE COM 717265102 114921 2357264 SH DEFINED 0102 973600 1383664
PHELPS DODGE COM 717265102 4921 100970 SH DEFINED 0103 99200 1770
PHELPS DODGE COM 717265102 3364 69000 SH DEFINED 01 69000
PHILADELPHIA ELEC COM 717537104 12 400 SH DEFINED 0102 400
PHILADELPHIA ELEC COM 717537104 173 5706 SH DEFINED 0103 5706
PHILIP MORRIS COM 718154107 2788 50000 SH DEFINED 0107 50000
PHILIP MORRIS COM 718154107 22300 400000 SH DEFINED 011516 400000
<PAGE> PAGE 52
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PHILIP MORRIS COM 718154107 1243 22297 SH DEFINED 0103 22297
PHILIP MORRIS COM 718154107 2682 48100 SH DEFINED 01 48100
PHILIPPINE LD144A$25 CONV PFD STOCK 718252505 3168 70000 SH DEFINED 0132 70000
PHILLIPS PETROLEUM COM 718507106 734 25300 SH DEFINED 0125 25300
PHILLIPS PETROLEUM COM 718507106 102 3500 SH DEFINED 0102 3500
PHILLIPS PETROLEUM COM 718507106 493 16990 SH DEFINED 0103 16990
PHILLIPS-VAN HEUSEN COM 718592108 8250 220000 SH DEFINED 0106 220000
PHILLIPS-VAN HEUSEN COM 718592108 4973 132600 SH DEFINED 011614 132600
PHILLIPS-VAN HEUSEN COM 718592108 18088 482300 SH DEFINED 0102 482300
PHILLIPS-VAN HEUSEN COM 718592108 9375 250000 SH DEFINED 0131 250000
PHILLIPS-VAN HEUSEN COM 718592108 341 9100 SH DEFINED 0103 9100
PHYCOR COM 71940F100 1581 55000 SH DEFINED 0106 55000
PHYCOR COM 71940F100 7188 250000 SH DEFINED 011516 250000
PHYCOR COM 71940F100 1294 45000 SH DEFINED 011614 45000
PHYSICIAN CORP AMERI COM 71940P108 1000 40000 SH DEFINED 011620 40000
PIEDMONT NATURAL GAS COM 720186105 4050 200000 SH DEFINED 0132 200000
PIER ONE IMPORTS INC COM 720279108 72 7400 SH DEFINED 0102 7400
PIER ONE IMPORTS INC COM 720279108 985 101000 SH DEFINED 0103 101000
PIONEER HI-BRED COM 723686101 96 2450 SH DEFINED 0103 2450
PITNEY BOWES COM 724479100 20688 500000 SH DEFINED 0130 500000
PITNEY BOWES COM 724479100 24825 600000 SH DEFINED 0124 600000
PITNEY BOWES COM 724479100 3331 80500 SH DEFINED 0125 80500
PITNEY BOWES COM 724479100 12413 300000 SH DEFINED 011618 300000
PITNEY BOWES COM 724479100 459 11100 SH DEFINED 0102 11100
PITNEY BOWES COM 724479100 8275 200000 SH DEFINED 0131 200000
PITNEY BOWES COM 724479100 1896 45834 SH DEFINED 0103 45834
PITNEY BOWES COM 724479100 9760 235900 SH DEFINED 01 235900
PITTSTON SERVICES GP COM 725701106 51176 1772336 SH DEFINED 0103 1771453 883
PITTSTON MINERALS GP COM 725701205 8523 356981 SH DEFINED 0103 356981
PLACER DOME INC COM 725906101 4975 200000 SH DEFINED 0127 200000
PLACER DOME INC COM 725906101 1729 69500 SH DEFINED 0125 69500
PLACER DOME INC COM 725906101 236 9500 SH DEFINED 0102 9500
PLACER DOME INC COM 725906101 851 34200 SH DEFINED 0103 34200
PLACER DOME INC COM 725906101 70 2800 SH DEFINED 01 2800
POLAROID COM 731095105 6750 200000 SH DEFINED 0124 200000
POLAROID COM 731095105 40 1180 SH DEFINED 0103 1180
POST PROPERTIES COM 737464107 1845 60000 SH DEFINED 011618 60000
POTLATCH CORP COM 737628107 20579 436700 SH DEFINED 0113 436700
POTLATCH CORP COM 737628107 32 687 SH DEFINED 0103 687
POWERSOFT COM 73935T103 3883 95300 SH DEFINED 0106 95300
POWERSOFT COM 73935T103 3056 75000 SH DEFINED 011614 75000
POWERSOFT COM 73935T103 7780 190900 SH DEFINED 0102 190900
POWERSOFT COM 73935T103 5155 126500 SH DEFINED 0131 126500
POWERSOFT COM 73935T103 134 3300 SH DEFINED 0103 3300
PRAXAIR COM 74005P104 56 3344 SH DEFINED 0103 3344
PREMARK INTL INC COM 740459102 1286 16028 SH DEFINED 0102 16028
PREMARK INTL INC COM 740459102 71 886 SH DEFINED 0103 886
PREMARK INTL INC COM 740459102 803 10000 SH DEFINED 01 10000
PRESIDENT RIVERBOAT COM 740848106 2970 135000 SH DEFINED 0106 135000
PRESIDENT RIVERBOAT COM 740848106 2420 110000 SH DEFINED 011614 110000
<PAGE> PAGE 53
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PRESIDENT RIVERBOAT COM 740848106 7816 355200 SH DEFINED 0102 355200
PRESIDENT RIVERBOAT COM 740848106 3960 180000 SH DEFINED 0131 180000
PRESIDENT RIVERBOAT COM 740848106 99 4500 SH DEFINED 0103 4500
PRICE COSTCO COM 74143W102 2888 150000 SH DEFINED 011618 150000
PRICE COSTCO COM 74143W102 106 5509 SH DEFINED 0103 5509
PRICE CLUB REIT COM 74147T105 2764 94500 SH DEFINED 0132 94500
PRIMERICA NEW COM 741589105 34988 900000 SH DEFINED 0126 900000
PRIMERICA NEW COM 741589105 11663 300000 SH DEFINED 0111 300000
PRIMERICA NEW COM 741589105 3110 80000 SH DEFINED 011622 80000
PRIMERICA NEW COM 741589105 6998 180000 SH DEFINED 011623 180000
PRIMERICA NEW COM 741589105 16328 420000 SH DEFINED 011618 420000
PRIMERICA NEW COM 741589105 8881 228377 SH DEFINED 0102 88366 140011
PRIMERICA NEW COM 741589105 5831 150000 SH DEFINED 0131 150000
PRIMERICA NEW COM 741589105 971 24949 SH DEFINED 0103 17766 7183
PRIMERICA NEW COM 741589105 3145 80911 SH DEFINED 01 80911
PROCTER & GAMBLE COM 742718109 8550 150000 SH DEFINED 0108 150000
PROCTER & GAMBLE COM 742718109 6053 106200 SH DEFINED 0125 106200
PROCTER & GAMBLE COM 742718109 14250 250000 SH DEFINED 011516 250000
PROCTER & GAMBLE COM 742718109 25103 440385 SH DEFINED 0102 202900 237485
PROCTER & GAMBLE COM 742718109 9975 175000 SH DEFINED 0131 175000
PROCTER & GAMBLE COM 742718109 3929 68935 SH DEFINED 0103 68935
PROCTER & GAMBLE COM 742718109 2120 37200 SH DEFINED 01 37200
PRODUCTION OPERATORS COM 743080103 4031 150000 SH DEFINED 0128 150000
PRODUCTION OPERATORS COM 743080103 1075 40000 SH DEFINED 011620 40000
PROGRESS SOFTWARE CO COM 743312100 1094 25000 SH DEFINED 011620 25000
PROGRESSIVE CORP OH COM 743315103 5063 125000 SH DEFINED 0106 125000
PROGRESSIVE CORP OH COM 743315103 1013 25000 SH DEFINED 011620 25000
PROGRESSIVE CORP OH COM 743315103 4050 100000 SH DEFINED 011614 100000
PROGRESSIVE CORP OH COM 743315103 6278 155000 SH DEFINED 0131 155000
PROMUS INC COM 74342A109 68625 1500000 SH DEFINED 0126 1500000
PROMUS INC COM 74342A109 201 4400 SH DEFINED 0125 4400
PROMUS INC COM 74342A109 5033 110000 SH DEFINED 011622 110000
PROMUS INC COM 74342A109 11438 250000 SH DEFINED 011623 250000
PROMUS INC COM 74342A109 824 18000 SH DEFINED 011619 18000
PROMUS INC COM 74342A109 30 675 SH DEFINED 0102 675
PROMUS INC COM 74342A109 204 4456 SH DEFINED 0103 4456
PROPERTY TR AMER $25 CONV PFD STOCK 743445207 2800 100000 SH DEFINED 0104 100000
PROPERTY TR AMER $25 CONV PFD STOCK 743445207 1960 70000 SH DEFINED 011621 70000
PROPERTY TR AMER $25 CONV PFD STOCK 743445207 840 30000 SH DEFINED 0131 30000
PROTOCOL SYSTEMS INC COM 74371R106 753 70000 SH DEFINED 011619 70000
PRUDENTIAL MUTAL FD COM 743911208 1 148 SH DEFINED 01 148
PUBLIC SERV CO COLO COM 744448101 9638 300000 SH DEFINED 0132 300000
PUB SERV ENTERPRISES COM 744573106 21600 675000 SH DEFINED 0113 675000
PUB SERV ENTERPRISES COM 744573106 9280 290000 SH DEFINED 0132 290000
PUB SERV ENTERPRISES COM 744573106 554 17300 SH DEFINED 0125 17300
PUB SERV ENTERPRISES COM 744573106 80 2500 SH DEFINED 0102 2500
PUB SERV ENTERPRISES COM 744573106 428 13398 SH DEFINED 0103 13398
PULASKI FURNITURE CO COM 745553107 3713 150000 SH DEFINED 0107 150000
PULTE CORP. COM 745867101 25 688 SH DEFINED 0103 688
PURITAN BENNETT COM 746299106 10368 658314 SH DEFINED 0103 658314
<PAGE> PAGE 54
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
PURITY SUPREME WRTS WARRANT 746356997 0 13862 SH DEFINED 0104 13862
PURITY SUPREME WRTS WARRANT 746356997 0 8664 SH DEFINED 011621 8664
PURUS COM 746400100 99 7600 SH DEFINED 0106 7600
PURUS COM 746400100 1300 100000 SH DEFINED 0107 100000
PURUS COM 746400100 73 5600 SH DEFINED 011614 5600
PURUS COM 746400100 129 9900 SH DEFINED 0131 9900
PUTNAM HLTH SC FD-A COM 746778109 15 567 SH DEFINED 0102 567
PUTNAM HIGH YIELD COM 74678J104 2 168 SH DEFINED 01 168
QVC NETWORK COM 747262103 8831 225000 SH DEFINED 0111 225000
QVC NETWORK COM 747262103 72 1800 SH DEFINED 0102 1800
QUAKER OATS COM 747402105 126 1769 SH DEFINED 0103 1769
QUICKTURN COM 74838E102 189 15100 SH DEFINED 0106 15100
QUICKTURN COM 74838E102 151 12100 SH DEFINED 011614 12100
RFS HOTEL COM 74955J108 2766 187500 SH DEFINED 0128 187500
RFS HOTEL COM 74955J108 1475 100000 SH DEFINED 0107 100000
RFS HOTEL COM 74955J108 885 60000 SH DEFINED 011619 60000
RFS HOTEL COM 74955J108 1106 75000 SH DEFINED 011620 75000
