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Previous: DREYFUS LAUREL FUNDS INC, 497, 1995-06-12 |
Next: COLUMBIA LABORATORIES INC, DEF 14A, 1995-06-12 |
<TABLE>
<C> <C>
<PAGE> PAGE 1
SECURITIES AND EXCHANGE COMMISSION
FORM 13F-E
Report for the Calendar Year or Quarter Ended: 03/31/95
Institutional Investment Manager:
AMERICAN EXPRESS 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:
J. R. AMUNDSON V.P.INVESTMENT ACCOUNTING (612) 671-3517
Signature, Place and Date of Signing:
/s/ J. R. AMUNDSON MINNEAPOLIS MN 03/31/95
Other Managers on Whose Behalf this Report is Filed:
01 AMERICAN EXPRESS COMPANY 028-00698
03 AMERICAN EXPRESS TRUST COMPANY 028-01151
34 AMERICAN PARTNERS LIFE
02 IDS ADVISORY GROUP, INC. 028-02069
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
35 IDS GLOBAL GROWTH FUND
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
<PAGE> PAGE 2
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
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 7575 300000 SH DEFINED 0108 300000
ACE LIMITED COM G0070K103 30300 1200000 SH DEFINED 011516 1200000
CHINA YACHAI INT'L COM G21082105 6290 680000 SH DEFINED 0124 680000
PACIFIC BASIN COM G68437121 2775 200000 SH DEFINED 0124 200000
TOMMY HILFIGER COM G8915Z102 3397 154400 SH DEFINED 0102 154400
TOMMY HILFIGER COM G8915Z102 4180 190000 SH DEFINED 0131 190000
TOMMY HILFIGER COM G8915Z102 246 11200 SH DEFINED 0103 11200
ELSAY BAILEY PROCS A COM N2925S101 2100 75000 SH DEFINED 0106 75000
ELSAY BAILEY PROCS A COM N2925S101 2240 80000 SH DEFINED 011620 80000
ELSAY BAILEY PROCS A COM N2925S101 3743 133676 SH DEFINED 01 133676
MADGE NV COM N5424G106 1052 45000 SH DEFINED 011619 45000
ORTHOFIX INTL COM N6748L102 4704 265000 SH DEFINED 0128 265000
PANAMERICAN BEV COM P74823108 1724 66000 SH DEFINED 0128 66000
PANAMERICAN BEV COM P74823108 5225 200000 SH DEFINED 011516 200000
LAND & HOUSE COM Y5172C115 0 1 SH DEFINED 01 1
RELIANCE INDUSTRIES COM Y72570115 0 1 SH DEFINED 01 1
ACS ENTERPRISES INC COM 000872309 7250 400000 SH DEFINED 011516 400000
ADC TELECOM COM 000886101 6567 222600 SH DEFINED 011614 222600
ADC TELECOM COM 000886101 19371 656600 SH DEFINED 0102 656600
ADC TELECOM COM 000886101 4478 151800 SH DEFINED 0131 151800
ADC TELECOM COM 000886101 428 14500 SH DEFINED 0103 14500
ACT MANUFACTURING IN COM 000973107 393 27600 SH DEFINED 011619 27600
AK STEEL HOLDINGS CONV PFD STOCK 001547207 4600 160000 SH DEFINED 0107 160000
ALC COMMUNICATIONS I COM 001575307 19459 570250 SH DEFINED 0102 570250
ALC COMMUNICATIONS I COM 001575307 5289 155000 SH DEFINED 0131 155000
ALC COMMUNICATIONS I COM 001575307 488 14300 SH DEFINED 0103 14300
AMLI COM 001735109 6213 350000 SH DEFINED 0113 350000
AMR CORP CONV BOND 001765AY2 21150 22500000 PRN DEFINED 0113 22500000
AMR CORP CONV BOND 001765AY2 11280 12000000 PRN DEFINED 011516 12000000
AMR CORP CONV BOND 001765AY2 6580 7000000 PRN DEFINED 011618 7000000
AMR CORP CONV BOND 001765AY2 4700 5000000 PRN DEFINED 0131 5000000
AMR CORP DEL COM 001765106 13598 210000 SH DEFINED 0126 210000
AMR CORP DEL COM 001765106 1845 28500 SH DEFINED 0125 28500
AMR CORP DEL COM 001765106 14640 226109 SH DEFINED 0102 41400 184709
AMR CORP DEL COM 001765106 1313 20271 SH DEFINED 0103 4350 15921
AMR CORP DEL COM 001765106 5601 86500 SH DEFINED 01 86500
ARCO CHEMICAL CO COM 001920107 25588 575000 SH DEFINED 0113 575000
ARCO CHEMICAL CO COM 001920107 9456 212500 SH DEFINED 0131 212500
ARCO CHEMICAL CO COM 001920107 392 8800 SH DEFINED 0103 8800
AT&T CORP COM 001957109 10350 200000 SH DEFINED 0132 200000
AT&T CORP COM 001957109 3136 60600 SH DEFINED 0125 60600
AT&T CORP COM 001957109 497 9600 SH DEFINED 0102 9600
AT&T CORP COM 001957109 5318 102760 SH DEFINED 0103 102760
ABBOTT LABS COM 002824100 10688 300000 SH DEFINED 0130 300000
ABBOTT LABS COM 002824100 28500 800000 SH DEFINED 0126 800000
ABBOTT LABS COM 002824100 17813 500000 SH DEFINED 0124 500000
ABBOTT LABS COM 002824100 52994 1487515 SH DEFINED 0102 557500 930015
ABBOTT LABS COM 002824100 3534 99200 SH DEFINED 0131 99200
ABBOTT LABS COM 002824100 1605 45045 SH DEFINED 0103 5500 39545
ABOITIZ EQUITY VENT COM 003725108 326 18920 SH DEFINED 0132 18920
<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
ADOBE SYSTEMS INC COM 00724F101 8757 176900 SH DEFINED 0102 176900
ADOBE SYSTEMS INC COM 00724F101 12479 252100 SH DEFINED 0131 252100
ADOBE SYSTEMS INC COM 00724F101 901 18200 SH DEFINED 0103 18200
ADVNCD INF SRVC ADR COM 00753G103 266 19188 SH DEFINED 01 19188
ADVOCAT COM 007586100 3188 250000 SH DEFINED 011614 250000
ADVANCED MICRO DEV COM 007903107 158 4670 SH DEFINED 0103 4670
ADVANTA B COM 007942204 6250 200000 SH DEFINED 011614 200000
ADVANTA B COM 007942204 23732 759400 SH DEFINED 0102 759400
ADVANTA B COM 007942204 581 18600 SH DEFINED 0103 18600
AETNA LIFE & CAS COM 008140105 315 5525 SH DEFINED 0103 5525
AFFILIATED COMPUTER COM 008190100 1316 45000 SH DEFINED 011619 45000
AFL/CIO UNITS OF COM 008270993 0 461 SH DEFINED 0102 461
AHMANSON HF & CO COM 008677106 18000 1000000 SH DEFINED 0130 1000000
AHMANSON HF & CO COM 008677106 19350 1075000 SH DEFINED 0113 1075000
AHMANSON HF & CO COM 008677106 680 37800 SH DEFINED 0125 37800
AHMANSON HF & CO COM 008677106 94 5200 SH DEFINED 0102 5200
AHMANSON HF & CO COM 008677106 9720 540000 SH DEFINED 0131 540000
AHMANSON HF & CO COM 008677106 824 45843 SH DEFINED 0103 45843
AIR PROD & CHEM COM 009158106 12979 249069 SH DEFINED 0102 58300 190769
AIR PROD & CHEM COM 009158106 12197 234000 SH DEFINED 0131 234000
AIR PROD & CHEM COM 009158106 1170 22453 SH DEFINED 0103 8400 14053
AIRGAS INC COM 009363102 9012 340050 SH DEFINED 0102 340050
AIRGAS INC COM 009363102 204 7700 SH DEFINED 0103 7700
AIRTOUCH COMMUN COM 00949T100 22481 825000 SH DEFINED 0130 825000
AIRTOUCH COMMUN COM 00949T100 6813 250000 SH DEFINED 0108 250000
AIRTOUCH COMMUN COM 00949T100 49050 1800000 SH DEFINED 0126 1800000
AIRTOUCH COMMUN COM 00949T100 16350 600000 SH DEFINED 0111 600000
AIRTOUCH COMMUN COM 00949T100 5450 200000 SH DEFINED 0132 200000
AIRTOUCH COMMUN COM 00949T100 24525 900000 SH DEFINED 0124 900000
AIRTOUCH COMMUN COM 00949T100 3259 119600 SH DEFINED 0125 119600
AIRTOUCH COMMUN COM 00949T100 3624 133000 SH DEFINED 011622 133000
AIRTOUCH COMMUN COM 00949T100 7903 290000 SH DEFINED 011623 290000
AIRTOUCH COMMUN COM 00949T100 21800 800000 SH DEFINED 011618 800000
AIRTOUCH COMMUN COM 00949T100 436 16000 SH DEFINED 011620 16000
AIRTOUCH COMMUN COM 00949T100 120800 4432863 SH DEFINED 0102 1447050 2985813
AIRTOUCH COMMUN COM 00949T100 6930 254300 SH DEFINED 0131 254300
AIRTOUCH COMMUN COM 00949T100 4288 157307 SH DEFINED 0103 81700 75607
AIRTOUCH COMMUN COM 00949T100 27905 1024051 SH DEFINED 01 1024051
AKZO NOBEL NV ORD COM 010199990 8311 76000 SH DEFINED 0112 76000
AKZO NOBEL NV ORD COM 010199990 9208 84200 SH DEFINED 011617 84200
AKZO NOBEL NV ORD COM 010199990 138 1265 SH DEFINED 01 1265
ALANTEC COM 011630100 3916 87500 SH DEFINED 011614 87500
ALBANY INTL CORP NEW COM 012348108 1982 105000 SH DEFINED 011620 105000
ALBANY INTL CORP NEW COM 012348108 1982 104966 SH DEFINED 0102 104966
ALBERTO CULVER COM 013068101 41 1386 SH DEFINED 0103 1386
ALBERTSONS INC COM 013104104 11288 350000 SH DEFINED 0108 350000
ALBERTSONS INC COM 013104104 22575 700000 SH DEFINED 0126 700000
ALBERTSONS INC COM 013104104 81 2500 SH DEFINED 0125 2500
ALBERTSONS INC COM 013104104 10 300 SH DEFINED 0102 300
ALBERTSONS INC COM 013104104 436 13538 SH DEFINED 0103 13538
<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
ALCAN ALUMINIUM LTD COM 013716105 293 11003 SH DEFINED 0103 11003
ALCO STANDARD COM 013788104 29000 400000 SH DEFINED 0126 400000
ALCO STANDARD COM 013788104 21750 300000 SH DEFINED 0111 300000
ALCO STANDARD COM 013788104 5075 70000 SH DEFINED 011622 70000
ALCO STANDARD COM 013788104 10875 150000 SH DEFINED 011623 150000
ALCO STANDARD COM 013788104 7250 100000 SH DEFINED 011618 100000
ALCO STANDARD COM 013788104 167 2300 SH DEFINED 011620 2300