RJR NABISCO COM 74960K108 5738 900000 SH DEFINED 011516 900000
RJR NABISCO CVT CONV PFD STOCK 74960K405 4900 700000 SH DEFINED 0107 700000
RJR NABISCO CVT CONV PFD STOCK 74960K405 7000 1000000 SH DEFINED 011516 1000000
RJR NABISCO CVT CONV PFD STOCK 74960K405 1215 173500 SH DEFINED 01 173500
ROC COMMUNITIES COM 749650107 1622 75000 SH DEFINED 011618 75000
RALSTON PURINA GP COM 751277302 11925 300000 SH DEFINED 011516 300000
RALSTON PURINA GP COM 751277302 106 2656 SH DEFINED 0103 2656
RAMSAY HMO INC COM 751581109 1136 30000 SH DEFINED 011620 30000
RAYCHEM COM 754603108 5625 150000 SH DEFINED 0124 150000
RAYCHEM COM 754603108 8722 232510 SH DEFINED 0102 95000 137510
RAYCHEM COM 754603108 926 24682 SH DEFINED 0103 23600 1082
RAYCHEM COM 754603108 3038 81000 SH DEFINED 01 81000
RAYMOND JAMES FIN COM 754730109 4988 300000 SH DEFINED 0111 300000
RE CAPITAL CORP CONV BOND 754904AA8 2040 2000000 PRN DEFINED 0104 2000000
RAYTHEON COM 755111101 2739 41500 SH DEFINED 0125 41500
RAYTHEON COM 755111101 376 5700 SH DEFINED 0102 5700
RAYTHEON COM 755111101 6785 102800 SH DEFINED 0131 102800
RAYTHEON COM 755111101 1633 24743 SH DEFINED 0103 24743
RAYTHEON COM 755111101 33 500 SH DEFINED 01 500
READERS DIGEST ASSN COM 755267101 18000 400000 SH DEFINED 0130 400000
READERS DIGEST ASSN COM 755267101 54000 1200000 SH DEFINED 011516 1200000
READERS DIGEST ASSN COM 755267101 41 900 SH DEFINED 0102 900
READERS DIGEST ASSN COM 755267101 378 8400 SH DEFINED 0103 8400
READING & BATES $25 CONV PFD STOCK 755281888 2550 100000 SH DEFINED 0107 100000
REEBOK INTERNATIONAL COM 758110100 159 5300 SH DEFINED 0125 5300
REEBOK INTERNATIONAL COM 758110100 21 700 SH DEFINED 0102 700
REEBOK INTERNATIONAL COM 758110100 134 4462 SH DEFINED 0103 4462
REGIONAL ACCEPTANCE COM 758935100 945 70000 SH DEFINED 011619 70000
REGENCY REALTY COM 758939102 3325 200000 SH DEFINED 0132 200000
REGENCY REALTY COM 758939102 1534 92300 SH DEFINED 0107 92300
REINSURANCE GP OF AM COM 759351109 1287 46600 SH DEFINED 0131 46600
RELIANCE GP HDS WRTS WARRANT 759464118 833 277791 SH DEFINED 0109 277791
RENAL TREATMENT CTR COM 759671100 1128 55000 SH DEFINED 011619 55000
<PAGE> PAGE 55
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
REPSOL S.A. ADR COM 76026T205 23156 750000 SH DEFINED 0130 750000
REPSOL S.A. ADR COM 76026T205 10806 350000 SH DEFINED 0113 350000
REPSOL S.A. ADR COM 76026T205 15438 500000 SH DEFINED 0124 500000
REPSOL S.A. ADR COM 76026T205 6175 200000 SH DEFINED 0131 200000
REPSOL S.A. ADR COM 76026T205 309 10000 SH DEFINED 0103 10000
REPUBLIC NY COM 760719104 17531 375000 SH DEFINED 0113 375000
REUTERS HLDS PLC ADR COM 761324201 2370 30000 SH DEFINED 01 30000
REYNOLDS & REYNOLDS COM 761695105 30113 660000 SH DEFINED 0126 660000
REYNOLDS METALS COM 761763101 295 6500 SH DEFINED 0102 6500
REYNOLDS METALS COM 761763101 71 1574 SH DEFINED 0103 1574
REYNOLDS METALS COM 761763101 1588 35000 SH DEFINED 01 35000
RHONE POULENC RORER COM 76242T104 37692 1032658 SH DEFINED 0103 1032658
RIO HOTEL & CASINO I COM 767147101 3360 210000 SH DEFINED 0106 210000
RIO HOTEL & CASINO I COM 767147101 2400 150000 SH DEFINED 011619 150000
RIO HOTEL & CASINO I COM 767147101 2880 180000 SH DEFINED 011614 180000
RIO HOTEL & CASINO I COM 767147101 11293 705800 SH DEFINED 0102 705800
RIO HOTEL & CASINO I COM 767147101 2400 150000 SH DEFINED 0131 150000
RIO HOTEL & CASINO I COM 767147101 219 13700 SH DEFINED 0103 13700
RITE AID COM 767754104 21431 1350000 SH DEFINED 0113 1350000
RITE AID COM 767754104 5239 330000 SH DEFINED 0128 330000
RITE AID COM 767754104 375 23600 SH DEFINED 0125 23600
RITE AID COM 767754104 51 3200 SH DEFINED 0102 3200
RITE AID COM 767754104 188 11863 SH DEFINED 0103 11863
RIVERWOOD INT'L CVT CONV BOND 769507AF1 2763 2500000 PRN DEFINED 0104 2500000
RIVERWOOD INT'L CVT CONV BOND 769507AF1 1658 1500000 PRN DEFINED 011621 1500000
RIVERWOOD INT'L CVT CONV BOND 769507AF1 1105 1000000 PRN DEFINED 0131 1000000
RIVERWOOD INTL COM 769507104 1839 109794 SH DEFINED 0103 109794
ROADWAY SERVICES COM 769748104 65 1083 SH DEFINED 0103 1083
ROANOKE GAS CO COM 769858101 6 180 SH DEFINED 0102 180
ROBERTS PHARMACEUTIC COM 770491108 477 12000 SH DEFINED 011619 12000
ROBOTIC VISION SERV COM 771074101 1024 195000 SH DEFINED 0106 195000
ROCHESTER GAS & ELEC COM 771367109 5250 200000 SH DEFINED 0132 200000
ROCKWELL INT CORP COM 774347108 2706 72900 SH DEFINED 0125 72900
ROCKWELL INT CORP COM 774347108 371 10000 SH DEFINED 0102 10000
ROCKWELL INT CORP COM 774347108 1307 35208 SH DEFINED 0103 35208
ROCKWELL INT CORP COM 774347108 33 900 SH DEFINED 01 900
ROGERS COM LY PUT/98 CONV BOND 775109AD3 9184 23250000 PRN DEFINED 0130 23250000
ROGERS COM LY PUT/98 CONV BOND 775109AD3 11850 30000000 PRN DEFINED 011516 30000000
ROGERS COM LY PUT/98 CONV BOND 775109AD3 2370 6000000 PRN DEFINED 0131 6000000
ROHM & HAAS CO COM 775371107 5950 100000 SH DEFINED 0124 100000
ROHM & HAAS CO COM 775371107 105 1771 SH DEFINED 0103 1771
ROLLINS ENVIRON SERV COM 775709108 9 1575 SH DEFINED 0103 1575
ROLLINS TRUCK LEASIN COM 775741101 1052 55000 SH DEFINED 011620 55000
ROWAN COMPANIES INC COM 779382100 8100 900000 SH DEFINED 0108 900000
ROWAN COMPANIES INC COM 779382100 283 31400 SH DEFINED 0125 31400
ROWAN COMPANIES INC COM 779382100 39 4300 SH DEFINED 0102 4300
ROWAN COMPANIES INC COM 779382100 134 14865 SH DEFINED 0103 14865
PRICE ROWE INT'L FD COM 77956H203 3 275 SH DEFINED 01 275
ROYAL DUTCH PETE NEW COM 780257705 28703 275000 SH DEFINED 0130 275000
ROYAL DUTCH PETE NEW COM 780257705 41750 400000 SH DEFINED 0126 400000
<PAGE> PAGE 56
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
ROYAL DUTCH PETE NEW COM 780257705 20875 200000 SH DEFINED 0113 200000
ROYAL DUTCH PETE NEW COM 780257705 10438 100000 SH DEFINED 0124 100000
ROYAL DUTCH PETE NEW COM 780257705 8183 78400 SH DEFINED 0125 78400
ROYAL DUTCH PETE NEW COM 780257705 2088 20000 SH DEFINED 0107 20000
ROYAL DUTCH PETE NEW COM 780257705 12525 120000 SH DEFINED 011618 120000
ROYAL DUTCH PETE NEW COM 780257705 38962 373315 SH DEFINED 0102 119150 254165
ROYAL DUTCH PETE NEW COM 780257705 11481 110000 SH DEFINED 0131 110000
ROYAL DUTCH PETE NEW COM 780257705 5327 51037 SH DEFINED 0103 51037
ROYAL DUTCH PETE NEW COM 780257705 5918 56700 SH DEFINED 01 56700
RUBBERMAID COM 781088109 13031 375000 SH DEFINED 0108 375000
RUBBERMAID COM 781088109 20850 600000 SH DEFINED 011516 600000
RUBBERMAID COM 781088109 24319 699765 SH DEFINED 0102 341300 358465
RUBBERMAID COM 781088109 530 15232 SH DEFINED 0103 11100 4132
RUBBERMAID COM 781088109 1390 40000 SH DEFINED 01 40000
RUSSELL CORP COM 782352108 31 1083 SH DEFINED 0103 1083
RYANS FAMILY STEAK COM 783519101 6300 700000 SH DEFINED 0128 700000
RYANS FAMILY STEAK COM 783519101 4500 500000 SH DEFINED 0131 500000
RYANS FAMILY STEAK COM 783519101 12 1377 SH DEFINED 0103 1377
RYDER SYSTEM COM 783549108 52 1968 SH DEFINED 0103 1968
SCE CORP COM 783882103 230 11511 SH DEFINED 0103 11511
SCOR U.S. 144A CONV BOND 784027AB0 2350 2500000 PRN DEFINED 0104 2500000
SCOR U.S. 144A CONV BOND 784027AB0 1410 1500000 PRN DEFINED 011621 1500000
SCOR U.S. 144A CONV BOND 784027AB0 940 1000000 PRN DEFINED 0131 1000000
SHL SYSTEMHOUSE INC COM 78424R104 1813 250000 SH DEFINED 0106 250000
SHL SYSTEMHOUSE INC COM 78424R104 798 110000 SH DEFINED 011614 110000
SPX CORP COM 784635104 7 394 SH DEFINED 0103 394
SAFECO CORP COM 786429100 6875 125000 SH DEFINED 0108 125000
SAFECO CORP COM 786429100 57423 1043817 SH DEFINED 0102 360800 683017
SAFECO CORP COM 786429100 2282 41474 SH DEFINED 0103 39900 1574
SAFECO CORP COM 786429100 8360 152000 SH DEFINED 01 152000
SAFETY-KLEEN COM 786484105 24 1476 SH DEFINED 0103 1476
ST JOHN KNITS INC COM 790289102 4650 200000 SH DEFINED 0111 200000
ST JUDE MEDICAL COM 790849103 34 1280 SH DEFINED 0103 1280
ST PAUL COMPANIES COM 792860108 22469 250000 SH DEFINED 0113 250000
ST PAUL COMPANIES COM 792860108 17975 200000 SH DEFINED 0111 200000
ST PAUL COMPANIES COM 792860108 2247 25000 SH DEFINED 0107 25000
ST PAUL COMPANIES COM 792860108 78 870 SH DEFINED 0102 870
ST PAUL COMPANIES COM 792860108 9886 110000 SH DEFINED 0131 110000