ALCO STANDARD COM 013788104 664 9139 SH DEFINED 0102 9139
ALCO STANDARD COM 013788104 6257 86300 SH DEFINED 0131 86300
ALCO STANDARD COM 013788104 644 8877 SH DEFINED 0103 6200 2677
ALCO STANDARD $50 CONV PFD STOCK 013788500 8213 100000 SH DEFINED 011618 100000
ALEXNDR & ALEX SERV COM 014476105 51 2153 SH DEFINED 0103 2153
ALLERGAN INC COM 018490102 92 3117 SH DEFINED 0103 3117
ALLIANCE ENTMT CORP COM 018593103 1170 180000 SH DEFINED 011619 180000
ALLIANCE SEMI CONDUC COM 01877H100 11618 273350 SH DEFINED 0102 273350
ALLIANCE SEMI CONDUC COM 01877H100 291 6850 SH DEFINED 0103 6850
ALLIED GROUP INC COM 019220102 6498 230000 SH DEFINED 0128 230000
ALLIED SIGNAL INC COM 019512102 13738 350000 SH DEFINED 011618 350000
ALLIED SIGNAL INC COM 019512102 545 13879 SH DEFINED 0103 13879
ALLTEL CORP COM 020039103 20125 700000 SH DEFINED 0124 700000
ALLTEL CORP COM 020039103 265 9201 SH DEFINED 0103 9201
ALLTEL 7.75 $100 PAR PREFERRED STOCK 02009*990 863 8560 SH DEFINED 0105 8560
ALUMAX INC COM 022197107 20156 750000 SH DEFINED 0124 750000
ALUMAX INC COM 022197107 970 36100 SH DEFINED 011622 36100
ALUMAX INC COM 022197107 2153 80100 SH DEFINED 011623 80100
ALUMAX INC COM 022197107 11556 430000 SH DEFINED 011618 430000
ALUMINUM CO AMERICA COM 022249106 12942 312800 SH DEFINED 0130 312800
ALUMINUM CO AMERICA COM 022249106 8275 200000 SH DEFINED 0108 200000
ALUMINUM CO AMERICA COM 022249106 7241 175000 SH DEFINED 0126 175000
ALUMINUM CO AMERICA COM 022249106 25 600 SH DEFINED 0125 600
ALUMINUM CO AMERICA COM 022249106 66492 1606987 SH DEFINED 0102 515400 1091587
ALUMINUM CO AMERICA COM 022249106 1285 31064 SH DEFINED 0103 22000 9064
ALUMINUM CO AMERICA COM 022249106 1241 30000 SH DEFINED 01 30000
ALZA COM 022615108 85 4020 SH DEFINED 0103 4020
AMERADA HESS COM 023551104 225 4561 SH DEFINED 0103 4561
AMDAHL CORP COM 023905102 63 5713 SH DEFINED 0103 5713
AMERICAN BRANDS INC. COM 024703100 23550 600000 SH DEFINED 011516 600000
AMERICAN BRANDS INC. COM 024703100 388 9877 SH DEFINED 0103 9877
AMERICAN ELEC PWR COM 025537101 6826 215000 SH DEFINED 0132 215000
AMERICAN ELEC PWR COM 025537101 288 9068 SH DEFINED 0103 9068
AMERICAN EXPLORATION COM 025762105 0 42 SH DEFINED 0102 42
AMERICAN EXPRESS COM 025816109 380039 10897177 SH DEFINED 0103 10897177
AMERICAN EXPRESS COM 025816109 6555 187949 SH DEFINED 01 187949
AMERICAN FREIGHTWAYS COM 02629V108 1138 50000 SH DEFINED 011619 50000
AMERICAN FREIGHTWAYS COM 02629V108 7963 350000 SH DEFINED 011614 350000
AMERICAN FREIGHTWAYS COM 02629V108 13415 589700 SH DEFINED 0102 589700
AMERICAN FREIGHTWAYS COM 02629V108 346 15200 SH DEFINED 0103 15200
AMER GENERAL CORP COM 026351106 27413 850000 SH DEFINED 0113 850000
AMER GENERAL CORP COM 026351106 11610 360000 SH DEFINED 0107 360000
AMER GENERAL CORP COM 026351106 14513 450000 SH DEFINED 0131 450000
<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
AMER GENERAL CORP COM 026351106 857 26585 SH DEFINED 0103 26585
AMER GENERAL CORP COM 026351106 12707 394000 SH DEFINED 01 394000
AM GREETINGS CL A COM 026375105 26950 902100 SH DEFINED 0130 902100
AM GREETINGS CL A COM 026375105 1016 34000 SH DEFINED 011620 34000
AM GREETINGS CL A COM 026375105 109 3647 SH DEFINED 0103 3647
AM GREETINGS CL A COM 026375105 8754 293045 SH DEFINED 01 293045
AMERICAN HEALTH PROP COM 026494104 2430 120000 SH DEFINED 0132 120000
AMER HOME PRODUCTS COM 026609107 21375 300000 SH DEFINED 0113 300000
AMER HOME PRODUCTS COM 026609107 10688 150000 SH DEFINED 0107 150000
AMER HOME PRODUCTS COM 026609107 1069 15001 SH DEFINED 0103 15001
AMERICAN INTL GROUP COM 026874107 20850 200000 SH DEFINED 0130 200000
AMERICAN INTL GROUP COM 026874107 104250 1000000 SH DEFINED 0126 1000000
AMERICAN INTL GROUP COM 026874107 4827 46300 SH DEFINED 0125 46300
AMERICAN INTL GROUP COM 026874107 10425 100000 SH DEFINED 011516 100000
AMERICAN INTL GROUP COM 026874107 313 3000 SH DEFINED 011620 3000
AMERICAN INTL GROUP COM 026874107 178565 1712798 SH DEFINED 0102 568685 1144113
AMERICAN INTL GROUP COM 026874107 6000 57552 SH DEFINED 0103 22250 35302
AMERICAN INTL GROUP COM 026874107 16128 154700 SH DEFINED 01 154700
AMERICAN MANAGEMENT COM 027352103 969 50000 SH DEFINED 011619 50000
AMERICAN MANAGEMENT COM 027352103 7266 375000 SH DEFINED 011614 375000
AMERICAN MANAGEMENT COM 027352103 7843 404750 SH DEFINED 0102 404750
AMERICAN MANAGEMENT COM 027352103 209 10800 SH DEFINED 0103 10800
AMERICAN MED RESP COM 027446103 4083 162500 SH DEFINED 011614 162500
AMER PWR CONVERSION COM 029066107 9825 600000 SH DEFINED 0130 600000
AMER PWR CONVERSION COM 029066107 4913 300000 SH DEFINED 0108 300000
AMER PWR CONVERSION COM 029066107 6141 375000 SH DEFINED 0106 375000
AMER PWR CONVERSION COM 029066107 16375 1000000 SH DEFINED 011618 1000000
AMER PWR CONVERSION COM 029066107 2424 148000 SH DEFINED 01 148000
AMERICAN PRESIDENT COM 029103108 4813 220000 SH DEFINED 0128 220000
AMERICAN PRESIDENT COM 029103108 4813 220000 SH DEFINED 0131 220000
AMERICAN RE COM 029163102 7000 200000 SH DEFINED 0106 200000
AMERICAN STORES CO COM 030096101 179 7003 SH DEFINED 0103 7003
AMERICAN TELECASTING COM 030151104 2596 176000 SH DEFINED 011516 176000
AMERICAN TELECAST WT WARRANT 030151112 250 125000 SH DEFINED 0109 125000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 3053 30000 SH DEFINED 01 30000
AMERITECH NZ A $100 PREFERRED STOCK 03070V209 5088 50000 SH DEFINED 01 50000
AMERITECH CORP COM 030954101 6188 150000 SH DEFINED 0132 150000
AMERITECH CORP COM 030954101 1114 26998 SH DEFINED 0103 26998
AMGEN INC COM 031162100 47163 700000 SH DEFINED 0126 700000
AMGEN INC COM 031162100 30319 450000 SH DEFINED 0124 450000
AMGEN INC COM 031162100 835 12400 SH DEFINED 0125 12400
AMGEN INC COM 031162100 5390 80000 SH DEFINED 011614 80000
AMGEN INC COM 031162100 19450 288690 SH DEFINED 0102 52950 235740
AMGEN INC COM 031162100 6569 97500 SH DEFINED 0131 97500
AMGEN INC COM 031162100 1308 19419 SH DEFINED 0103 7600 11819
AMGEN INC COM 031162100 12089 179430 SH DEFINED 01 179430
AMP COM 031897101 370 10288 SH DEFINED 0103 10288
AMOCO CORP COM 031905102 27041 425000 SH DEFINED 0130 425000
AMOCO CORP COM 031905102 87484 1375000 SH DEFINED 0126 1375000
AMOCO CORP COM 031905102 22269 350000 SH DEFINED 0113 350000
<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
AMOCO CORP COM 031905102 3181 50000 SH DEFINED 0132 50000
AMOCO CORP COM 031905102 25450 400000 SH DEFINED 0124 400000
AMOCO CORP COM 031905102 573 9000 SH DEFINED 0125 9000
AMOCO CORP COM 031905102 15270 240000 SH DEFINED 0107 240000
AMOCO CORP COM 031905102 31813 500000 SH DEFINED 011618 500000
AMOCO CORP COM 031905102 162669 2556721 SH DEFINED 0102 888900 1667821
AMOCO CORP COM 031905102 17497 275000 SH DEFINED 0131 275000
AMOCO CORP COM 031905102 4536 71270 SH DEFINED 0103 32000 39270
AMRESCO COM 031909104 1674 235000 SH DEFINED 0128 235000
ANACOMP INC WRNTS WARRANT 032375123 125 166930 SH DEFINED 0109 166930
ANACOMP 8.25 SER 1 CONV PFD STOCK 032375404 365 10000 SH DEFINED 0104 10000
ANACOMP 8.25 SER 1 CONV PFD STOCK 032375404 1825 50000 SH DEFINED 0109 50000
ANDREW CORP COM 034425108 24450 600000 SH DEFINED 0111 600000
ANDREW CORP COM 034425108 12362 303300 SH DEFINED 0102 303300
ANDREW CORP COM 034425108 5807 142500 SH DEFINED 0131 142500
ANDREW CORP COM 034425108 358 8797 SH DEFINED 0103 6925 1872
ANESTA COM 034603100 447 89400 SH DEFINED 0106 89400
ANESTA COM 034603100 170 34000 SH DEFINED 011619 34000
ANESTA COM 034603100 383 76600 SH DEFINED 011614 76600
ANHEUSER BUSCH CO COM 035229103 7035 120000 SH DEFINED 0107 120000
ANHEUSER BUSCH CO COM 035229103 13806 235500 SH DEFINED 0131 235500
ANHEUSER BUSCH CO COM 035229103 745 12703 SH DEFINED 0103 12703
AON CORP COM 037389103 25550 700000 SH DEFINED 0113 700000
AON CORP COM 037389103 16425 450000 SH DEFINED 0131 450000
AON CORP COM 037389103 584 16000 SH DEFINED 0103 16000
AIMCO COM 03748R101 2008 110000 SH DEFINED 011618 110000
APPALACHIAN PWR $100 PREFERRED STOCK 037735834 2558 25000 SH DEFINED 0105 25000