ST PAUL COMPANIES COM 792860108 2777 30900 SH DEFINED 0103 30900
SALOMON INC. COM 79549B107 161 3375 SH DEFINED 0103 3375
SALOMON ELK 2 3019 CONV PFD STOCK 79549B412 2480 80000 SH DEFINED 0107 80000
SALOMON ELK 5.00 CONV PFD STOCK 79549B438 2997 37000 SH DEFINED 0107 37000
SBH/DIGITAL EQ EQ LI CONV PFD STOCK 79549B511 2258 60000 SH DEFINED 0107 60000
SANMINA CORP COM 800907107 506 18900 SH DEFINED 0106 18900
SANMINA CORP COM 800907107 910 34000 SH DEFINED 011619 34000
SANMINA CORP COM 800907107 375 14000 SH DEFINED 011614 14000
SANMINA CORP COM 800907107 637 23800 SH DEFINED 0131 23800
SANTA BARB S & L 9% CONV BOND 801380AH9 26 400000 PRN DEFINED 0102 400000
SANTA FE ENERGY RES COM 802012104 20 2262 SH DEFINED 0103 2262
SANTA FE PACIFIC COR COM 802183103 1669 75000 SH DEFINED 0127 75000
<PAGE> PAGE 57
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SANTA FE PACIFIC COR COM 802183103 103 4623 SH DEFINED 0103 4623
SARA LEE CORP COM 803111103 312 12495 SH DEFINED 0103 12495
SAVOY COM 805375102 1995 95000 SH DEFINED 0106 95000
SAVOY COM 805375102 1407 67000 SH DEFINED 011614 67000
SAVOY COM 805375102 6801 323800 SH DEFINED 0102 323800
SAVOY COM 805375102 2520 120000 SH DEFINED 0131 120000
SAVOY COM 805375102 116 5500 SH DEFINED 0103 5500
SCANA CORP COM 805898103 6965 140000 SH DEFINED 0132 140000
SCHERING PLOUGH COM 806605101 10275 150000 SH DEFINED 0124 150000
SCHERING PLOUGH COM 806605101 8563 125000 SH DEFINED 0131 125000
SCHERING PLOUGH COM 806605101 796 11618 SH DEFINED 0103 11618
SCHLUMBERGER LTD COM 806857108 22172 375000 SH DEFINED 0130 375000
SCHLUMBERGER LTD COM 806857108 20694 350000 SH DEFINED 0126 350000
SCHLUMBERGER LTD COM 806857108 23650 400000 SH DEFINED 0124 400000
SCHLUMBERGER LTD COM 806857108 17738 300000 SH DEFINED 011516 300000
SCHLUMBERGER LTD COM 806857108 4730 80000 SH DEFINED 011618 80000
SCHLUMBERGER LTD COM 806857108 366 6197 SH DEFINED 0103 6197
SCHOLASTIC CORP COM 807066105 20228 465000 SH DEFINED 011516 465000
SCHOLASTIC CORP COM 807066105 48 1100 SH DEFINED 0102 1100
SCHOLASTIC CORP COM 807066105 661 15200 SH DEFINED 0103 15200
SCHULMAN (A.) INC COM 808194104 13500 400000 SH DEFINED 011516 400000
SCHULMAN (A.) INC COM 808194104 579 17150 SH DEFINED 0102 17150
SCHULMAN (A.) INC COM 808194104 1556 46100 SH DEFINED 0103 46100
SCI-MED LIFE SYSTEMS COM 808614101 550 14000 SH DEFINED 0128 14000
SCI-MED LIFE SYSTEMS COM 808614101 224 5700 SH DEFINED 0131 5700
SCI-MED LIFE SYSTEMS COM 808614101 12 300 SH DEFINED 0103 300
SCIENTIFIC ATLANTA COM 808655104 16500 500000 SH DEFINED 0111 500000
SCIENTIFIC ATLANTA COM 808655104 848 25700 SH DEFINED 0125 25700
SCIENTIFIC ATLANTA COM 808655104 1221 37000 SH DEFINED 011622 37000
SCIENTIFIC ATLANTA COM 808655104 2805 85000 SH DEFINED 011623 85000
SCIENTIFIC ATLANTA COM 808655104 3300 100000 SH DEFINED 011618 100000
SCIENTIFIC ATLANTA COM 808655104 215 6500 SH DEFINED 0102 6500
SCIENTIFIC ATLANTA COM 808655104 372 11284 SH DEFINED 0103 11284
SCIENTIFIC ATLANTA COM 808655104 86 2600 SH DEFINED 01 2600
SCORE BOARD INC COM 809173206 643 35000 SH DEFINED 011619 35000
SCOTT PAPER COM 809877103 5141 125000 SH DEFINED 0124 125000
SCOTT PAPER COM 809877103 81 1969 SH DEFINED 0103 1969
SCOTTS CO CLA COM 810186106 2765 140000 SH DEFINED 0128 140000
SEAGATE TECH 144A CONV BOND 811804AB9 5350 5000000 PRN DEFINED 0104 5000000
SEAGATE TECH 144A CONV BOND 811804AB9 5350 5000000 PRN DEFINED 0107 5000000
SEAGATE TECH 144A CONV BOND 811804AB9 3745 3500000 PRN DEFINED 011621 3500000
SEAGATE TECH 144A CONV BOND 811804AB9 1605 1500000 PRN DEFINED 0131 1500000
SEAGRAM LTD COM 811850106 252 9642 SH DEFINED 0103 9642
SEAGULL ENERGY CORP COM 812007102 2538 100000 SH DEFINED 0132 100000
SEARS ROEBUCK & CO COM 812387108 18463 350000 SH DEFINED 0130 350000
SEARS ROEBUCK & CO COM 812387108 14506 275000 SH DEFINED 011516 275000
SEARS ROEBUCK & CO COM 812387108 97788 1853778 SH DEFINED 0102 684000 1169778
SEARS ROEBUCK & CO COM 812387108 4394 83303 SH DEFINED 0103 74450 8853
SEARS ROEBUCK & CO COM 812387108 11611 220100 SH DEFINED 01 220100
SEARS ROEBUCK PERC CONV PFD STOCK 812387504 19688 350000 SH DEFINED 0130 350000
<PAGE> PAGE 58
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SEARS ROEBUCK PERC CONV PFD STOCK 812387504 8438 150000 SH DEFINED 011618 150000
SEARS ROEBUCK PERC CONV PFD STOCK 812387504 1406 25000 SH DEFINED 01 25000
SENSORMATIC ELECT COM 817265101 26156 750000 SH DEFINED 0126 750000
SENSORMATIC ELECT COM 817265101 6278 180000 SH DEFINED 0106 180000
SENSORMATIC ELECT COM 817265101 18309 525000 SH DEFINED 0111 525000
SENSORMATIC ELECT COM 817265101 5406 155000 SH DEFINED 011614 155000
SENSORMATIC ELECT COM 817265101 16578 475400 SH DEFINED 0102 475400
SENSORMATIC ELECT COM 817265101 7847 225000 SH DEFINED 0131 225000
SENSORMATIC ELECT COM 817265101 291 8350 SH DEFINED 0103 8350
SERVICE CORP INT'L CONV BOND 817565AD6 3488 2500000 PRN DEFINED 0107 2500000
SERVICE CORP INT'L CONV BOND 817565AD6 16740 12000000 PRN DEFINED 011516 12000000
SERVICE CORP INTL COM 817565104 2376 90500 SH DEFINED 0125 90500
SERVICE CORP INTL COM 817565104 8392 319700 SH DEFINED 011516 319700
SERVICE CORP INTL COM 817565104 1050 40000 SH DEFINED 011620 40000
SERVICE CORP INTL COM 817565104 326 12400 SH DEFINED 0102 12400
SERVICE CORP INTL COM 817565104 1018 38765 SH DEFINED 0103 38765
SERVICE CORP INTL COM 817565104 58 2200 SH DEFINED 01 2200
SERVICE MASTER LTD COM 817613102 5475 200000 SH DEFINED 0111 200000
SERVAM CORP WARRANTS WARRANT 817912124 1 60486 SH DEFINED 0109 60486
SERVAM CORP WARRANTS WARRANT 817912132 0 13600 SH DEFINED 0109 13600
SERVAM CORP COMMON COM 817912207 0 6800 SH DEFINED 0109 6800
SHARED MED SYSTEMS COM 819486101 12438 500000 SH DEFINED 011516 500000
SHARED MED SYSTEMS COM 819486101 15 591 SH DEFINED 0103 591
SHAW INDUSTRIES INC COM 820286102 22838 900000 SH DEFINED 0130 900000
SHAW INDUSTRIES INC COM 820286102 15225 600000 SH DEFINED 0108 600000
SHAW INDUSTRIES INC COM 820286102 22692 894266 SH DEFINED 0102 404200 490066
SHAWMUT NATIONAL COM 820484103 51 2361 SH DEFINED 0103 2361
SHERWIN WILLIAMS COM 824348106 15194 425000 SH DEFINED 0108 425000
SHERWIN WILLIAMS COM 824348106 34752 972005 SH DEFINED 0102 433300 538705
SHERWIN WILLIAMS COM 824348106 81 2262 SH DEFINED 0103 2262
SHERWIN WILLIAMS COM 824348106 10936 305900 SH DEFINED 01 305900
SHOPKO STORES COM 824911101 11944 1050000 SH DEFINED 0113 1050000
SHOPKO STORES COM 824911101 4095 360000 SH DEFINED 0128 360000
SHONEYS INC COM 825039100 4163 180000 SH DEFINED 0128 180000
SHONEYS INC COM 825039100 1320 57100 SH DEFINED 0125 57100
SHONEYS INC COM 825039100 648 28000 SH DEFINED 011619 28000
SHONEYS INC COM 825039100 622 26900 SH DEFINED 011620 26900
SHONEYS INC COM 825039100 183 7900 SH DEFINED 0102 7900
SHONEYS INC COM 825039100 559 24183 SH DEFINED 0103 24183
SHONEYS INC COM 825039100 39 1700 SH DEFINED 01 1700
SIGMA-ALDRICH COM 826552101 14400 300000 SH DEFINED 011516 300000
SIGMA-ALDRICH COM 826552101 1 12 SH DEFINED 0102 12
SIGNET BANKING CORP COM 826681108 47 1355 SH DEFINED 0102 1355
SIL GR PT 11/98 144A CONV BOND 827056AB8 2356 5000000 PRN DEFINED 0107 5000000
SIL GR PT 11/98 144A CONV BOND 827056AB8 9425 20000000 PRN DEFINED 011618 20000000
SILICON GRAPHICS INC COM 827056102 14850 600000 SH DEFINED 0126 600000
SILICON GRAPHICS INC COM 827056102 3465 140000 SH DEFINED 0106 140000
SILICON GRAPHICS INC COM 827056102 2723 110000 SH DEFINED 011614 110000
SILICON GRAPHICS INC COM 827056102 29170 1178600 SH DEFINED 0102 1178600
SILICON GRAPHICS INC COM 827056102 3713 150000 SH DEFINED 0131 150000
<PAGE> PAGE 59
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SILICON GRAPHICS INC COM 827056102 530 21400 SH DEFINED 0103 21400
SIMON PROP COM 828805101 11313 500000 SH DEFINED 0113 500000
SIMON PROP COM 828805101 1516 67000 SH DEFINED 0132 67000
SIMON PROP COM 828805101 1177 52000 SH DEFINED 0107 52000
SIMPSON INDUSTRIES COM 829060102 4225 200000 SH DEFINED 0107 200000
SIMPSON INDUSTRIES COM 829060102 1268 60000 SH DEFINED 011620 60000
SIMPSON INDUSTRIES COM 829060102 3042 144000 SH DEFINED 01 144000
SINGER CO COM 82930F109 11213 300000 SH DEFINED 0124 300000
SIZELER PROPERTY INV COM 830137105 3163 275000 SH DEFINED 0130 275000
SIZELER PROPERTY INV COM 830137105 2703 235000 SH DEFINED 0132 235000
SIZELER PROPERTY INV COM 830137105 2703 235000 SH DEFINED 0107 235000
SIZELER PROPERTY INV COM 830137105 4094 356000 SH DEFINED 01 356000
SKYLINE COM 830830105 6 295 SH DEFINED 0103 295
SMITHKLN BCHM EQ UNT COM 832378400 7118 260000 SH DEFINED 0131 260000
SMITHKLN BCHM EQ UNT COM 832378400 356 13000 SH DEFINED 0103 13000
SNAP ON TOOLS CORP COM 833034101 41 1081 SH DEFINED 0103 1081
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 4725 175000 SH DEFINED 0104 175000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 6750 250000 SH DEFINED 011516 250000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 2700 100000 SH DEFINED 011621 100000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 945 35000 SH DEFINED 011620 35000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 1350 50000 SH DEFINED 0131 50000
SOCIEDAD QUINICA COM 833635105 610 20000 SH DEFINED 011619 20000
SOCIETY CORP COM 833663305 11900 400000 SH DEFINED 0113 400000
SODAK GAMING COM 833777105 1200 40000 SH DEFINED 011619 40000
SODAK GAMING COM 833777105 1050 35000 SH DEFINED 011620 35000
SOFT IMAGE COM 833961105 1920 120000 SH DEFINED 0106 120000
SOFT IMAGE COM 833961105 1280 80000 SH DEFINED 011614 80000
SOFAMOR/DANEK GROUP COM 834005100 3990 120000 SH DEFINED 0106 120000
SOFAMOR/DANEK GROUP COM 834005100 665 20000 SH DEFINED 011619 20000
SOFAMOR/DANEK GROUP COM 834005100 2993 90000 SH DEFINED 011614 90000
SOFAMOR/DANEK GROUP COM 834005100 10595 318600 SH DEFINED 0102 318600
SOFAMOR/DANEK GROUP COM 834005100 4655 140000 SH DEFINED 0131 140000
SOFAMOR/DANEK GROUP COM 834005100 203 6100 SH DEFINED 0103 6100
SOFTBRIDGE MICRO SYS COM 834020992 135 13500 SH DEFINED 01 13500
SOFTWARE TOOLWORKS COM 834044208 1620 160000 SH DEFINED 0106 160000
SOFTWARE TOOLWORKS COM 834044208 506 50000 SH DEFINED 011619 50000
SOFTWARE TOOLWORKS COM 834044208 1114 110000 SH DEFINED 011614 110000
SOFTWARE TOOLWORKS COM 834044208 4316 426400 SH DEFINED 0102 426400
SOFTWARE TOOLWORKS COM 834044208 2076 205000 SH DEFINED 0131 205000
SOFTWARE TOOLWORKS COM 834044208 83 8200 SH DEFINED 0103 8200
SONAT INC COM 835415100 62 2162 SH DEFINED 0103 2162
SONOCO PRODUCTS COM 835495102 44 2000 SH DEFINED 01 2000
SOUTHDOWN WARRANTS WARRANT 841297997 340 40000 SH DEFINED 0104 40000
SOUTHDOWN WARRANTS WARRANT 841297997 425 50000 SH DEFINED 0109 50000
SOUTHDOWN WARRANTS WARRANT 841297997 255 30000 SH DEFINED 011621 30000
SO CA EDISON $100 PREFERRED STOCK 842400780 15572 147250 SH DEFINED 0105 147250
SO CA EDISON $100 PREFERRED STOCK 842400780 5129 48500 SH DEFINED 01 48500
SO CA EDISON $100 PREFERRED STOCK 842400780 529 5000 SH DEFINED 01 5000
SO CA EDISON $100 PREFERRED STOCK 842400780 529 5000 SH DEFINED 0116 5000
SOUTHERN CO. COM 842587107 8825 200000 SH DEFINED 0132 200000
<PAGE> PAGE 60
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SOUTHERN CO. COM 842587107 360 8166 SH DEFINED 0103 8166
SO INDIANA G&E 100 PREFERRED STOCK 843169996 7763 75000 SH DEFINED 0105 75000
SOUTHERN NEW ENG TEL COM 843485103 6322 175000 SH DEFINED 0132 175000
SOUTHWEST AIRLINES COM 844741108 75000 2000000 SH DEFINED 0126 2000000
SOUTHWEST AIRLINES COM 844741108 6750 180000 SH DEFINED 0106 180000
SOUTHWEST AIRLINES COM 844741108 30000 800000 SH DEFINED 0111 800000
SOUTHWEST AIRLINES COM 844741108 28125 750000 SH DEFINED 0124 750000
SOUTHWEST AIRLINES COM 844741108 6750 180000 SH DEFINED 011622 180000
SOUTHWEST AIRLINES COM 844741108 15000 400000 SH DEFINED 011623 400000
SOUTHWEST AIRLINES COM 844741108 7500 200000 SH DEFINED 011618 200000
SOUTHWEST AIRLINES COM 844741108 5438 145000 SH DEFINED 011614 145000
SOUTHWEST AIRLINES COM 844741108 53313 1421390 SH DEFINED 0102 451900 969490
SOUTHWEST AIRLINES COM 844741108 12375 330000 SH DEFINED 0131 330000
SOUTHWEST AIRLINES COM 844741108 2502 66700 SH DEFINED 0103 66700
SOUTHWEST AIRLINES COM 844741108 150 4000 SH DEFINED 01 4000
SOUTHWEST GAS CORP COM 844895102 1600 100000 SH DEFINED 0132 100000
SOUTHWESTERN BELL COM 845333103 6225 150000 SH DEFINED 0132 150000
SOUTHWESTERN BELL COM 845333103 637 15346 SH DEFINED 0103 15346
SOUTHWESTERN PROP TR COM 845734102 3156 250000 SH DEFINED 0130 250000
SOUTHWESTERN PROP TR COM 845734102 5050 400000 SH DEFINED 0132 400000
SOUTHWESTERN PROP TR COM 845734102 3156 250000 SH DEFINED 0107 250000
SOUTHWESTERN PROP TR COM 845734102 631 50000 SH DEFINED 011618 50000
SPECIALTY FOODS ACQ COM 847498102 480 300000 SH DEFINED 0109 300000
SPECIALTY FOODS ACQ COM 847498102 24 15000 SH DEFINED 011621 15000
SPORTS & RECREATION COM 849168109 205 5450 SH DEFINED 0102 5450
SPORTS & RECREATION COM 849168109 1005 26800 SH DEFINED 0103 26800
SPRINGS INDS INC COM 851783100 19 492 SH DEFINED 0103 492
SPRINT CORP COM 852061100 304 8756 SH DEFINED 0103 8756
STABLE CAPITAL FUND COM 852300987 369852 35542077 SH DEFINED 0103 35542077
STANLEY WORKS THE COM 854616109 22250 500000 SH DEFINED 0113 500000
STANLEY WORKS THE COM 854616109 53 1181 SH DEFINED 0103 1181
STATE STREET BOSTON COM 857473102 37500 1000000 SH DEFINED 0126 1000000
STATE STREET BOSTON COM 857473102 16875 450000 SH DEFINED 0124 450000
STATE STREET BOSTON COM 857473102 64313 1715000 SH DEFINED 011516 1715000
STATE STREET BOSTON COM 857473102 7880 210070 SH DEFINED 0102 76200 133870
STATE STREET BOSTON COM 857473102 476 12700 SH DEFINED 0103 12700
STEINROE STOCK FD COM 857908503 10 399 SH DEFINED 0102 399
STEINROE SPECIAL FD COM 857908701 70 2910 SH DEFINED 0102 2910
STEEL TECHNOLOGIES COM 858147101 1215 60000 SH DEFINED 011619 60000
STERLING SOFTWARE CONV BOND 859547AD3 1190 1000000 PRN DEFINED 0107 1000000
STERLING SOFTWARE IN COM 859547101 993 35000 SH DEFINED 011620 35000
STEWART ENTERPRISES COM 860370105 13163 487500 SH DEFINED 011516 487500
STONE CONTAINER CONV BOND 861589AE9 17500 25000000 PRN DEFINED 0130 25000000
STONE CONTAINER CONV BOND 861589AE9 700 1000000 PRN DEFINED 011620 1000000
STONE CONTAINER COM 861589109 17 1770 SH DEFINED 0103 1770
STORAGE TECHNOLOGY COM 862111200 5376 170000 SH DEFINED 0106 170000
STORAGE TECHNOLOGY COM 862111200 3795 120000 SH DEFINED 011614 120000
STORAGE TECHNOLOGY COM 862111200 7274 230000 SH DEFINED 0131 230000
STRIDE RITE CORP COM 863314100 21 1278 SH DEFINED 0103 1278
STRYKER CORP COM 863667101 8475 300000 SH DEFINED 0111 300000
<PAGE> PAGE 61
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
STRYKER CORP COM 863667101 48025 1700000 SH DEFINED 011516 1700000
STRYKER CORP COM 863667101 978 34655 SH DEFINED 0102 34655
SLMA NON/VTG COM 863871505 22438 500000 SH DEFINED 0113 500000
SLMA NON/VTG COM 863871505 15706 350000 SH DEFINED 011516 350000
SLMA NON/VTG COM 863871505 8975 200000 SH DEFINED 0131 200000
SLMA NON/VTG COM 863871505 435 9700 SH DEFINED 0103 9700
STUDENT LOAN CORP COM 863902102 9438 500000 SH DEFINED 011516 500000
SUMMA COM 865628101 676 17000 SH DEFINED 0106 17000
SUMMA COM 865628101 11130 280000 SH DEFINED 011516 280000
SUMMA COM 865628101 457 11500 SH DEFINED 011614 11500
SUMMA COM 865628101 855 21500 SH DEFINED 0131 21500
SUMMIT COM 86627E101 1995 95000 SH DEFINED 0106 95000
SUMMIT COM 86627E101 1470 70000 SH DEFINED 011614 70000
SUMMIT COM 86627E101 4087 194600 SH DEFINED 0102 194600
SUMMIT COM 86627E101 2625 125000 SH DEFINED 0131 125000
SUMMIT COM 86627E101 78 3700 SH DEFINED 0103 3700
SUN COM 866762107 78 2655 SH DEFINED 0103 2655
SUN MICROSYSTEMS INC COM 866810104 36406 1250000 SH DEFINED 0126 1250000
SUN MICROSYSTEMS INC COM 866810104 5825 200000 SH DEFINED 0124 200000
SUN MICROSYSTEMS INC COM 866810104 1049 36000 SH DEFINED 0125 36000
SUN MICROSYSTEMS INC COM 866810104 4660 160000 SH DEFINED 011622 160000
SUN MICROSYSTEMS INC COM 866810104 10485 360000 SH DEFINED 011623 360000
SUN MICROSYSTEMS INC COM 866810104 5825 200000 SH DEFINED 011618 200000
SUN MICROSYSTEMS INC COM 866810104 1019 35000 SH DEFINED 011620 35000
SUN MICROSYSTEMS INC COM 866810104 1019 35000 SH DEFINED 011614 35000
SUN MICROSYSTEMS INC COM 866810104 146 5000 SH DEFINED 0102 5000