APPLE COMPUTER COM 037833100 206 5834 SH DEFINED 0103 5834
APPLIED MATERIALS COM 038222105 12265 222500 SH DEFINED 0130 222500
APPLIED MATERIALS COM 038222105 25358 460000 SH DEFINED 0126 460000
APPLIED MATERIALS COM 038222105 12403 225000 SH DEFINED 0106 225000
APPLIED MATERIALS COM 038222105 11025 200000 SH DEFINED 0111 200000
APPLIED MATERIALS COM 038222105 2696 48900 SH DEFINED 011622 48900
APPLIED MATERIALS COM 038222105 5998 108800 SH DEFINED 011623 108800
APPLIED MATERIALS COM 038222105 1047 19000 SH DEFINED 011620 19000
APPLIED MATERIALS COM 038222105 11025 200000 SH DEFINED 011614 200000
APPLIED MATERIALS COM 038222105 1258 22819 SH DEFINED 0102 22819
APPLIED MATERIALS COM 038222105 8192 148600 SH DEFINED 0131 148600
APPLIED MATERIALS COM 038222105 539 9764 SH DEFINED 0103 5800 3964
APPLIED MATERIALS COM 038222105 2756 50000 SH DEFINED 01 50000
ARCH COMMUNICATIONS COM 039381108 1170 60000 SH DEFINED 011619 60000
ARCHER DANIELS MDLND COM 039483102 1490 80000 SH DEFINED 0126 80000
ARCHER DANIELS MDLND COM 039483102 218 11700 SH DEFINED 0125 11700
ARCHER DANIELS MDLND COM 039483102 30 1600 SH DEFINED 0102 1600
ARCHER DANIELS MDLND COM 039483102 564 30302 SH DEFINED 0103 30302
ARIZONA PUB SER V PREFERRED STOCK 040555799 3148 30000 SH DEFINED 01 30000
ARIZONA PUB SVC $100 PREFERRED STOCK 040555815 5563 50000 SH DEFINED 0105 50000
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 2896 38100 SH DEFINED 01 38100
ARIZONA PUB SVC CO PREFERRED STOCK 040555831 1748 23000 SH DEFINED 0116 23000
ARMCO INC COM 042170100 286 41622 SH DEFINED 0103 41622
<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
ARMSTRONG WORLD IND COM 042476101 106 2322 SH DEFINED 0103 2322
ARNOLD INDUSTRIES IN COM 042595108 9763 550000 SH DEFINED 011516 550000
ARROW ELECTRONICS COM 042735100 13691 325000 SH DEFINED 0130 325000
ASARCO INC COM 043413103 54 2063 SH DEFINED 0103 2063
ASCEND COMM COM 043491109 712 11000 SH DEFINED 011619 11000
ASCEND COMM COM 043491109 3561 55000 SH DEFINED 011614 55000
ASHANTI GOLD 144A COM 043743103 1851 75000 SH DEFINED 0127 75000
ASHLAND INC COM 044204105 106 2974 SH DEFINED 0103 2974
ASHOK LEYLAND GDS COM 044823102 4944 350000 SH DEFINED 0124 350000
ATLANTIC RICHFIELD COM 048825103 28750 250000 SH DEFINED 0113 250000
ATLANTIC RICHFIELD COM 048825103 506 4400 SH DEFINED 0125 4400
ATLANTIC RICHFIELD COM 048825103 69 600 SH DEFINED 0102 600
ATLANTIC RICHFIELD COM 048825103 16100 140000 SH DEFINED 0131 140000
ATLANTIC RICHFIELD COM 048825103 1758 15280 SH DEFINED 0103 15280
ATL RICHFIELD PFD CONV PFD STOCK 048825137 17413 700000 SH DEFINED 0113 700000
ATL RICHFIELD PFD CONV PFD STOCK 048825137 5473 220000 SH DEFINED 0107 220000
ATMEL CORP COM 049513104 6759 175000 SH DEFINED 0106 175000
ATMEL CORP COM 049513104 1352 35000 SH DEFINED 011619 35000
ATMEL CORP COM 049513104 5794 150000 SH DEFINED 011614 150000
AUTO DESK COM 052769106 23050 547200 SH DEFINED 0102 547200
AUTO DESK COM 052769106 11824 280700 SH DEFINED 0131 280700
AUTO DESK COM 052769106 1529 36308 SH DEFINED 0103 34000 2308
AUTOMATIC DATA PROC. COM 053015103 35910 570000 SH DEFINED 011516 570000
AUTOMATIC DATA PROC. COM 053015103 416 6600 SH DEFINED 0102 800 5800
AUTOMATIC DATA PROC. COM 053015103 436 6918 SH DEFINED 0103 6918
AUTOMOTIVE IND COM 05329E102 16500 750000 SH DEFINED 0124 750000
AVALON COM 053469102 2944 150000 SH DEFINED 0132 150000
AVERY DENNISON CORP COM 053611109 108 2698 SH DEFINED 0103 2698
AVON PRODUCTS COM 054303102 206 3413 SH DEFINED 0103 3413
BAJAJ AUTO COM 055005995 0 1 SH DEFINED 01 1
BISYS GROUP COM 055472104 21797 963400 SH DEFINED 011516 963400
BTG INC COM 05576J101 853 110000 SH DEFINED 011619 110000
BAKER HUGHES COM 057224107 141 6910 SH DEFINED 0103 6910
BALDOR ELECTRIC COM 057741100 916 33000 SH DEFINED 011619 33000
BALL CORP COM 058498106 50 1457 SH DEFINED 0103 1457
BALLY ENTERTAINMENT COM 05873C106 20 2302 SH DEFINED 0103 2302
BALTIMORE GAS & ELEC COM 059165100 4725 200000 SH DEFINED 0132 200000
BALTIMORE GAS & ELEC COM 059165100 21 900 SH DEFINED 0102 900
BALTIMORE GAS & ELEC COM 059165100 171 7236 SH DEFINED 0103 7236
BALTIMORE G&E $100 PREFERRED STOCK 059165829 312 3000 SH DEFINED 01 3000
BANC ONE CORP COM 059438101 567 19909 SH DEFINED 0103 19909
BANCO DE GALICIA CVT CONV BOND 059538AD0 4725 7500000 PRN DEFINED 0135 7500000
BANCO FRANCES COM 059591107 5438 300000 SH DEFINED 0135 300000
BAN NAC DEMEX 144A CONV BOND 059617AA8 3975 7500000 PRN DEFINED 0130 7500000
BAN NAC DEMEX 144A CONV BOND 059617AA8 6890 13000000 PRN DEFINED 0106 13000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 5300 10000000 PRN DEFINED 0124 10000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 2650 5000000 PRN DEFINED 0135 5000000
BAN NAC DEMEX 144A CONV BOND 059617AA8 1193 2250000 PRN DEFINED 011620 2250000
BANCO O'HIGGINS COM 059629105 5769 325000 SH DEFINED 0135 325000
BANCO OSORNO Y LA COM 059631101 2869 225000 SH DEFINED 0124 225000
<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
BANCO WIESE ADS COM 059651109 2165 309288 SH DEFINED 0135 309288
BANK OF BOSTON COM 060716107 14875 500000 SH DEFINED 0130 500000
BANK OF BOSTON COM 060716107 5950 200000 SH DEFINED 0108 200000
BANK OF BOSTON COM 060716107 5950 200000 SH DEFINED 0124 200000
BANK OF BOSTON COM 060716107 1318 44300 SH DEFINED 0125 44300
BANK OF BOSTON COM 060716107 12049 405000 SH DEFINED 0107 405000
BANK OF BOSTON COM 060716107 10986 369300 SH DEFINED 0102 369300
BANK OF BOSTON COM 060716107 3879 130400 SH DEFINED 0131 130400
BANK OF BOSTON COM 060716107 1027 34557 SH DEFINED 0103 10200 24357
BANK OF BOSTON COM 060716107 220 7400 SH DEFINED 01 7400
BANK OF NEW YORK COM 064057102 885 26900 SH DEFINED 0102 26900
BANK OF NEW YORK COM 064057102 296 9000 SH DEFINED 0103 9000
BANK AMERICA CORP COM 066050105 34981 725000 SH DEFINED 0130 725000
BANK AMERICA CORP COM 066050105 19300 400000 SH DEFINED 0113 400000
BANK AMERICA CORP COM 066050105 48250 1000000 SH DEFINED 0124 1000000
BANK AMERICA CORP COM 066050105 3001 62200 SH DEFINED 0125 62200
BANK AMERICA CORP COM 066050105 11821 245000 SH DEFINED 0107 245000
BANK AMERICA CORP COM 066050105 33775 700000 SH DEFINED 011516 700000
BANK AMERICA CORP COM 066050105 12063 250000 SH DEFINED 011618 250000
BANK AMERICA CORP COM 066050105 483 10000 SH DEFINED 011620 10000
BANK AMERICA CORP COM 066050105 175677 3640958 SH DEFINED 0102 1175600 2465358
BANK AMERICA CORP COM 066050105 17611 365000 SH DEFINED 0131 365000
BANK AMERICA CORP COM 066050105 4932 102222 SH DEFINED 0103 44100 58122
BANK AMERICA CORP COM 066050105 17859 370115 SH DEFINED 01 370115
BANKERS TRUST NY COM 066365107 20900 400000 SH DEFINED 0113 400000
BANKERS TRUST NY COM 066365107 6009 115000 SH DEFINED 0107 115000
BANKERS TRUST NY COM 066365107 10450 200000 SH DEFINED 0131 200000
BANKERS TRUST NY COM 066365107 565 10813 SH DEFINED 0103 10813
BANYAN CORP COM 066908104 4247 280800 SH DEFINED 0108 280800
BANYAN CORP COM 066908104 11055 730900 SH DEFINED 011516 730900
C R BARD INC COM 067383109 70 2552 SH DEFINED 0103 2552
BARNES & NOBLE COM 067774109 1215 40000 SH DEFINED 011619 40000
BARNES & NOBLE COM 067774109 1245 41000 SH DEFINED 011620 41000
BARNES & NOBLE COM 067774109 5316 175000 SH DEFINED 011614 175000
BARRICK GOLD INC COM 067901108 17500 700000 SH DEFINED 0124 700000
BARRICK GOLD INC COM 067901108 7250 290000 SH DEFINED 0127 290000
BARRICK GOLD INC COM 067901108 1648 65900 SH DEFINED 0125 65900
BARRICK GOLD INC COM 067901108 3870 154800 SH DEFINED 0102 154800
BARRICK GOLD INC COM 067901108 1137 45465 SH DEFINED 0103 45465
BARRICK GOLD INC COM 067901108 75 3000 SH DEFINED 01 3000
BARNETT BKS INC COM 068055102 216 4756 SH DEFINED 0103 4756
BASSETT FURN IND. COM 070203104 1088 41427 SH DEFINED 0102 41427
BASSETT FURN IND. COM 070203104 17 666 SH DEFINED 0103 666
BAUSCH & LOMB COM 071707103 104 2900 SH DEFINED 0103 2900
BAXTER INTL INC COM 071813109 27838 850000 SH DEFINED 0113 850000
BAXTER INTL INC COM 071813109 731 22300 SH DEFINED 0102 22300