SUN MICROSYSTEMS INC COM 866810104 10194 350000 SH DEFINED 0131 350000
SUN MICROSYSTEMS INC COM 866810104 505 17356 SH DEFINED 0103 17356
SUN MICROSYSTEMS INC COM 866810104 390 13400 SH DEFINED 01 13400
SUN AMERICA COM 866930100 12975 300000 SH DEFINED 0111 300000
SUN AMERICA COM 866930100 129 3000 SH DEFINED 0102 3000
SUNAMERICA $37 CONV PFD STOCK 866930704 1907 45000 SH DEFINED 0107 45000
SUNAMERICA $37 CONV PFD STOCK 866930704 7399 174600 SH DEFINED 0131 174600
SUNRISE MEDICAL COM 867910101 4573 152419 SH DEFINED 0103 152419
SUNTRUST BANKS INC COM 867914103 146 3247 SH DEFINED 0103 3247
SUPERVALU INC COM 868536103 16313 450000 SH DEFINED 0113 450000
SUPERVALU INC COM 868536103 7 200 SH DEFINED 0125 200
SUPERVALU INC COM 868536103 4 100 SH DEFINED 0102 100
SUPERVALU INC COM 868536103 68 1870 SH DEFINED 0103 1870
SYBRON CHEMICALS INC COM 870903101 7238 300000 SH DEFINED 0124 300000
SYBASE SOFTWARE COM 871130100 7980 190000 SH DEFINED 0106 190000
SYBASE SOFTWARE COM 871130100 6300 150000 SH DEFINED 011614 150000
SYBASE SOFTWARE COM 871130100 25267 601600 SH DEFINED 0102 601600
SYBASE SOFTWARE COM 871130100 10500 250000 SH DEFINED 0131 250000
SYBASE SOFTWARE COM 871130100 437 10400 SH DEFINED 0103 10400
SYBRON CORP COM 87114F106 904 28249 SH DEFINED 0103 28249
SYMANTEC CORP COM 871503108 730 40000 SH DEFINED 011619 40000
SYNOPSYS INC COM 871607107 5430 120000 SH DEFINED 0106 120000
SYNOPSYS INC COM 871607107 3846 85000 SH DEFINED 011614 85000
SYNOPSYS INC COM 871607107 10254 226600 SH DEFINED 0102 226600
<PAGE> PAGE 62
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
SYNOPSYS INC COM 871607107 6788 150000 SH DEFINED 0131 150000
SYNOPSYS INC COM 871607107 195 4300 SH DEFINED 0103 4300
SYNOPTICS COMM 144A CONV BOND 871609AA1 24250 25000000 PRN DEFINED 0130 25000000
SYNOPTICS COMM COM 871609103 2879 103300 SH DEFINED 0126 103300
SYNOPTICS COMM COM 871609103 2054 73700 SH DEFINED 0106 73700
SYNOPTICS COMM COM 871609103 13938 500000 SH DEFINED 0111 500000
SYNOPTICS COMM COM 871609103 6272 225000 SH DEFINED 0124 225000
SYNOPTICS COMM COM 871609103 479 17200 SH DEFINED 011622 17200
SYNOPTICS COMM COM 871609103 1026 36800 SH DEFINED 011623 36800
SYNOPTICS COMM COM 871609103 1115 40000 SH DEFINED 011620 40000
SYNOPTICS COMM COM 871609103 1394 50000 SH DEFINED 011614 50000
SYNOPTICS COMM COM 871609103 2230 80000 SH DEFINED 0102 80000
SYNOPTICS COMM COM 871609103 2592 93000 SH DEFINED 0131 93000
SYNOPTICS COMM COM 871609103 778 27900 SH DEFINED 0103 27900
SYNOPTICS COMM COM 871609103 1115 40000 SH DEFINED 01 40000
SYNTEX COM 871616108 11113 700000 SH DEFINED 0113 700000
SYNTEX COM 871616108 91 5705 SH DEFINED 0103 5705
SYSCO CORPORATION COM 871829107 8775 300000 SH DEFINED 0108 300000
SYSCO CORPORATION COM 871829107 8775 300000 SH DEFINED 011618 300000
SYSCO CORPORATION COM 871829107 141 4821 SH DEFINED 0103 4821
SYSTEM SOFTWARE ASSC COM 871839106 1068 70000 SH DEFINED 011620 70000
SYSTEM SOFTWARE ASSC COM 871839106 3142 206000 SH DEFINED 01 206000
TECO ENERGY COM 872375100 4299 190000 SH DEFINED 0132 190000
TIG HOLDINGS COM 872469101 11313 500000 SH DEFINED 0113 500000
TIG HOLDINGS COM 872469101 7919 350000 SH DEFINED 0124 350000
TJX COS COM 872540109 57 1969 SH DEFINED 0103 1969
TRW COM 872649108 109 1574 SH DEFINED 0103 1574
TANDEM COMPUTERS COM 875370108 31 2852 SH DEFINED 0103 2852
TANDY CORP COM 875382103 84 1700 SH DEFINED 0102 1700
TANDY CORP COM 875382103 1217 24573 SH DEFINED 0103 23000 1573
TANGER FACTORY COM 875465106 2588 90000 SH DEFINED 0106 90000
TANGER FACTORY COM 875465106 2875 100000 SH DEFINED 0107 100000
TANGER FACTORY COM 875465106 1869 65000 SH DEFINED 011614 65000
TANGER FACTORY COM 875465106 6469 225000 SH DEFINED 0131 225000
TANGER FACTORY COM 875465106 152 5300 SH DEFINED 0103 5300
TAUBMAN CENTERS INC COM 876664103 8943 769300 SH DEFINED 0113 769300
TEKTRONIX COM 879131100 18 787 SH DEFINED 0103 787
TELECABLE COM 879190106 768 16000 SH DEFINED 0102 16000
TELE-COMMUNICATION A COM 879240109 42 1400 SH DEFINED 0125 1400
TELE-COMMUNICATION A COM 879240109 3630 120000 SH DEFINED 011622 120000
TELE-COMMUNICATION A COM 879240109 8016 265000 SH DEFINED 011623 265000
TELE-COMMUNICATION A COM 879240109 16638 550000 SH DEFINED 011516 550000
TELE-COMMUNICATION A COM 879240109 19663 650000 SH DEFINED 011618 650000
TELE-COMMUNICATION A COM 879240109 6 200 SH DEFINED 0102 200
TELE-COMMUNICATION A COM 879240109 4538 150000 SH DEFINED 0131 150000
TELE-COMMUNICATION A COM 879240109 351 11618 SH DEFINED 0103 11618
TELE-COMMUNICATION A COM 879240109 5899 195000 SH DEFINED 01 195000
NEW ZEALAND TELPHONE COM 879278208 26578 525000 SH DEFINED 0130 525000
NEW ZEALAND TELPHONE COM 879278208 6328 125000 SH DEFINED 0132 125000
NEW ZEALAND TELPHONE COM 879278208 15188 300000 SH DEFINED 011516 300000
<PAGE> PAGE 63
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TELECOMASIA GDR 144A COM 87928D107 431 7200 SH DEFINED 0106 7200
TELECOMASIA GDR 144A COM 87928D107 647 10800 SH DEFINED 0132 10800
TELECOMASIA GDR 144A COM 87928D107 1431 23900 SH DEFINED 0124 23900
TELECOMASIA GDR 144A COM 87928D107 1533 25600 SH DEFINED 011618 25600
TELECOMASIA GDR 144A COM 87928D107 323 5400 SH DEFINED 011614 5400
TELECOMASIA GDR 144A COM 87928D107 755 12600 SH DEFINED 0131 12600
TELECOMASIA GDR 144A COM 87928D107 54 900 SH DEFINED 0103 900
TELEDYNE COM 879335107 36 1376 SH DEFINED 0103 1376
TELEFLEX INC COM 879369106 10438 282100 SH DEFINED 0108 282100
TELEFONICA DE ESPANA COM 879382208 4875 125000 SH DEFINED 0132 125000
TELEFONOS DE MEXICO COM 879403780 13500 200000 SH DEFINED 0111 200000
TELEFONOS DE MEXICO COM 879403780 8438 125000 SH DEFINED 0132 125000
TELEFONOS DE MEXICO COM 879403780 13500 200000 SH DEFINED 0124 200000
TELEFONOS DE MEXICO COM 879403780 5549 82200 SH DEFINED 0112 82200
TELEFONOS DE MEXICO COM 879403780 12150 180000 SH DEFINED 011618 180000
TELEFONOS DE MEXICO COM 879403780 1013 15000 SH DEFINED 011620 15000
TELEFONOS DE MEXICO COM 879403780 5103 75600 SH DEFINED 011617 75600
TELEFONOS DE MEXICO COM 879403780 2 30 SH DEFINED 0102 30
TELEFONOS DE MEXICO COM 879403780 12826 190000 SH DEFINED 0131 190000
TELEFONOS DE MEXICO COM 879403780 304 4500 SH DEFINED 0103 4500
TELEFONOS DE MEXICO COM 879403780 18293 271000 SH DEFINED 01 35000 236000
TELLABS COM 879664100 8505 180000 SH DEFINED 0106 180000
TELLABS COM 879664100 21263 450000 SH DEFINED 0111 450000
TELLABS COM 879664100 5434 115000 SH DEFINED 011614 115000
TELLABS COM 879664100 10422 220500 SH DEFINED 0102 220500
TELLABS COM 879664100 170 3600 SH DEFINED 0103 3600
TEMPEST REINS PRIVAT COM 8798009A0 7633 80000 SH DEFINED 0108 80000
TEMPEST REINS PRIVAT COM 8798009A0 2862 30000 SH DEFINED 0128 30000
TEMPEST REINS PRIVAT COM 8798009A0 7633 80000 SH DEFINED 0124 80000
TEMPEST REINS PRIVAT COM 8798009A0 7347 77000 SH DEFINED 0131 77000
TEMPEST REINS PRIVAT COM 8798009A0 286 3000 SH DEFINED 0103 3000
TEMPLE INLAND COM 879868107 69 1376 SH DEFINED 0103 1376
TENNECO INC COM 880370101 21050 400000 SH DEFINED 0130 400000
TENNECO INC COM 880370101 10525 200000 SH DEFINED 0108 200000
TENNECO INC COM 880370101 495 9400 SH DEFINED 0125 9400
TENNECO INC COM 880370101 13156 250000 SH DEFINED 011516 250000
TENNECO INC COM 880370101 15788 300000 SH DEFINED 011618 300000
TENNECO INC COM 880370101 1316 25000 SH DEFINED 011620 25000
TENNECO INC COM 880370101 98940 1880127 SH DEFINED 0102 585900 1294227
TENNECO INC COM 880370101 5789 110000 SH DEFINED 0131 110000
TENNECO INC COM 880370101 5615 106679 SH DEFINED 0103 89550 17129
TENNECO INC COM 880370101 8631 164000 SH DEFINED 01 164000
TENNECO PERC CVT CONV PFD STOCK 880370697 13609 325000 SH DEFINED 0130 325000
TENNECO PERC CVT CONV PFD STOCK 880370697 3664 87500 SH DEFINED 0132 87500
TENNECO PERC CVT CONV PFD STOCK 880370697 10469 250000 SH DEFINED 011618 250000
TENNECO PERC CVT CONV PFD STOCK 880370697 6114 146000 SH DEFINED 0131 146000
TENNECO PERC CVT CONV PFD STOCK 880370697 12688 303000 SH DEFINED 01 129000 174000
TENNECO SRS B $100 PREFERRED STOCK 880370721 8615 86151 SH DEFINED 0105 86151
TENNECO SRS B $100 PREFERRED STOCK 880370721 1746 17460 SH DEFINED 01 17460
TENNECO SRS B $100 PREFERRED STOCK 880370721 437 4369 SH DEFINED 01 4369
<PAGE> PAGE 64
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TEXACO COM 881694103 27466 425000 SH DEFINED 0130 425000
TEXACO COM 881694103 27466 425000 SH DEFINED 0113 425000
TEXACO COM 881694103 9048 140000 SH DEFINED 0132 140000
TEXACO COM 881694103 3231 50000 SH DEFINED 0107 50000
TEXACO COM 881694103 7685 118900 SH DEFINED 0102 63400 55500
TEXACO COM 881694103 9048 140000 SH DEFINED 0131 140000
TEXACO COM 881694103 862 13341 SH DEFINED 0103 13341
TEXAS INSTRUMENTS COM 882508104 147 2313 SH DEFINED 0103 2313
TEXAS UTILITIES COM 882848104 19463 450000 SH DEFINED 0113 450000
TEXAS UTILITIES COM 882848104 10380 240000 SH DEFINED 0132 240000
TEXAS UTILITIES COM 882848104 243 5607 SH DEFINED 0103 5607
TEXTRON INC COM 883203101 16019 275000 SH DEFINED 0113 275000
TEXTRON INC COM 883203101 11650 200000 SH DEFINED 0131 200000
TEXTRON INC COM 883203101 685 11763 SH DEFINED 0103 11763
THERMADYNE HDS CL B COM 883434201 1 120000 SH DEFINED 0104 120000
THIOKOL CORP COM 884103102 9275 350000 SH DEFINED 0108 350000
THIOKOL CORP COM 884103102 3048 115000 SH DEFINED 0128 115000
THOMAS & BETTS COM 884315102 29 493 SH DEFINED 0103 493
3 COM CORP COM 885535104 1316 28000 SH DEFINED 011619 28000
TIME WARNER INC COM 887315109 115050 2600000 SH DEFINED 0126 2600000
TIME WARNER INC COM 887315109 137 3100 SH DEFINED 0125 3100
TIME WARNER INC COM 887315109 7854 177500 SH DEFINED 011622 177500
TIME WARNER INC COM 887315109 17258 390000 SH DEFINED 011623 390000
TIME WARNER INC COM 887315109 17700 400000 SH DEFINED 011618 400000
TIME WARNER INC COM 887315109 22 500 SH DEFINED 0102 500
TIME WARNER INC COM 887315109 480 10842 SH DEFINED 0103 10842
TIMES MIRROR CL A COM 887360105 112 3346 SH DEFINED 0103 3346
TIMKEN CO. COM 887389104 26 787 SH DEFINED 0103 787
TOOTSIE ROLL INDS COM 890516107 14935 210349 SH DEFINED 011516 210349
TOOTSIE ROLL INDS COM 890516107 746 10509 SH DEFINED 011619 10509
TORCHMARK CORP COM 891027104 86 1900 SH DEFINED 0125 1900
TORCHMARK CORP COM 891027104 14 300 SH DEFINED 0102 300
TORCHMARK CORP COM 891027104 120 2669 SH DEFINED 0103 2669
TOTAL COM 89151E109 6103 225000 SH DEFINED 0108 225000
TOTAL COM 89151E109 3888 143342 SH DEFINED 0128 143342
TOTAL COM 89151E109 10361 381960 SH DEFINED 0102 169200 212760
TOTAL COM 89151E109 9494 350000 SH DEFINED 0131 350000
TOTAL COM 89151E109 502 18500 SH DEFINED 0103 18500
TOWN & COUNTRY COM 892081100 3260 160000 SH DEFINED 0131 160000
TOWN & COUNTRY COM 892081100 157 7700 SH DEFINED 0103 7700
TOYS R US COM 892335100 380 9300 SH DEFINED 0125 9300
TOYS R US COM 892335100 11163 273237 SH DEFINED 0102 88950 184287
TOYS R US COM 892335100 2677 65476 SH DEFINED 0103 54200 11276
TOYS R US COM 892335100 1839 45000 SH DEFINED 01 45000
TRANSAMERICA CORP COM 893485102 112 1966 SH DEFINED 0103 1966
TRANSATLANTIC HLDS COM 893521104 7856 150000 SH DEFINED 0108 150000
TRANSCANADA PIPELINE COM 893526103 3844 250000 SH DEFINED 0132 250000
TRANSCO ENERGY CO COM 893532101 15 1083 SH DEFINED 0103 1083
TRANSCO ENERGY PREFERRED STOCK 893532309 5434 105000 SH DEFINED 0132 105000
TRANS CONTL GAS PREFERRED STOCK 893570218 476 4763 SH DEFINED 0113 4763
<PAGE> PAGE 65
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
TRAVELERS COM 894180108 21788 700000 SH DEFINED 0130 700000
TRAVELERS COM 894180108 24900 800000 SH DEFINED 0113 800000
TRAVELERS COM 894180108 10894 350000 SH DEFINED 011516 350000
TRAVELERS COM 894180108 15563 500000 SH DEFINED 011618 500000
TRAVELERS COM 894180108 1089 35000 SH DEFINED 011620 35000
TRAVELERS COM 894180108 9338 300000 SH DEFINED 0131 300000
TRAVELERS COM 894180108 639 20539 SH DEFINED 0103 20539
TRIANGLE WIRE CABLE WARRANT 895900991 1 50000 SH DEFINED 0104 50000
TRIANGLE WIRE CABLE WARRANT 895900991 1 130000 SH DEFINED 0109 130000
TRIANGLE WIRE CABLE WARRANT 895900991 0 20000 SH DEFINED 011621 20000
TRIAD MORTGAGE GROUP COM 895925105 488 30000 SH DEFINED 011619 30000
TRIBUNE CO COM 896047107 101 1672 SH DEFINED 0103 1672
TRINITY INDUSTRIES COM 896522109 1106 25650 SH DEFINED 0103 25650
TRINOVA CORP COM 896678109 22 688 SH DEFINED 0103 688
TRI QUINT COM 89674K103 809 66000 SH DEFINED 0106 66000
TRI QUINT COM 89674K103 735 60000 SH DEFINED 011619 60000
TRI QUINT COM 89674K103 919 75000 SH DEFINED 011620 75000
TRI QUINT COM 89674K103 637 52000 SH DEFINED 011614 52000
TRI QUINT COM 89674K103 1005 82000 SH DEFINED 0131 82000
TURNER BROADCAST B COM 900262502 5400 200000 SH DEFINED 0111 200000
TURNER BROADCAST B COM 900262502 13500 500000 SH DEFINED 011516 500000
TURNER BROADCAST B COM 900262502 9450 350000 SH DEFINED 011618 350000
TYCO LABORATORIES COM 902120104 5163 100000 SH DEFINED 0111 100000
TYCO LABORATORIES COM 902120104 5 100 SH DEFINED 0125 100
TYCO LABORATORIES COM 902120104 5841 113150 SH DEFINED 0102 113150
TYCO LABORATORIES COM 902120104 1698 32881 SH DEFINED 0103 31700 1181
TYCO LABORATORIES COM 902120104 8281 160400 SH DEFINED 01 160400
UAL CORP COM 902549104 91 623 SH DEFINED 0103 623
USX CORP $50 CONV PFD STOCK 902905819 22125 375000 SH DEFINED 0130 375000
USX CORP $50 CONV PFD STOCK 902905819 4425 75000 SH DEFINED 0107 75000
USX MARATHON GROUP COM 902905827 120 7279 SH DEFINED 0103 7279
UST INC COM 902911106 20119 725000 SH DEFINED 0130 725000
UST INC COM 902911106 3483 125500 SH DEFINED 0125 125500
UST INC COM 902911106 58275 2100000 SH DEFINED 011516 2100000
UST INC COM 902911106 11100 400000 SH DEFINED 011618 400000
UST INC COM 902911106 480 17300 SH DEFINED 0102 17300
UST INC COM 902911106 1559 56210 SH DEFINED 0103 56210
UST INC COM 902911106 322 11600 SH DEFINED 01 11600
UNUM CORP COM 903192102 22838 435000 SH DEFINED 011516 435000
U S F & G CORP COM 903290104 32 2165 SH DEFINED 0103 2165
USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 0129 600000
USLICO CORP CONV BOND 903297AB5 1248 1200000 PRN DEFINED 0104 1200000
USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 0109 600000
USLICO CORP CONV BOND 903297AB5 624 600000 PRN DEFINED 011621 600000
USX-US STEEL GROUP COM 90337T101 195 4500 SH DEFINED 0125 4500
USX-US STEEL GROUP COM 90337T101 481 11100 SH DEFINED 0102 11100
USX-US STEEL GROUP COM 90337T101 146 3371 SH DEFINED 0103 3371
ULTRAMAR COM 903912103 1675 66000 SH DEFINED 0107 66000
UNIFI CONV BOND 904677AC5 19425 17500000 PRN DEFINED 0130 17500000
UNIFI, INC. COM 904677101 6181 230000 SH DEFINED 011618 230000
<PAGE> PAGE 66
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
UNIFI, INC. COM 904677101 1344 50000 SH DEFINED 011620 50000
UNIFI, INC. COM 904677101 2498 92935 SH DEFINED 01 92935
UNILEVER NV NY SHRS COM 904784501 5775 50000 SH DEFINED 0124 50000
UNILEVER NV NY SHRS COM 904784501 566 4900 SH DEFINED 0125 4900
UNILEVER NV NY SHRS COM 904784501 81 700 SH DEFINED 0102 700
UNILEVER NV NY SHRS COM 904784501 708 6132 SH DEFINED 0103 6132
UNION CAMP CORP COM 905530101 21431 450000 SH DEFINED 0130 450000
UNION CAMP CORP COM 905530101 7144 150000 SH DEFINED 0108 150000
UNION CAMP CORP COM 905530101 23813 500000 SH DEFINED 0113 500000
UNION CAMP CORP COM 905530101 119 2500 SH DEFINED 0125 2500
UNION CAMP CORP COM 905530101 19 400 SH DEFINED 0102 400
UNION CAMP CORP COM 905530101 8334 175000 SH DEFINED 0131 175000
UNION CAMP CORP COM 905530101 508 10671 SH DEFINED 0103 10671
UNION CARBIDE CORP COM 905581104 86 3836 SH DEFINED 0103 3836
UNION ELECTRIC COM 906548102 104 2657 SH DEFINED 0103 2657
UNION PACIFIC CORP COM 907818108 23484 375000 SH DEFINED 0130 375000
UNION PACIFIC CORP COM 907818108 977 15600 SH DEFINED 0125 15600
UNION PACIFIC CORP COM 907818108 5192 82900 SH DEFINED 011618 82900
UNION PACIFIC CORP COM 907818108 138 2200 SH DEFINED 0102 2200
UNION PACIFIC CORP COM 907818108 734 11713 SH DEFINED 0103 11713
UNION TEXAS PETRO HL COM 908640105 12225 600000 SH DEFINED 0124 600000
UNISYS CORP COM 909214108 52 4131 SH DEFINED 0103 4131
UNISYS CORP $3.75 CONV PFD STOCK 909214207 2516 52000 SH DEFINED 0128 52000
UNISYS CORP $3.75 CONV PFD STOCK 909214207 6047 125000 SH DEFINED 0132 125000