BAXTER INTL INC COM 071813109 454 13877 SH DEFINED 0103 13877
BAY APARTMENT COM 072012107 3675 200000 SH DEFINED 0107 200000
BAY APARTMENT COM 072012107 2389 130000 SH DEFINED 011618 130000
BAY NETWORKS INC COM 072510100 535 14500 SH DEFINED 011620 14500
<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
BEACON OFFICE PROP COM 073678104 3975 200000 SH DEFINED 0107 200000
BECKMAN INSTRUMENTS COM 075816108 6666 225000 SH DEFINED 0108 225000
BECKMAN INSTRUMENTS COM 075816108 3703 125000 SH DEFINED 0128 125000
BECKMAN INSTRUMENTS COM 075816108 6281 212000 SH DEFINED 0131 212000
BECKMAN INSTRUMENTS COM 075816108 267 9000 SH DEFINED 0103 9000
BECTON DICKINSON COM 075887109 189 3481 SH DEFINED 0103 3481
BELL ATLANTIC COM 077853109 1129 21394 SH DEFINED 0103 21394
BELL ATLANTIC NZ144A PREFERRED STOCK 07786G208 1028 10000 SH DEFINED 01 10000
BELL SOUTH COM 079860102 11900 200000 SH DEFINED 0132 200000
BELL SOUTH COM 079860102 1374 23100 SH DEFINED 0125 23100
BELL SOUTH COM 079860102 12198 205000 SH DEFINED 0107 205000
BELL SOUTH COM 079860102 65271 1096865 SH DEFINED 0102 390300 706565
BELL SOUTH COM 079860102 2918 49038 SH DEFINED 0103 14800 34238
BELL SOUTH COM 079860102 1785 30000 SH DEFINED 01 30000
A.H BELO SER A COM 080555105 16485 284200 SH DEFINED 0102 284200
A.H BELO SER A COM 080555105 423 7300 SH DEFINED 0103 7300
BEMIS CO. COM 081437105 74 2512 SH DEFINED 0103 2512
BENEFICIAL CORP COM 081721102 124 3161 SH DEFINED 0103 3161
BERG ELECTRONICS HLD COM 083726109 3467 770400 SH DEFINED 0109 770400
BEST BUY CO COM 086516101 10813 500000 SH DEFINED 0106 500000
BEST BUY CO COM 086516101 4325 200000 SH DEFINED 0111 200000
BEST BUY CO COM 086516101 6488 300000 SH DEFINED 0124 300000
BEST BUY CO COM 086516101 761 35200 SH DEFINED 011622 35200
BEST BUY CO COM 086516101 1695 78400 SH DEFINED 011623 78400
BEST BUY CO COM 086516101 3503 162000 SH DEFINED 01 162000
BEST PRODUCTS COM 086553104 81 13911 SH DEFINED 0103 13911
BETHLEHEM STEEL COM 087509105 87 5384 SH DEFINED 0103 5384
BEVERLY ENTERPRISES COM 087851101 10875 750000 SH DEFINED 011516 750000
BEVERLY ENTERPRISES COM 087851101 7250 500000 SH DEFINED 011618 500000
BEVERLY ENTERPRISES COM 087851101 61 4198 SH DEFINED 0103 4198
BIOGEN INC COM 090597105 12720 320000 SH DEFINED 011516 320000
BIOMET COM 090613100 95 5618 SH DEFINED 0103 5618
BIRMINGHAM STEEL COR COM 091250100 7088 350000 SH DEFINED 0106 350000
BIRMINGHAM STEEL COR COM 091250100 14157 699100 SH DEFINED 0111 699100
BIRMINGHAM STEEL COR COM 091250100 2750 135800 SH DEFINED 011622 135800
BIRMINGHAM STEEL COR COM 091250100 6028 297700 SH DEFINED 011623 297700
BIRMINGHAM STEEL COR COM 091250100 391 19381 SH DEFINED 0102 19381
BIRMINGHAM STEEL COR COM 091250100 4050 200000 SH DEFINED 01 200000
BLACK & DECKER COM 091797100 11550 400000 SH DEFINED 0124 400000
BLACK & DECKER COM 091797100 14438 500000 SH DEFINED 011618 500000
BLACK & DECKER COM 091797100 690 23925 SH DEFINED 0102 23925
BLACK & DECKER COM 091797100 120 4144 SH DEFINED 0103 4144
EW BLANCH COM 093210102 7400 400000 SH DEFINED 0124 400000
BLOCK H&R INC COM 093671105 30363 700000 SH DEFINED 0130 700000
BLOCK H&R INC COM 093671105 39471 910000 SH DEFINED 011516 910000
BLOCK H&R INC COM 093671105 276 6371 SH DEFINED 0103 6371
BLOUNT INC -CL A COM 095173308 1749 39300 SH DEFINED 011619 39300
BLYTH INDUSTRIES COM 09643P108 1100 40000 SH DEFINED 011619 40000
BOATMEN'S BANCSHARES COM 096650106 155 5140 SH DEFINED 0103 5140
BOEING COM 097023105 8970 166515 SH DEFINED 0102 61200 105315
<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
BOEING COM 097023105 1649 30614 SH DEFINED 0103 13900 16714
BOEING COM 097023105 2424 45000 SH DEFINED 01 45000
BOISE CASCADE COM 097383103 80 2300 SH DEFINED 0103 2300
BOISE CASCADE 21.125 CONV PFD STOCK 097383863 4148 140000 SH DEFINED 0132 140000
BOISE CASCADE 21.125 CONV PFD STOCK 097383863 45060 1521000 SH DEFINED 01 1521000
BOLLE AMERICA INC COM 09767E103 2600 325000 SH DEFINED 011516 325000
BOSTON CHICKEN CONV BOND 100578AA1 2438 3250000 PRN DEFINED 0104 3250000
BOSTON CHICKEN CONV BOND 100578AA1 1313 1750000 PRN DEFINED 011621 1750000
BOSTON CHICKEN COM 100578103 6094 375000 SH DEFINED 0106 375000
LAUREL FUND-DREYFUS COM 100583509 3385 216313 SH DEFINED 01 216313
BOSTON SCIENTIFIC COM 101137107 5046 204912 SH DEFINED 0128 204912
BOSTON SCIENTIFIC COM 101137107 24391 990500 SH DEFINED 0111 990500
BOSTON SCIENTIFIC COM 101137107 7388 300000 SH DEFINED 011516 300000
BOSTON SCIENTIFIC COM 101137107 17235 699919 SH DEFINED 0102 699919
BOSTON SCIENTIFIC COM 101137107 493 20020 SH DEFINED 0103 12500 7520
BOWLINE CORP COM 102596103 0 2 SH DEFINED 0102 2
BRADLEY REAL ESTATE COM 104580105 3111 190000 SH DEFINED 0107 190000
BRASMOTOR PREFERRED* COM 105503999 0 1 SH DEFINED 01 1
BRIGGS & STRATTON COM 109043109 52 1419 SH DEFINED 0103 1419
BRINKER INT'L INC COM 109641100 1742 104800 SH DEFINED 011622 104800
BRINKER INT'L INC COM 109641100 3849 231500 SH DEFINED 011623 231500
BRINKER INT'L INC COM 109641100 3255 195800 SH DEFINED 0131 195800
BRISTOL MYERS SQUIBB COM 110122108 15750 250000 SH DEFINED 0130 250000
BRISTOL MYERS SQUIBB COM 110122108 6300 100000 SH DEFINED 0108 100000
BRISTOL MYERS SQUIBB COM 110122108 25200 400000 SH DEFINED 0113 400000
BRISTOL MYERS SQUIBB COM 110122108 6640 105400 SH DEFINED 0124 105400
BRISTOL MYERS SQUIBB COM 110122108 4208 66800 SH DEFINED 0125 66800
BRISTOL MYERS SQUIBB COM 110122108 11340 180000 SH DEFINED 0107 180000
BRISTOL MYERS SQUIBB COM 110122108 17955 285000 SH DEFINED 011516 285000
BRISTOL MYERS SQUIBB COM 110122108 9267 147100 SH DEFINED 0102 147100
BRISTOL MYERS SQUIBB COM 110122108 16380 260000 SH DEFINED 0131 260000
BRISTOL MYERS SQUIBB COM 110122108 4016 63746 SH DEFINED 0103 63746
BRISTOL MYERS SQUIBB COM 110122108 221 3500 SH DEFINED 01 3500
BRITE VOICE SYSTEMS COM 110411105 1048 65000 SH DEFINED 011619 65000
BRITISH AWYS PLC ADR COM 110419306 26300 400000 SH DEFINED 0126 400000
BRITISH PETRO ADR COM 110889409 27259 325000 SH DEFINED 0130 325000
BRITISH PETRO ADR COM 110889409 8388 100000 SH DEFINED 0124 100000
BRITISH SKY COM 111013108 1510 61300 SH DEFINED 0132 61300
BRITISH SKY COM 111013108 7388 300000 SH DEFINED 0124 300000
BROADBAND TECH COM 111309100 1010 40000 SH DEFINED 011619 40000
BROADBAND TECH COM 111309100 3788 150000 SH DEFINED 011614 150000
BROADWAY & SEYMOUR I COM 111433108 5647 325000 SH DEFINED 0106 325000
BROADWAY & SEYMOUR I COM 111433108 3301 190000 SH DEFINED 011619 190000
BROADWAY & SEYMOUR I COM 111433108 3909 225000 SH DEFINED 011614 225000
BROADWAY & SEYMOUR I COM 111433108 2652 152600 SH DEFINED 0102 152600
BROADWAY & SEYMOUR I COM 111433108 68 3900 SH DEFINED 0103 3900
BROADWAY STORES INC. COM 111572103 16133 2390000 SH DEFINED 0124 2390000
BROADWAY STORES INC. COM 111572103 4050 600000 SH DEFINED 0131 600000
BROADWAY STORES INC. COM 111572103 184 27200 SH DEFINED 0103 27200
BROCK CONTROL COM 111626107 420 60000 SH DEFINED 011619 60000
<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
BROCK CONTROL COM 111626107 2364 337650 SH DEFINED 01 337650
BRODER BUND SOFTWARE COM 112014105 5 100 SH DEFINED 0102 100
BRODER BUND SOFTWARE COM 112014105 1790 34500 SH DEFINED 0131 34500
BRODER BUND SOFTWARE COM 112014105 99 1900 SH DEFINED 0103 1900
BROOKLYN BANCORP COM 113809107 3064 95000 SH DEFINED 0128 95000
BROOKLYN UNION GAS COM 114259104 6634 275000 SH DEFINED 0132 275000
BROWN FORMAN CL B COM 115637209 113 3384 SH DEFINED 0103 3384
BROWN GROUP INC COM 115657108 26 880 SH DEFINED 0103 880
BROWNING FERRIS IND COM 115885105 10710 315000 SH DEFINED 011516 315000
BROWNING FERRIS IND COM 115885105 328 9642 SH DEFINED 0103 9642
BRUNO'S INC COM 116881103 34 3830 SH DEFINED 0103 3830
BRUNSWICK CORP COM 117043109 94 4681 SH DEFINED 0103 4681
BUFETE ADS COM 11942H100 4050 400000 SH DEFINED 0135 400000
BAESA COM 119424208 5200 200000 SH DEFINED 0135 200000
BURLINGTON NO INC COM 121897102 11875 200000 SH DEFINED 011516 200000
BURLINGTON NO INC COM 121897102 260 4376 SH DEFINED 0103 4376
BURLINGTON RESOURCES COM 122014103 253 6219 SH DEFINED 0103 6219
CARNAUDMETALBOX COM 124651993 0 1 SH DEFINED 01 1
CBS CLASS A RECEIPTS PREFERRED STOCK 124845XZ6 5000 50000 SH DEFINED 01 50000
CBS INC COM 124845108 2240 35000 SH DEFINED 0108 35000
CBS INC COM 124845108 28954 452400 SH DEFINED 011516 452400
CBS INC COM 124845108 19200 300000 SH DEFINED 011618 300000
CBS INC COM 124845108 480 7500 SH DEFINED 011620 7500
CBS INC COM 124845108 192 3007 SH DEFINED 0103 3007
CBS INC COM 124845108 1280 20000 SH DEFINED 01 20000
CIGNA CORP COM 125509109 265 3543 SH DEFINED 0103 3543
CKE RESTAURANTS INC. COM 12561E105 1741 244333 SH DEFINED 0103 244333
CMS ENERGY CORP COM 125896100 4675 200000 SH DEFINED 0132 200000
CPC INTL COM 126149103 392 7243 SH DEFINED 0103 7243
CSR LTD ADR COM 126396308 307 24340 SH DEFINED 01 24340
CSX CORP COM 126408103 33469 425000 SH DEFINED 0130 425000
CSX CORP COM 126408103 78750 1000000 SH DEFINED 0126 1000000
CSX CORP COM 126408103 35438 450000 SH DEFINED 0124 450000
CSX CORP COM 126408103 1418 18000 SH DEFINED 0125 18000
CSX CORP COM 126408103 5749 73000 SH DEFINED 011622 73000
CSX CORP COM 126408103 12600 160000 SH DEFINED 011623 160000
CSX CORP COM 126408103 10238 130000 SH DEFINED 011618 130000
CSX CORP COM 126408103 1299 16500 SH DEFINED 011620 16500
CSX CORP COM 126408103 134160 1703519 SH DEFINED 0102 580975 1122544
CSX CORP COM 126408103 2650 33637 SH DEFINED 0103 20700 12937
CSX CORP COM 126408103 12346 156780 SH DEFINED 01 156780
CUC INT'L INC COM 126545102 27213 700000 SH DEFINED 0126 700000
CUC INT'L INC COM 126545102 23325 600000 SH DEFINED 011618 600000
CUC INT'L INC COM 126545102 1555 40000 SH DEFINED 011619 40000
CUC INT'L INC COM 126545102 11663 300000 SH DEFINED 011614 300000
CUC INT'L INC COM 126545102 22011 566200 SH DEFINED 0102 566200
CUC INT'L INC COM 126545102 3211 82600 SH DEFINED 0131 82600
CUC INT'L INC COM 126545102 669 17200 SH DEFINED 0103 17200
CABLETRON SYSTEMS COM 126920107 26925 600000 SH DEFINED 0126 600000
CABLETRON SYSTEMS COM 126920107 1122 25000 SH DEFINED 011619 25000
<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
CABLETRON SYSTEMS COM 126920107 6731 150000 SH DEFINED 011614 150000
CABLETRON SYSTEMS COM 126920107 19076 425100 SH DEFINED 0102 425100
CABLETRON SYSTEMS COM 126920107 399 8900 SH DEFINED 0103 8900
CALGON CARBON COM 129603106 5688 500000 SH DEFINED 0135 500000
CALI REALTY CORP COM 129909107 4691 270000 SH DEFINED 0107 270000
CALIFORNIA ENERGY COM 130190101 8800 550000 SH DEFINED 0124 550000
CALIFORNIA ENERGY COM 130190101 8000 500000 SH DEFINED 011618 500000
CALIF MICROWAVE INC COM 130442106 500 20000 SH DEFINED 011619 20000
CAMCO COM 132632100 5156 250000 SH DEFINED 0124 250000
CAMDEN PROPERTY TRST CONV BOND 133131AA0 2700 3000000 PRN DEFINED 0104 3000000
CAMERON ASHLEY COM 133290106 3200 200000 SH DEFINED 0128 200000
CAMPBELL SOUP COM 134429109 589 12179 SH DEFINED 0103 12179
CANANDAIGUA WINE -C COM 137219200 1890 45000 SH DEFINED 011619 45000
CANANDAIGUA WINE -C COM 137219200 7140 170000 SH DEFINED 011614 170000
CANANDAIGUA WINE -C COM 137219200 4 100 SH DEFINED 0102 100
CANANDAIGUA WINE -C COM 137219200 991 23600 SH DEFINED 0131 23600
CANANDAIGUA WINE -C COM 137219200 55 1300 SH DEFINED 0103 1300
CANON SALES INC COM 138010996 4672 200000 SH DEFINED 0135 200000
CAPEX GDR COM 139612105 1650 150000 SH DEFINED 0132 150000
CAPEX GDR COM 139612105 4400 400000 SH DEFINED 0135 400000
CAPITAL CITIES/ABC COM 139859102 97 1100 SH DEFINED 0125 1100
CAPITAL CITIES/ABC COM 139859102 9 100 SH DEFINED 0102 100
CAPITAL CITIES/ABC COM 139859102 711 8055 SH DEFINED 0103 8055
CAPITAL GAMING PNOTE WARRANT 140180XY1 10 20000 SH DEFINED 0104 20000
CAPITAL GAMING PNOTE WARRANT 140180XY1 41 82500 SH DEFINED 0109 82500
CAPITAL GAMING WTS WARRANT 1401809Y8 12 5000 SH DEFINED 0104 5000
CAPITAL GAMING WTS WARRANT 1401809Y8 30 12500 SH DEFINED 0109 12500
CAPITAL ONE FINL COR COM 14040H105 29 1528 SH DEFINED 0102 1528
CARDINAL DISTRIBUTIO COM 14149Y108 2481 52100 SH DEFINED 011622 52100
CARDINAL DISTRIBUTIO COM 14149Y108 5482 115100 SH DEFINED 011623 115100
CARDINAL DISTRIBUTIO COM 14149Y108 41910 880000 SH DEFINED 011516 880000
CARDINAL DISTRIBUTIO COM 14149Y108 2143 45000 SH DEFINED 011619 45000
CARDINAL DISTRIBUTIO COM 14149Y108 14288 300000 SH DEFINED 011614 300000
CARDINAL DISTRIBUTIO COM 14149Y108 33 700 SH DEFINED 0102 700
CARDINAL DISTRIBUTIO COM 14149Y108 10192 214000 SH DEFINED 0131 214000
CARDINAL DISTRIBUTIO COM 14149Y108 686 14400 SH DEFINED 0103 14400
CAREER HORIZON COM 141672105 8775 450000 SH DEFINED 011516 450000
CAREMARK INT'L INC COM 141704106 19750 1000000 SH DEFINED 011516 1000000
CARNIVAL CORP COM 143658102 7013 300000 SH DEFINED 011516 300000
CARNIVAL CORP COM 143658102 502 21442 SH DEFINED 0102 21442
CAROLINA POWER & LT COM 144141108 209 7714 SH DEFINED 0103 7714
CASCADE COMM COM 147184105 690 10000 SH DEFINED 011619 10000
CASCADE COMM COM 147184105 3450 50000 SH DEFINED 011614 50000
CATALINA MKTG COM 148867104 5956 120000 SH DEFINED 0102 120000
CATALINA MKTG COM 148867104 154 3100 SH DEFINED 0103 3100
CATERPILLAR INC COM 149123101 12516 225000 SH DEFINED 0130 225000
CATERPILLAR INC COM 149123101 6119 110000 SH DEFINED 0108 110000
CATERPILLAR INC COM 149123101 94563 1700000 SH DEFINED 0126 1700000
CATERPILLAR INC COM 149123101 16688 300000 SH DEFINED 0111 300000
CATERPILLAR INC COM 149123101 22250 400000 SH DEFINED 0124 400000
<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
CATERPILLAR INC COM 149123101 1179 21200 SH DEFINED 0125 21200
CATERPILLAR INC COM 149123101 4450 80000 SH DEFINED 011622 80000
CATERPILLAR INC COM 149123101 10013 180000 SH DEFINED 011623 180000
CATERPILLAR INC COM 149123101 22250 400000 SH DEFINED 011516 400000
CATERPILLAR INC COM 149123101 28369 510000 SH DEFINED 011618 510000
CATERPILLAR INC COM 149123101 1947 35000 SH DEFINED 011620 35000
CATERPILLAR INC COM 149123101 142935 2569646 SH DEFINED 0102 892300 1677346
CATERPILLAR INC COM 149123101 2965 53288 SH DEFINED 0103 34250 19038
CATERPILLAR INC COM 149123101 5370 96535 SH DEFINED 01 96535
CELCARIBE 144A COM 150898104 661 528450 SH DEFINED 0104 528450
CELCARIBE 144A COM 150898104 1189 951210 SH DEFINED 0109 951210
CELCARIBE 144A COM 150898104 346 276420 SH DEFINED 011621 276420
CEMEX 144A CONV BOND 151290AK9 6200 10000000 PRN DEFINED 0124 10000000
CEMEX 144A CONV BOND 151290AK9 9300 15000000 PRN DEFINED 011516 15000000
CEMEX 144A CONV BOND 151290AK9 6200 10000000 PRN DEFINED 011618 10000000
CEMEX ADR B COM 151290202 4642 1017325 SH DEFINED 0112 1017325
CEMEX ADR B COM 151290202 3802 833275 SH DEFINED 011617 833275
CEMEX ADR B COM 151290202 9 2025 SH DEFINED 0102 2025
CEMEX ADR B COM 151290202 152 33250 SH DEFINED 01 33250
CEMEX 144A ADS CPO COM 151290301 307 75000 SH DEFINED 011617 75000
CENTEX CORPORATION COM 152312104 36 1485 SH DEFINED 0103 1485
CENTOCOR INC COM 152342101 9128 575000 SH DEFINED 011516 575000
CENTOCOR INC COM 152342101 1032 65000 SH DEFINED 011619 65000
CENTOCOR INC COM 152342101 6350 400000 SH DEFINED 011614 400000
CENTRAL & S W COM 152357109 226 9317 SH DEFINED 0103 9317
CENTRAL LA ELECTRIC COM 153897608 5818 260000 SH DEFINED 0132 260000
CENTRAL PUERTO ADS COM 155038102 8500 500000 SH DEFINED 0130 500000
CENTRAL VT PUB SRV COM 155771108 1936 144741 SH DEFINED 0103 144741
CENTURY TELEPHONE EN COM 156686107 15188 500000 SH DEFINED 0111 500000
CENTURY TELEPHONE EN COM 156686107 7594 250000 SH DEFINED 011618 250000
CENTURY TELEPHONE EN COM 156686107 16820 553700 SH DEFINED 0102 553700
CENTURY TELEPHONE EN COM 156686107 428 14100 SH DEFINED 0103 14100
CENTURY TEXTILE 144 COM 156690109 6010 39410 SH DEFINED 0124 39410
CERIDIAN CORP COM 15677T106 10013 300000 SH DEFINED 011516 300000
CERIDIAN CORP COM 15677T106 1335 40000 SH DEFINED 011619 40000
CERIDIAN CORP COM 15677T106 3338 100000 SH DEFINED 011614 100000
CERIDIAN CORP COM 15677T106 17 500 SH DEFINED 0102 500