UNISYS CORP $3.75 CONV PFD STOCK 909214207 6066 125400 SH DEFINED 0109 125400
UNISYS CORP $3.75 CONV PFD STOCK 909214207 4015 83000 SH DEFINED 0107 83000
UNISYS CORP $3.75 CONV PFD STOCK 909214207 8079 167000 SH DEFINED 0131 167000
UNISYS CORP $3.75 CONV PFD STOCK 909214207 508 10500 SH DEFINED 0103 10500
UNITED ASSET MGMT CO COM 909420101 14727 360300 SH DEFINED 011516 360300
UNITED HEALTHCARE COM 910581107 3035 40000 SH DEFINED 0106 40000
UNITED HEALTHCARE COM 910581107 18969 250000 SH DEFINED 0111 250000
UNITED HEALTHCARE COM 910581107 18969 250000 SH DEFINED 0124 250000
UNITED HEALTHCARE COM 910581107 2921 38500 SH DEFINED 011622 38500
UNITED HEALTHCARE COM 910581107 6510 85800 SH DEFINED 011623 85800
UNITED HEALTHCARE COM 910581107 7588 100000 SH DEFINED 011618 100000
UNITED HEALTHCARE COM 910581107 2200 29000 SH DEFINED 011614 29000
UNITED HEALTHCARE COM 910581107 3794 50000 SH DEFINED 0131 50000
UNITED INT'L HLDING COM 910734102 767 22400 SH DEFINED 011619 22400
UNITED INT'L HLDING COM 910734102 7330 214000 SH DEFINED 0102 214000
UNITED INT'L HLDING COM 910734102 110 3200 SH DEFINED 0103 3200
U.S. BANCORP COM 911596104 15625 625000 SH DEFINED 0113 625000
U.S. BANCORP COM 911596104 64 2558 SH DEFINED 0103 2558
U S BANKNOTE CORP COM 911623106 5100 800000 SH DEFINED 0111 800000
US AIR GROUP INC. COM 911905107 19 1476 SH DEFINED 0103 1476
US HEALTH CARE INC COM 911910107 20169 350000 SH DEFINED 0124 350000
US HEALTH CARE INC COM 911910107 8644 150000 SH DEFINED 011618 150000
US LONG DISTANCE COM 911912202 1884 132200 SH DEFINED 0106 132200
US LONG DISTANCE COM 911912202 570 40000 SH DEFINED 011619 40000
US LONG DISTANCE COM 911912202 1340 94000 SH DEFINED 011614 94000
US LONG DISTANCE COM 911912202 5398 378700 SH DEFINED 0102 378700
<PAGE> PAGE 67
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
US LONG DISTANCE COM 911912202 396 27800 SH DEFINED 0131 27800
US LONG DISTANCE COM 911912202 100 7000 SH DEFINED 0103 7000
U. S. SURGICAL CORP COM 912707106 675 30000 SH DEFINED 0106 30000
U. S. SURGICAL CORP COM 912707106 360 16000 SH DEFINED 011614 16000
U. S. SURGICAL CORP COM 912707106 1125 50000 SH DEFINED 0131 50000
U. S. SURGICAL CORP COM 912707106 31 1377 SH DEFINED 0103 1377
U S WEST COM 912889102 68813 1500000 SH DEFINED 0126 1500000
U S WEST COM 912889102 11469 250000 SH DEFINED 0132 250000
U S WEST COM 912889102 5922 129100 SH DEFINED 0125 129100
U S WEST COM 912889102 4588 100000 SH DEFINED 0107 100000
U S WEST COM 912889102 3441 75000 SH DEFINED 011622 75000
U S WEST COM 912889102 8074 176000 SH DEFINED 011623 176000
U S WEST COM 912889102 8258 180000 SH DEFINED 011618 180000
U S WEST COM 912889102 851 18550 SH DEFINED 0102 18550
U S WEST COM 912889102 8533 186000 SH DEFINED 0131 186000
U S WEST COM 912889102 3283 71558 SH DEFINED 0103 71558
U S WEST COM 912889102 96 2100 SH DEFINED 01 2100
UNITED TECHNOLOGIES COM 913017109 195 3148 SH DEFINED 0103 3148
UNITED TELECOM $100 PREFERRED STOCK 9130259A2 4236 42358 SH DEFINED 0105 42358
UNIVERSITY PATENTS COM 914802103 1225 200000 SH DEFINED 0106 200000
UNOCAL CORP COM 915289102 173 6199 SH DEFINED 0103 6199
UPJOHN COM 915302103 17475 600000 SH DEFINED 0113 600000
UPJOHN COM 915302103 129 4426 SH DEFINED 0103 4426
USLIFE CORP COM 917318107 23 591 SH DEFINED 0103 591
UTILICORP UNITED INC COM 918005109 6350 200000 SH DEFINED 0132 200000
V. F. CORP COM 918204108 73 1572 SH DEFINED 0103 1572
VAALREEFS EXP & MNG COM 918506403 1013 100000 SH DEFINED 0127 100000
VALENCE TECH COM 918914102 4270 280000 SH DEFINED 0106 280000
VALENCE TECH COM 918914102 3050 200000 SH DEFINED 0111 200000
VALENCE TECH COM 918914102 381 25000 SH DEFINED 011619 25000
VALENCE TECH COM 918914102 3027 198500 SH DEFINED 011614 198500
VALENCE TECH COM 918914102 6486 425400 SH DEFINED 0102 425400
VALENCE TECH COM 918914102 4179 274000 SH DEFINED 0131 274000
VALENCE TECH COM 918914102 102 6700 SH DEFINED 0103 6700
VANGUARD STAR FUND COM 921909107 1 92 SH DEFINED 01 92
VANGUARD CELL SYS COM 922022108 3656 125000 SH DEFINED 0106 125000
VANGUARD CELL SYS COM 922022108 731 25000 SH DEFINED 011619 25000
VANGUARD CELL SYS COM 922022108 2048 70000 SH DEFINED 011614 70000
VANGUARD CELL SYS COM 922022108 5048 172500 SH DEFINED 0102 172500
VANGUARD CELL SYS COM 922022108 2925 100000 SH DEFINED 0131 100000
VANGUARD CELL SYS COM 922022108 392 13400 SH DEFINED 0103 13400
VANGUARD INT'L IND-E COM 922042205 34 2832 SH DEFINED 0102 2832
VARITY CORP COM 92224R602 40 885 SH DEFINED 0103 885
VARITY CORP COM 92224R602 5218 116600 SH DEFINED 01 116600
VENTRITEX INC COM 922814108 4710 120000 SH DEFINED 0106 120000
VENTRITEX INC COM 922814108 3729 95000 SH DEFINED 011614 95000
VENTRITEX INC COM 922814108 5327 135700 SH DEFINED 0102 135700
VENTRITEX INC COM 922814108 4514 115000 SH DEFINED 0131 115000
VENTRITEX INC COM 922814108 94 2400 SH DEFINED 0103 2400
VERITAS SOFTWARE COM 923436109 143 8300 SH DEFINED 0106 8300
<PAGE> PAGE 68
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
VERITAS SOFTWARE COM 923436109 114 6600 SH DEFINED 011614 6600
VIAGENE COM 92552T105 526 54600 SH DEFINED 0106 54600
VIAGENE COM 92552T105 116 12000 SH DEFINED 011619 12000
VIAGENE COM 92552T105 422 43800 SH DEFINED 011614 43800
VIAGENE COM 92552T105 670 69600 SH DEFINED 0131 69600
VIACOM INC CL B COM 925524308 13463 300000 SH DEFINED 0126 300000
VIACOM INC CL B COM 925524308 2244 50000 SH DEFINED 0106 50000
VIACOM INC CL B COM 925524308 6731 150000 SH DEFINED 0111 150000
VIACOM INC CL B COM 925524308 2244 50000 SH DEFINED 011622 50000
VIACOM INC CL B COM 925524308 4936 110000 SH DEFINED 011623 110000
VIACOM INC CL B COM 925524308 4600 102500 SH DEFINED 011516 102500
VIACOM INC CL B COM 925524308 898 20000 SH DEFINED 011614 20000
VIACOM INC CL B COM 925524308 108 2400 SH DEFINED 0102 2400
VIACOM INC CL B COM 925524308 6731 150000 SH DEFINED 0131 150000
VIEW LOGIC COM 926721101 3526 155000 SH DEFINED 0106 155000
VIEW LOGIC COM 926721101 1138 50000 SH DEFINED 011620 50000
VIEW LOGIC COM 926721101 2616 115000 SH DEFINED 011614 115000
VIEW LOGIC COM 926721101 5479 240800 SH DEFINED 0102 240800
VIEW LOGIC COM 926721101 4550 200000 SH DEFINED 0131 200000
VIEW LOGIC COM 926721101 111 4900 SH DEFINED 0103 4900
VIRATEK INC COM 927648105 1344 125000 SH DEFINED 011614 125000
VIRGINIA-AMER WTR CO PREFERRED STOCK 927990200 250 2800 SH DEFINED 0113 2800
VISHAY INTRTECHNOLOG COM 928298108 8781 250000 SH DEFINED 0124 250000
VISHAY INTRTECHNOLOG COM 928298108 18441 525000 SH DEFINED 011516 525000
VISHAY INTRTECHNOLOG COM 928298108 12294 350000 SH DEFINED 011618 350000
VISHAY INTRTECHNOLOG COM 928298108 507 14415 SH DEFINED 0102 14415
VISHAY INTRTECHNOLOG COM 928298108 889 25305 SH DEFINED 0103 25305
VISHAY INTRTECHNOLOG COM 928298108 9519 271000 SH DEFINED 01 271000
VODAFONE GROUP ADR COM 92857T107 8925 100000 SH DEFINED 0130 100000
VODAFONE GROUP ADR COM 92857T107 3570 40000 SH DEFINED 0106 40000
VODAFONE GROUP ADR COM 92857T107 8925 100000 SH DEFINED 011516 100000
VODAFONE GROUP ADR COM 92857T107 2321 26000 SH DEFINED 011614 26000
VODAFONE GROUP ADR COM 92857T107 54 600 SH DEFINED 0102 600
VODAFONE GROUP ADR COM 92857T107 8033 90000 SH DEFINED 0131 90000
VODAFONE GROUP ADR COM 92857T107 714 8000 SH DEFINED 0103 8000
VODAFONE GROUP ADR COM 92857T107 7577 84900 SH DEFINED 01 84900
WICOR INC COM 929253102 6139 194900 SH DEFINED 0132 194900
WMX TECHNOLOGIES INC COM 92929Q107 135 5100 SH DEFINED 0102 5100
WMX TECHNOLOGIES INC COM 92929Q107 332 12593 SH DEFINED 0103 12593
WABAN INC CVT CONV BOND 929394AA2 23375 25000000 PRN DEFINED 011516 25000000
WABAN INC CVT CONV BOND 929394AA2 935 1000000 PRN DEFINED 011620 1000000
WABAN INC COM 929394104 4633 340000 SH DEFINED 0128 340000
WABAN INC COM 929394104 4088 300000 SH DEFINED 0131 300000
WABAN INC COM 929394104 218 16000 SH DEFINED 0103 16000
WABASH NATL COM 929566107 680 20000 SH DEFINED 011619 20000
WABASH NATL COM 929566107 1020 30000 SH DEFINED 011620 30000
WABASH NATL COM 929566107 2788 82000 SH DEFINED 01 82000
WACHOVIA CORP COM 929771103 147 4399 SH DEFINED 0103 4399
WAL MART STORES COM 931142103 25000 1000000 SH DEFINED 0126 1000000