CERIDIAN CORP COM 15677T106 6124 183500 SH DEFINED 0131 183500
CERIDIAN CORP COM 15677T106 404 12105 SH DEFINED 0103 9900 2205
CERIDIAN CORP $50 CONV PFD STOCK 15677T403 21175 275000 SH DEFINED 0130 275000
CERIDIAN CORP $50 CONV PFD STOCK 15677T403 18365 238500 SH DEFINED 011516 238500
CERNER CORP COM 156782104 5820 120000 SH DEFINED 011614 120000
CHAMPION INTL COM 158525105 298 6900 SH DEFINED 0125 6900
CHAMPION INTL COM 158525105 39 900 SH DEFINED 0102 900
CHAMPION INTL COM 158525105 328 7575 SH DEFINED 0103 7575
CHARMING SHOPPES COM 161133103 28 5042 SH DEFINED 0103 5042
CHARTER MEDICAL CORP COM 161241708 9313 500000 SH DEFINED 011516 500000
CHASE MANHATTAN CORP COM 161610100 317 8891 SH DEFINED 0103 8891
CHEMICAL BKG CORP COM 163722101 453 11988 SH DEFINED 0103 11988
CHEROKEE SERIES A WARRANT 16444L111 2 7450 SH DEFINED 0109 7450
<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
CHEROKEE SERIES B WARRANT 16444L129 1 9165 SH DEFINED 0109 9165
CHEROKEE SERIES C WARRANT 16444L137 1 27492 SH DEFINED 0109 27492
CHERRY COM 164541203 1184 74000 SH DEFINED 011619 74000
CHEVRON CORP COM 166751107 322 6700 SH DEFINED 0125 6700
CHEVRON CORP COM 166751107 43 900 SH DEFINED 0102 900
CHEVRON CORP COM 166751107 1673 34861 SH DEFINED 0103 34861
CHEVRON CORP COM 166751107 480 10000 SH DEFINED 01 10000
CHILDRENS DISCOVERY COM 168757201 3150 200000 SH DEFINED 011516 200000
CHIRON CORP CONV BOND 170040AB5 4680 6500000 PRN DEFINED 0104 6500000
CHIRON CORP CONV BOND 170040AB5 5040 7000000 PRN DEFINED 011516 7000000
CHIRON CORP CONV BOND 170040AB5 2520 3500000 PRN DEFINED 011621 3500000
CHIRON COM 170040109 11825 220000 SH DEFINED 011516 220000
CHRYSLER COM 171196108 2054 49065 SH DEFINED 0102 25200 23865
CHRYSLER COM 171196108 13609 325000 SH DEFINED 0131 325000
CHRYSLER COM 171196108 1126 26885 SH DEFINED 0103 26885
CHRYSLER COM 171196108 2910 69500 SH DEFINED 01 69500
CHUBB CORP COM 171232101 502 6350 SH DEFINED 0102 6350
CHUBB CORP COM 171232101 338 4274 SH DEFINED 0103 4274
CIBER COM 17163B102 5531 375000 SH DEFINED 011516 375000
CINCINNATI BELL INC COM 171870108 5375 250000 SH DEFINED 0132 250000
CINCINNATI MILACRON COM 172172108 13153 575000 SH DEFINED 0106 575000
CINCINNATI MILACRON COM 172172108 38 1655 SH DEFINED 0103 1655
CINCINNATI MILACRON COM 172172108 4090 178790 SH DEFINED 01 178790
CINERGY CORP COM 172474108 9950 400000 SH DEFINED 0132 400000
CINERGY CORP COM 172474108 997 40100 SH DEFINED 0125 40100
CINERGY CORP COM 172474108 7463 300000 SH DEFINED 011618 300000
CINERGY CORP COM 172474108 137 5500 SH DEFINED 0102 5500
CINERGY CORP COM 172474108 608 24448 SH DEFINED 0103 24448
CIRCLE K COM 172585101 887 55000 SH DEFINED 011619 55000
CIRCLE K COM 172585101 3951 245000 SH DEFINED 011614 245000
CIRCUIT CITY COM 172737108 125 4725 SH DEFINED 0103 4725
CISCO SYSTEMS COM 17275R102 13344 350000 SH DEFINED 0130 350000
CISCO SYSTEMS COM 17275R102 6672 175000 SH DEFINED 0108 175000
CISCO SYSTEMS COM 17275R102 106750 2800000 SH DEFINED 0126 2800000
CISCO SYSTEMS COM 17275R102 12391 325000 SH DEFINED 0106 325000
CISCO SYSTEMS COM 17275R102 15250 400000 SH DEFINED 0111 400000
CISCO SYSTEMS COM 17275R102 45750 1200000 SH DEFINED 0124 1200000
CISCO SYSTEMS COM 17275R102 1022 26800 SH DEFINED 0125 26800
CISCO SYSTEMS COM 17275R102 6176 162000 SH DEFINED 011622 162000
CISCO SYSTEMS COM 17275R102 14030 368000 SH DEFINED 011623 368000
CISCO SYSTEMS COM 17275R102 11438 300000 SH DEFINED 011516 300000
CISCO SYSTEMS COM 17275R102 5147 135000 SH DEFINED 011619 135000
CISCO SYSTEMS COM 17275R102 953 25000 SH DEFINED 011620 25000
CISCO SYSTEMS COM 17275R102 18491 485000 SH DEFINED 011614 485000
CISCO SYSTEMS COM 17275R102 154565 4054282 SH DEFINED 0102 1022720 3031562
CISCO SYSTEMS COM 17275R102 15380 403400 SH DEFINED 0131 403400
CISCO SYSTEMS COM 17275R102 4342 113889 SH DEFINED 0103 89750 24139
CISCO SYSTEMS COM 17275R102 10263 269215 SH DEFINED 01 269215
CIRRUS LOGIC COM 172755100 4250 125000 SH DEFINED 0106 125000
CIRRUS LOGIC COM 172755100 646 19000 SH DEFINED 011620 19000
<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
CITATION COMPUTER SY COM 172894107 501 89000 SH DEFINED 011619 89000
CIRCUS CIRCUS ENT COM 172909103 8869 275000 SH DEFINED 011516 275000
CITICORP COM 173034109 127500 3000000 SH DEFINED 0126 3000000
CITICORP COM 173034109 10625 250000 SH DEFINED 0124 250000
CITICORP COM 173034109 55 1300 SH DEFINED 0125 1300
CITICORP COM 173034109 1275 30000 SH DEFINED 011619 30000
CITICORP COM 173034109 884 20800 SH DEFINED 011620 20800
CITICORP COM 173034109 5313 125000 SH DEFINED 011614 125000
CITICORP COM 173034109 71635 1685364 SH DEFINED 0102 662400 1022964
CITICORP COM 173034109 1785 41957 SH DEFINED 0103 22050 19907
CLARCOR INC COM 179895107 4905 232200 SH DEFINED 0128 232200
CLARK EQUIPMENT COM 181396102 70 853 SH DEFINED 0103 853
CLAYTON HOMES INC COM 184190106 12416 725000 SH DEFINED 0108 725000
CLAYTON HOMES INC COM 184190106 12844 750000 SH DEFINED 0111 750000
CLAYTON HOMES INC COM 184190106 12844 750000 SH DEFINED 011618 750000
CLAYTON HOMES INC COM 184190106 66892 3906025 SH DEFINED 0102 1484900 2421125
CLAYTON HOMES INC COM 184190106 608 35500 SH DEFINED 0103 35500
CLEAR CHANNEL COMMUN COM 184502102 6152 103400 SH DEFINED 0102 103400
CLEAR CHANNEL COMMUN COM 184502102 173 2900 SH DEFINED 0103 2900
CLEVELAND-CLIFFS IRN COM 185896107 4813 125000 SH DEFINED 0128 125000
CLEVELAND-CLIFFS IRN COM 185896107 5775 150000 SH DEFINED 0131 150000
CLEVELAND-CLIFFS IRN COM 185896107 231 6000 SH DEFINED 0103 6000
CLINICOM INC COM 18726L108 2775 150000 SH DEFINED 011516 150000
CLOROX CO. COM 189054109 9900 165000 SH DEFINED 0107 165000
CLOROX CO. COM 189054109 157 2623 SH DEFINED 0103 2623
COASTAL CORP COM 190441105 2875 100000 SH DEFINED 0132 100000
COASTAL CORP COM 190441105 148 5137 SH DEFINED 0103 5137
COBRA GOLF INC COM 190907105 2403 85800 SH DEFINED 0102 85800
COBRA GOLF INC COM 190907105 1607 57400 SH DEFINED 0131 57400
COBRA GOLF INC COM 190907105 149 5300 SH DEFINED 0103 5300
COCA-COLA COM 191216100 79665 1410000 SH DEFINED 0126 1410000
COCA-COLA COM 191216100 28250 500000 SH DEFINED 0111 500000
COCA-COLA COM 191216100 1684 29800 SH DEFINED 0125 29800
COCA-COLA COM 191216100 5627 99600 SH DEFINED 011622 99600
COCA-COLA COM 191216100 11277 199600 SH DEFINED 011623 199600
COCA-COLA COM 191216100 22600 400000 SH DEFINED 011618 400000
COCA-COLA COM 191216100 452 8000 SH DEFINED 011620 8000
COCA-COLA COM 191216100 26459 468245 SH DEFINED 0102 184500 283745
COCA-COLA COM 191216100 4914 86960 SH DEFINED 0103 11100 75860
FEMSA COKE COM 191241108 17456 950000 SH DEFINED 011516 950000
COFLEXIP -SPON ADR COM 192384105 7528 275000 SH DEFINED 0135 275000
COLEMAN COMPANY INC COM 193559101 706 18400 SH DEFINED 011620 18400
COLLECTIVE BANCORP I COM 193901105 3534 195000 SH DEFINED 0128 195000
COLGATE-PALMOLIVE COM 194162103 26400 400000 SH DEFINED 0124 400000
COLGATE-PALMOLIVE COM 194162103 1342 20335 SH DEFINED 0102 7800 12535
COLGATE-PALMOLIVE COM 194162103 469 7111 SH DEFINED 0103 7111
COLUMBIA GAS SYSTEM COM 197648108 73 2480 SH DEFINED 0103 2480
COLUMBIA HEALTHCARE COM 197677107 16018 372500 SH DEFINED 0130 372500
COLUMBIA HEALTHCARE COM 197677107 30100 700000 SH DEFINED 011618 700000
COLUMBIA HEALTHCARE COM 197677107 2365 55000 SH DEFINED 011620 55000
<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
COLUMBIA HEALTHCARE COM 197677107 15477 359901 SH DEFINED 0102 167500 192401
COLUMBIA HEALTHCARE COM 197677107 1091 25359 SH DEFINED 0103 7600 17759
COLUMBIA HEALTHCARE COM 197677107 2795 65000 SH DEFINED 01 65000
COMCAST CORP CONV BOND 200300AR2 12814 29800000 PRN DEFINED 011516 29800000
COMCAST CORPORATION COM 200300101 9338 600000 SH DEFINED 0111 600000
COMCAST CORPORATION COM 200300101 27234 1750000 SH DEFINED 011516 1750000
COMCAST CORPORATION COM 200300101 69 4500 SH DEFINED 0102 4500
COMCAST CORP CLA SPL COM 200300200 211 13500 SH DEFINED 0125 13500