WAL MART STORES COM 931142103 7500 300000 SH DEFINED 0111 300000
<PAGE> PAGE 69
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WAL MART STORES COM 931142103 2423 96900 SH DEFINED 0125 96900
WAL MART STORES COM 931142103 2500 100000 SH DEFINED 011622 100000
WAL MART STORES COM 931142103 5375 215000 SH DEFINED 011623 215000
WAL MART STORES COM 931142103 12500 500000 SH DEFINED 011516 500000
WAL MART STORES COM 931142103 8750 350000 SH DEFINED 011618 350000
WAL MART STORES COM 931142103 109573 4381763 SH DEFINED 0102 1601600 2780163
WAL MART STORES COM 931142103 8750 350000 SH DEFINED 0131 350000
WAL MART STORES COM 931142103 7336 293368 SH DEFINED 0103 195050 98318
WAL MART STORES COM 931142103 2348 93900 SH DEFINED 01 93900
WALGREEN CO. COM 931422109 33 800 SH DEFINED 0125 800
WALGREEN CO. COM 931422109 47211 1155000 SH DEFINED 011516 1155000
WALGREEN CO. COM 931422109 4 100 SH DEFINED 0102 100
WALGREEN CO. COM 931422109 145 3548 SH DEFINED 0103 3548
WARNER LAMBERT CO COM 934488107 16875 250000 SH DEFINED 0113 250000
WARNER LAMBERT CO COM 934488107 8438 125000 SH DEFINED 0124 125000
WARNER LAMBERT CO COM 934488107 239 3543 SH DEFINED 0103 3543
WASHINGTON GAS LIGHT COM 938837101 2904 70400 SH DEFINED 0132 70400
WASHINGTON WATER POW COM 940688104 5625 300000 SH DEFINED 0132 300000
WAXMAN IND WARRANTS WARRANT 944124999 188 150000 SH DEFINED 0105 150000
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0104 32502
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0109 32502
WELLFLEET COMM INC COM 949497101 19350 300000 SH DEFINED 011516 300000
WELLFLEET COMM INC COM 949497101 774 12000 SH DEFINED 011619 12000
WELLFLEET COMM INC COM 949497101 10701 165900 SH DEFINED 0102 165900
WELLFLEET COMM INC COM 949497101 206 3200 SH DEFINED 0103 3200
WELLMAN INC COM 949702104 3750 200000 SH DEFINED 0128 200000
WELLMAN INC COM 949702104 23240 1239430 SH DEFINED 0102 434300 805130
WELLMAN INC COM 949702104 4500 240000 SH DEFINED 0131 240000
WELLS FARGO & CO COM 949740104 191 1476 SH DEFINED 0103 1476
WELLSFORD RES PROP COM 950241109 344 13300 SH DEFINED 0107 13300
WENDYS INTL INC COM 950590109 12163 700000 SH DEFINED 0126 700000
WENDYS INTL INC COM 950590109 3475 200000 SH DEFINED 0111 200000
WENDYS INTL INC COM 950590109 1171 67400 SH DEFINED 0125 67400
WENDYS INTL INC COM 950590109 2606 150000 SH DEFINED 011622 150000
WENDYS INTL INC COM 950590109 5908 340000 SH DEFINED 011623 340000
WENDYS INTL INC COM 950590109 6081 350000 SH DEFINED 011618 350000
WENDYS INTL INC COM 950590109 1571 90294 SH DEFINED 0102 90294
WENDYS INTL INC COM 950590109 1321 76058 SH DEFINED 0103 46200 29858
WENDYS INTL INC COM 950590109 737 42400 SH DEFINED 01 42400
WESTCOAST ENERGY COM 95751D102 20625 1250000 SH DEFINED 0130 1250000
WESTCOAST ENERGY COM 95751D102 4950 300000 SH DEFINED 0132 300000
WESTCOAST ENERGY COM 95751D102 16500 1000000 SH DEFINED 0124 1000000
WESTCOAST ENERGY COM 95751D102 1650 100000 SH DEFINED 0107 100000
WESTCOAST ENERGY COM 95751D102 4950 300000 SH DEFINED 011618 300000
WESTCOAST ENERGY COM 95751D102 3069 186000 SH DEFINED 01 186000
WEST DEEP LEVELS ADR COM 958077208 1455 30000 SH DEFINED 0127 30000
WESTERN RES COM 959425109 7149 205000 SH DEFINED 0132 205000
WESTERN RESOURCE INC PREFERRED STOCK 959425406 603 10000 SH DEFINED 0113 10000
WESTFED HLDGS SER B COM 960080109 0 13019 SH DEFINED 0104 13019
WESTFED HLDGS SER B COM 960080109 0 21699 SH DEFINED 0109 21699
<PAGE> PAGE 70
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
WESTFED SER A PIK PREFERRED STOCK 960080208 43 42753 SH DEFINED 0104 42753
WESTFED SER A PIK PREFERRED STOCK 960080208 71 71264 SH DEFINED 0109 71264
WESTINGHOUSE ELEC COM 960402105 8475 600000 SH DEFINED 0124 600000
WESTINGHOUSE ELEC COM 960402105 125 8852 SH DEFINED 0103 8852
WESTVACO CORP COM 961548104 14250 400000 SH DEFINED 0113 400000
WESTVACO CORP COM 961548104 63 1772 SH DEFINED 0103 1772
WEYERHAEUSER COM 962166104 26775 600000 SH DEFINED 0130 600000
WEYERHAEUSER COM 962166104 11156 250000 SH DEFINED 0108 250000
WEYERHAEUSER COM 962166104 20528 460000 SH DEFINED 0126 460000
WEYERHAEUSER COM 962166104 31238 700000 SH DEFINED 0124 700000
WEYERHAEUSER COM 962166104 357 8000 SH DEFINED 0125 8000
WEYERHAEUSER COM 962166104 2901 65000 SH DEFINED 0107 65000
WEYERHAEUSER COM 962166104 10710 240000 SH DEFINED 011618 240000
WEYERHAEUSER COM 962166104 159319 3570216 SH DEFINED 0102 1372700 2197516
WEYERHAEUSER COM 962166104 6996 156812 SH DEFINED 0103 148200 8612
WEYERHAEUSER COM 962166104 30257 678000 SH DEFINED 01 678000
WHIRLPOOL CORP COM 963320106 118 1770 SH DEFINED 0103 1770
WHITMAN CORP COM 96647K102 45 2754 SH DEFINED 0103 2754
WILLAMETTE IND INC COM 969133107 9900 200000 SH DEFINED 0108 200000
WILLAMETTE IND INC COM 969133107 1238 25000 SH DEFINED 011620 25000
WILLIAM COMPANIES COM 969457100 57 2348 SH DEFINED 0103 2348
WILLIAMS SONOMA COM 969904101 64 1550 SH DEFINED 0102 1550
WILLIAMS SONOMA COM 969904101 891 21600 SH DEFINED 0103 21600
WINN-DIXIE COM 974280109 105 1967 SH DEFINED 0103 1967
WINTSON FURN COM 975629106 475 40000 SH DEFINED 0107 40000
WISCONSIN ELEC PWR PREFERRED STOCK 976656702 86 854 SH DEFINED 0116 854
WITCO CORP COM 977385103 11953 375000 SH DEFINED 0130 375000
WITCO CORP COM 977385103 3188 100000 SH DEFINED 0107 100000
WOOLWORTH CORP COM 980883102 85 3344 SH DEFINED 0103 3344
WORTHINGTON IND COM 981811102 12813 625000 SH DEFINED 0108 625000
WORTHINGTON IND COM 981811102 12410 605350 SH DEFINED 0102 279700 325650
WORTHINGTON IND COM 981811102 48 2362 SH DEFINED 0103 2362
WRIGLEY WM JR CO COM 982526105 11693 265000 SH DEFINED 011516 265000
WRIGLEY WM JR CO COM 982526105 135 3051 SH DEFINED 0103 3051
XOMA CORP WARRANTS WARRANT 983907999 3 4142 SH DEFINED 011516 4142
XIRCOM INC COM 983922105 1700 100000 SH DEFINED 0106 100000
XIRCOM INC COM 983922105 799 47000 SH DEFINED 011619 47000
XIRCOM INC COM 983922105 1700 100000 SH DEFINED 011614 100000
XIRCOM INC COM 983922105 5468 321600 SH DEFINED 0102 321600
XIRCOM INC COM 983922105 102 6000 SH DEFINED 0103 6000
XEROX COM 984121103 29047 325000 SH DEFINED 0130 325000
XEROX COM 984121103 17875 200000 SH DEFINED 0126 200000
XEROX COM 984121103 24578 275000 SH DEFINED 0113 275000
XEROX COM 984121103 4424 49500 SH DEFINED 0125 49500
XEROX COM 984121103 8938 100000 SH DEFINED 011618 100000
XEROX COM 984121103 15702 175680 SH DEFINED 0102 46350 129330
XEROX COM 984121103 8938 100000 SH DEFINED 0131 100000
XEROX COM 984121103 3275 36656 SH DEFINED 0103 9100 27556
XEROX COM 984121103 6972 78000 SH DEFINED 01 78000
YPF COM 984245100 10400 400000 SH DEFINED 0124 400000
<PAGE> PAGE 71
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
NAME OF ISSUER -TITLE OF CLASS- --CUSIP-- (x$1000) PRN AMT PRN CALL DSCRETN -MANAGERS- SOLE SHARED NONE
YPF COM 984245100 9100 350000 SH DEFINED 011618 350000
YPF COM 984245100 1560 60000 SH DEFINED 0131 60000
YELLOW CORPORATION COM 985509108 17 688 SH DEFINED 0103 688
YORK INTL CORP NEW COM 986670107 4583 130000 SH DEFINED 011618 130000
YOUNKERS INC COM 987767100 2930 130200 SH DEFINED 0128 130200
YOUNKERS INC COM 987767100 1211 53800 SH DEFINED 0131 53800
YOUNKERS INC COM 987767100 113 5000 SH DEFINED 0103 5000
ZENITH ELECTRONICS COM 989349105 5 688 SH DEFINED 0103 688
ZERO CORP COM 989484100 2941 182400 SH DEFINED 0128 182400
ZURN INDUSTRIES COM 989824107 8 295 SH DEFINED 0103 295
ZOLL MEDICAL COM 989922109 3300 110000 SH DEFINED 0106 110000
ZOLL MEDICAL COM 989922109 900 30000 SH DEFINED 011619 30000
ZOLL MEDICAL COM 989922109 2700 90000 SH DEFINED 011614 90000
ZOLL MEDICAL COM 989922109 5928 197600 SH DEFINED 0102 197600
ZOLL MEDICAL COM 989922109 4200 140000 SH DEFINED 0131 140000
ZOLL MEDICAL COM 989922109 96 3200 SH DEFINED 0103 3200
FEDERAL INCOME FUND COM 990008443 154789 13272905 SH DEFINED 0103 11284803 1988102
EQY BASE INDEX COM 990008450 88808 7306292 SH DEFINED 0103 7306292
MANAGED GIC FUND COM 990009326 83472 3907135 SH DEFINED 0103 3907135
REPORT SUMMARY 3419 DATA RECORDS 25627660 34 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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