COMCAST CORP CLA SPL COM 200300200 11719 750000 SH DEFINED 011618 750000
COMCAST CORP CLA SPL COM 200300200 66 4150 SH DEFINED 0102 4150
COMCAST CORP CLA SPL COM 200300200 274 17515 SH DEFINED 0103 17515
COMDATA HOLDINGS COR COM 200321206 950 80000 SH DEFINED 011619 80000
COMMERCIAL METALS COM 201723103 2588 100000 SH DEFINED 0111 100000
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 8510 84092 SH DEFINED 0105 84092
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 5158 50975 SH DEFINED 01 50975
COMMWLTH ED $100 PVT PREFERRED STOCK 20279K2*7 1245 12306 SH DEFINED 0116 12306
COMMONWEALTH EDISON PREFERRED STOCK 2027959A0 9028 87750 SH DEFINED 0105 87750
COMMONWEALTH ALUM COM 202904108 7000 500000 SH DEFINED 0124 500000
COMMONWEALTH EDISON PREFERRED STOCK 202990925 3787 36503 SH DEFINED 01 36503
COMMUNITY HEALTH SYS COM 203666102 3150 100000 SH DEFINED 0128 100000
COMMUNITY HEALTH SYS COM 203666102 3953 125494 SH DEFINED 01 125494
COMMUNITY PSYCH CNTR COM 204015101 21888 1700000 SH DEFINED 011516 1700000
COMMUNITY PSYCH CNTR COM 204015101 28 2137 SH DEFINED 0103 2137
CHILE TELEPHONE CO COM 204449201 7676 115000 SH DEFINED 0112 115000
CHILE TELEPHONE CO COM 204449201 7743 116000 SH DEFINED 011617 116000
CHILE TELEPHONE CO COM 204449201 26 385 SH DEFINED 01 385
COMP NAVIERA PEREZ COM 204484109 8826 1180000 SH DEFINED 0135 1180000
COMPAQ COMPUTER CORP COM 204493100 14663 425000 SH DEFINED 0130 425000
COMPAQ COMPUTER CORP COM 204493100 7245 210000 SH DEFINED 0108 210000
COMPAQ COMPUTER CORP COM 204493100 48300 1400000 SH DEFINED 0126 1400000
COMPAQ COMPUTER CORP COM 204493100 12938 375000 SH DEFINED 0106 375000
COMPAQ COMPUTER CORP COM 204493100 20700 600000 SH DEFINED 0111 600000
COMPAQ COMPUTER CORP COM 204493100 21563 625000 SH DEFINED 0124 625000
COMPAQ COMPUTER CORP COM 204493100 721 20900 SH DEFINED 0125 20900
COMPAQ COMPUTER CORP COM 204493100 5175 150000 SH DEFINED 011622 150000
COMPAQ COMPUTER CORP COM 204493100 11903 345000 SH DEFINED 011623 345000
COMPAQ COMPUTER CORP COM 204493100 20700 600000 SH DEFINED 011516 600000
COMPAQ COMPUTER CORP COM 204493100 17250 500000 SH DEFINED 011618 500000
COMPAQ COMPUTER CORP COM 204493100 107481 3115442 SH DEFINED 0102 1057500 2057942
COMPAQ COMPUTER CORP COM 204493100 10098 292700 SH DEFINED 0131 292700
COMPAQ COMPUTER CORP COM 204493100 2186 63373 SH DEFINED 0103 41700 21673
COMPAQ COMPUTER CORP COM 204493100 16905 490000 SH DEFINED 01 490000
COMPUTER ASSOC COM 204912109 95000 1600000 SH DEFINED 0126 1600000
COMPUTER ASSOC COM 204912109 968 16300 SH DEFINED 0125 16300
COMPUTER ASSOC COM 204912109 5938 100000 SH DEFINED 011622 100000
COMPUTER ASSOC COM 204912109 14784 249000 SH DEFINED 011623 249000
COMPUTER ASSOC COM 204912109 21969 370000 SH DEFINED 011618 370000
COMPUTER ASSOC COM 204912109 19520 328737 SH DEFINED 0102 52900 275837
COMPUTER ASSOC COM 204912109 1769 29788 SH DEFINED 0103 14900 14888
COMPUTER ASSOC COM 204912109 160 2700 SH DEFINED 01 2700
<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
COMPUTER SCIENCES COM 205363104 16047 325000 SH DEFINED 0126 325000
COMPUTER SCIENCES COM 205363104 494 10000 SH DEFINED 011620 10000
COMPUTER SCIENCES COM 205363104 20 400 SH DEFINED 0102 400
COMPUTER SCIENCES COM 205363104 8300 168100 SH DEFINED 0131 168100
COMPUTER SCIENCES COM 205363104 572 11594 SH DEFINED 0103 9100 2494
COMPUWARE COM 205638109 6475 175000 SH DEFINED 0108 175000
COMPUWARE COM 205638109 7400 200000 SH DEFINED 0106 200000
COMPUWARE COM 205638109 1228 33200 SH DEFINED 011622 33200
COMPUWARE COM 205638109 2720 73500 SH DEFINED 011623 73500
COMPUWARE COM 205638109 16650 450000 SH DEFINED 011618 450000
COMPUWARE COM 205638109 1110 30000 SH DEFINED 011619 30000
COMPUWARE COM 205638109 5920 160000 SH DEFINED 011614 160000
COMPUWARE COM 205638109 8583 231900 SH DEFINED 0102 231900
COMPUWARE COM 205638109 4718 127500 SH DEFINED 0131 127500
COMPUWARE COM 205638109 455 12300 SH DEFINED 0103 12300
COMPUWARE COM 205638109 2883 77920 SH DEFINED 01 77920
COMSAT CORP COM 20564D107 2518 135200 SH DEFINED 0132 135200
COMSAT CORP COM 20564D107 7078 380000 SH DEFINED 0107 380000
CONAGRA COM 205887102 3286 99200 SH DEFINED 0130 99200
CONAGRA COM 205887102 6625 200000 SH DEFINED 0108 200000
CONAGRA COM 205887102 53162 1604900 SH DEFINED 0126 1604900
CONAGRA COM 205887102 245 7400 SH DEFINED 0125 7400
CONAGRA COM 205887102 11925 360000 SH DEFINED 0107 360000
CONAGRA COM 205887102 33 1000 SH DEFINED 0102 1000
CONAGRA COM 205887102 509 15368 SH DEFINED 0103 15368
CONAGRA COM 205887102 6086 183730 SH DEFINED 01 183730
CONCORDIA PAPER COM 206575102 1485 110000 SH DEFINED 0128 110000
CONNER PERIPHERALS CONV BOND 208108AB6 11625 15000000 PRN DEFINED 0130 15000000
CONNER PERIPHERALS CONV BOND 208108AB6 7750 10000000 PRN DEFINED 011618 10000000
CONNER PERIPHERALS CONV BOND 208108AC4 5425 7000000 PRN DEFINED 0104 7000000
CONNER PERIPHERALS CONV BOND 208108AC4 2325 3000000 PRN DEFINED 011621 3000000
CONRAIL INC. COM 208368100 9822 175000 SH DEFINED 0108 175000
CONRAIL INC. COM 208368100 971 17300 SH DEFINED 0125 17300
CONRAIL INC. COM 208368100 11225 200000 SH DEFINED 011516 200000
CONRAIL INC. COM 208368100 11225 200000 SH DEFINED 011618 200000
CONRAIL INC. COM 208368100 42353 754625 SH DEFINED 0102 260100 494525
CONRAIL INC. COM 208368100 638 11370 SH DEFINED 0103 11370
CONRAIL INC. COM 208368100 95 1700 SH DEFINED 01 1700
CONSO COM 20854R105 4200 300000 SH DEFINED 0107 300000
CONSO COM 20854R105 910 65000 SH DEFINED 011619 65000
CONSOLIDATED EDISON COM 209111103 314 11521 SH DEFINED 0103 11521
CON FREIGHTWAYS COM 209237106 47 1780 SH DEFINED 0103 1780
CONSOLIDATED NAT GAS COM 209615103 176 4563 SH DEFINED 0103 4563
CONSORCIO G ADR DINA COM 210306106 3963 1132199 SH DEFINED 01 1132199
CONTINENTAL CIRCUITS COM 211213103 914 85000 SH DEFINED 011619 85000
CONTINENTAL CORP COM 211327101 53 2721 SH DEFINED 0103 2721
CONTINENTAL WASTE COM 21215T103 924 85000 SH DEFINED 011619 85000
CONVEX COMPUTER CORP CONV BOND 212578AA6 1215 2000000 PRN DEFINED 0104 2000000
CONVEX COMPUTER CORP CONV BOND 212578AA6 2430 4000000 PRN DEFINED 011621 4000000
COOPER INDUSTRIES COM 216669101 219 5660 SH DEFINED 0103 5660
<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
COOPER TIRE & RUBBER COM 216831107 116 4102 SH DEFINED 0103 4102
COORS ADOLPH COM 217016104 31 1878 SH DEFINED 0103 1878
COPART COM 217204106 6175 325000 SH DEFINED 011516 325000
CORAM HEALTHCARE COR COM 218103109 6978 275000 SH DEFINED 011516 275000
CORAM HEALTHCARE COR COM 218103109 1269 50000 SH DEFINED 011619 50000
CORAM HEALTHCARE COR COM 218103109 5583 220000 SH DEFINED 011614 220000
CORDIS CORP COM 218525103 5456 75000 SH DEFINED 011614 75000
CORDIS CORP COM 218525103 19410 266800 SH DEFINED 0102 266800
CORDIS CORP COM 218525103 480 6600 SH DEFINED 0103 6600
CORESTATES FINANCIAL COM 218695104 221 6901 SH DEFINED 0103 6901
CORNING INC COM 219350105 402 11160 SH DEFINED 0103 11160
CORNING INC COM 219350105 900 25000 SH DEFINED 01 25000
CORPORATE EXPRESS COM 219888104 11 400 SH DEFINED 0102 400
CORPORATE EXPRESS COM 219888104 6228 235000 SH DEFINED 0131 235000
CORPORATE EXPRESS COM 219888104 212 8000 SH DEFINED 0103 8000
CORRPRO CO COM 220317101 1275 75000 SH DEFINED 011619 75000
CORRPRO CO COM 220317101 2720 160000 SH DEFINED 011614 160000
COUNTRYWIDE CREDIT COM 222372104 15638 900000 SH DEFINED 011516 900000
COVENTRY CORPORATION COM 222853103 725 25000 SH DEFINED 0106 25000
COVENTRY CORPORATION COM 222853103 122 4200 SH DEFINED 011619 4200
COVENTRY CORPORATION COM 222853103 6258 215800 SH DEFINED 011614 215800
COVENTRY CORPORATION COM 222853103 23600 813700 SH DEFINED 0102 813700
COVENTRY CORPORATION COM 222853103 11954 412200 SH DEFINED 0131 412200
COVENTRY CORPORATION COM 222853103 1241 42800 SH DEFINED 0103 42800
COX BROADCAST COM 224044107 8375 500000 SH DEFINED 011516 500000
COX BROADCAST COM 224044107 670 40000 SH DEFINED 01 40000
CRANE CO. COM 224399105 56 1836 SH DEFINED 0103 1836
CRAY RESEARCH INC COM 225224104 23 1259 SH DEFINED 0103 1259
CREDENCE SYSTEMS COR COM 225302108 7813 250000 SH DEFINED 0106 250000
CREDENCE SYSTEMS COR COM 225302108 1875 60000 SH DEFINED 011619 60000
CREDENCE SYSTEMS COR COM 225302108 1063 34000 SH DEFINED 011620 34000
CREDENCE SYSTEMS COR COM 225302108 6250 200000 SH DEFINED 011614 200000
CROMPTON & KNOWLES COM 227111101 8375 500000 SH DEFINED 0124 500000
CROMPTON & KNOWLES COM 227111101 670 40000 SH DEFINED 01 40000
CROP GROWERS COM 227297108 1873 70000 SH DEFINED 011619 70000
CROWN AMERICA COM 228186102 4863 374100 SH DEFINED 0130 374100
CROWN AMERICA COM 228186102 9883 760200 SH DEFINED 0113 760200
CROWN AMERICA COM 228186102 2600 200000 SH DEFINED 0132 200000
CROWN AMERICA COM 228186102 2860 220000 SH DEFINED 0107 220000
CROWN AMERICA COM 228186102 65 5000 SH DEFINED 01 5000
CROWN CORK & SEAL COM 228255105 26325 600000 SH DEFINED 0130 600000
CROWN CORK & SEAL COM 228255105 14029 319740 SH DEFINED 0108 319740
CROWN CORK & SEAL COM 228255105 13163 300000 SH DEFINED 0126 300000
CROWN CORK & SEAL COM 228255105 15356 350000 SH DEFINED 0124 350000
CROWN CORK & SEAL COM 228255105 28519 650000 SH DEFINED 011516 650000
CROWN CORK & SEAL COM 228255105 21938 500000 SH DEFINED 011618 500000
CROWN CORK & SEAL COM 228255105 1667 38000 SH DEFINED 011619 38000
CROWN CORK & SEAL COM 228255105 3997 91100 SH DEFINED 011614 91100
CROWN CORK & SEAL COM 228255105 10006 228000 SH DEFINED 0102 106050 121950
CROWN CORK & SEAL COM 228255105 2023 46100 SH DEFINED 0131 46100
<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
CROWN CORK & SEAL COM 228255105 921 20976 SH DEFINED 0103 16600 4376
CROWN PKG WTS WARRANT 228443115 213 5000 SH DEFINED 0104 5000
CROWN PKG WTS WARRANT 228443115 425 10000 SH DEFINED 0109 10000
CUMMINS ENGINE COM 231021106 91 2040 SH DEFINED 0103 2040
CYPRESS SEMICONDCTR COM 232806109 3903 140000 SH DEFINED 011614 140000
CYPRESS SEMICONDCTR COM 232806109 1123 40300 SH DEFINED 0102 40300
CYPRESS SEMICONDCTR COM 232806109 755 27100 SH DEFINED 0131 27100
CYPRESS SEMICONDCTR COM 232806109 73 2600 SH DEFINED 0103 2600
CYPRUS AMAX MINERALS COM 232809103 25538 900000 SH DEFINED 0130 900000
CYPRUS AMAX MINERALS COM 232809103 1844 65000 SH DEFINED 011620 65000
CYPRUS AMAX MINERALS COM 232809103 129 4539 SH DEFINED 0103 4539
DQE COM 23329J104 6575 200000 SH DEFINED 0132 200000
DPL INC COM 233293109 5219 250000 SH DEFINED 0132 250000
DPL INC COM 233293109 9084 435150 SH DEFINED 0103 435150
DSC COMMUNICATIONS COM 233311109 26050 800000 SH DEFINED 0126 800000
DSC COMMUNICATIONS COM 233311109 6513 200000 SH DEFINED 0106 200000
DSC COMMUNICATIONS COM 233311109 13025 400000 SH DEFINED 011516 400000
DSC COMMUNICATIONS COM 233311109 12374 380000 SH DEFINED 011618 380000
DSC COMMUNICATIONS COM 233311109 1628 50000 SH DEFINED 011619 50000
DSC COMMUNICATIONS COM 233311109 26 800 SH DEFINED 0102 800
DSC COMMUNICATIONS COM 233311109 9739 299100 SH DEFINED 0131 299100
DSC COMMUNICATIONS COM 233311109 738 22660 SH DEFINED 0103 17100 5560
DSC COMMUNICATIONS COM 233311109 2627 80679 SH DEFINED 01 80679
DAMARK FNTL INC COM 235691102 2205 315000 SH DEFINED 011516 315000
DANA CORP COM 235811106 26775 1050000 SH DEFINED 0130 1050000
DANA CORP COM 235811106 7650 300000 SH DEFINED 0108 300000
DANA CORP COM 235811106 22950 900000 SH DEFINED 0113 900000
DANA CORP COM 235811106 124 4844 SH DEFINED 0103 4844
DANKA BUS SYS 144A CONV BOND 236277AA7 7543 7000000 PRN DEFINED 0130 7000000
DANKA BUS SYS 144A CONV BOND 236277AA7 1401 1300000 PRN DEFINED 0104 1300000
DANKA BUS SYS 144A CONV BOND 236277AA7 5388 5000000 PRN DEFINED 0107 5000000
DANKA BUS SYS 144A CONV BOND 236277AA7 5388 5000000 PRN DEFINED 011516 5000000
DANKA BUS SYS 144A CONV BOND 236277AA7 754 700000 PRN DEFINED 011621 700000
DANKA BUSINESS SYS P COM 236277109 21000 800000 SH DEFINED 0111 800000
DANKA BUSINESS SYS P COM 236277109 7875 300000 SH DEFINED 011516 300000
DANKA BUSINESS SYS P COM 236277109 7875 300000 SH DEFINED 011614 300000
DANKA BUSINESS SYS P COM 236277109 4980 189600 SH DEFINED 0102 189600
DANKA BUSINESS SYS P COM 236277109 2625 100000 SH DEFINED 0131 100000
DANKA BUSINESS SYS P COM 236277109 284 10800 SH DEFINED 0103 10800
DATA GENERAL COM 237688106 13 1765 SH DEFINED 0103 1765
DAYTON HUDSON CORP COM 239753106 9653 135000 SH DEFINED 0108 135000
DAYTON HUDSON CORP COM 239753106 21450 300000 SH DEFINED 0113 300000
DAYTON HUDSON CORP COM 239753106 8938 125000 SH DEFINED 0124 125000
DAYTON HUDSON CORP COM 239753106 1809 25300 SH DEFINED 0125 25300
DAYTON HUDSON CORP COM 239753106 11798 165000 SH DEFINED 0107 165000
DAYTON HUDSON CORP COM 239753106 12870 180000 SH DEFINED 011618 180000
DAYTON HUDSON CORP COM 239753106 154933 2166779 SH DEFINED 0102 655400 1511379
DAYTON HUDSON CORP COM 239753106 16088 225000 SH DEFINED 0131 225000
DAYTON HUDSON CORP COM 239753106 3618 50612 SH DEFINED 0103 27800 22812
DAYTON HUDSON CORP COM 239753106 19406 271415 SH DEFINED 01 271415
<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
DEBEERS CONS MINES COM 240253302 4975 200000 SH DEFINED 0128 200000
DEAN FOODS COM 242361103 4520 160000 SH DEFINED 0128 160000
DEAN FOODS COM 242361103 4972 176000 SH DEFINED 0131 176000
DEAN WITTER COM 24240V101 57050 1400000 SH DEFINED 0126 1400000
DEAN WITTER COM 24240V101 18745 460000 SH DEFINED 011618 460000
DEAN WITTER COM 24240V101 375 9198 SH DEFINED 0102 9198
DEAN WITTER COM 24240V101 3749 92000 SH DEFINED 0131 92000
DEAN WITTER COM 24240V101 607 14892 SH DEFINED 0103 4900 9992
DEERE & COMPANY COM 244199105 14219 175000 SH DEFINED 0130 175000
DEERE & COMPANY COM 244199105 20313 250000 SH DEFINED 0111 250000
DEERE & COMPANY COM 244199105 1398 17200 SH DEFINED 0125 17200
DEERE & COMPANY COM 244199105 4631 57000 SH DEFINED 011622 57000
DEERE & COMPANY COM 244199105 7963 98000 SH DEFINED 011623 98000
DEERE & COMPANY COM 244199105 33313 410000 SH DEFINED 011516 410000
DEERE & COMPANY COM 244199105 17875 220000 SH DEFINED 011618 220000
DEERE & COMPANY COM 244199105 71831 883997 SH DEFINED 0102 287200 596797
DEERE & COMPANY COM 244199105 1567 19287 SH DEFINED 0103 7650 11637
DEERE & COMPANY COM 244199105 12592 154976 SH DEFINED 01 154976
DEL MARVA P&L COM 247109101 4938 250000 SH DEFINED 0132 250000
DELTA AIR LINES CONV BOND 247361YA0 10985 13000000 PRN DEFINED 0113 13000000
DELTA AIR LINES CONV BOND 247361YA0 3380 4000000 PRN DEFINED 0131 4000000
DELTA AIR LINES CONV BOND 247361YA0 676 800000 PRN DEFINED 0103 800000
DELTA AIR LINES COM 247361108 155 2474 SH DEFINED 0103 2474
DELTA AIRLINES $50 @ CONV PFD STOCK 247361306 10650 200000 SH DEFINED 0113 200000
DELTA AIRLINES $50 @ CONV PFD STOCK 247361306 2929 55000 SH DEFINED 0131 55000
DELTA AIRLINES $50 @ CONV PFD STOCK 247361306 138 2600 SH DEFINED 0103 2600
DELTA AIRLINES $50 @ CONV PFD STOCK 247361306 21912 411500 SH DEFINED 01 411500
DELUXE CORPORATION COM 248019101 115 4051 SH DEFINED 0103 4051
DEPARTMENT 56 COM 249509100 9969 250000 SH DEFINED 011516 250000
DEPARTMENT 56 COM 249509100 1396 35000 SH DEFINED 011619 35000
DESC SOCIEDAD INDUST COM 250309101 3300 400000 SH DEFINED 0124 400000
DETROIT EDISON COM 250847100 194 7105 SH DEFINED 0103 7105
DEVELOPERS DIV RLTY CONV BOND 251591AA1 3316 3500000 PRN DEFINED 0104 3500000
DEVELOPERS DIV RLTY CONV BOND 251591AA1 1421 1500000 PRN DEFINED 011621 1500000
DEVON ENERGY COM 251799102 5040 240000 SH DEFINED 0124 240000
DEVON ENERGY COM 251799102 12460 593300 SH DEFINED 0102 593300
DEVON ENERGY COM 251799102 235 11200 SH DEFINED 0103 11200
DIAL PAGE WARRANTS WARRANT 252460993 0 18902 SH DEFINED 0109 18902
DIAL CORP ARIZONA COM 252470109 7613 300000 SH DEFINED 011516 300000
DIAL CORP ARIZONA COM 252470109 115 4539 SH DEFINED 0103 4539
DIAMOND SHAMROCK INC COM 252747100 451 17100 SH DEFINED 0102 17100
DIGITAL EQUIPMENT COM 253849103 265 7001 SH DEFINED 0103 7001
DIGITAL LINK COM 253856108 3075 100000 SH DEFINED 011614 100000
DIMAC COM 253914303 1354 95000 SH DEFINED 011619 95000
DILLARD DEPT CLASS A COM 254063100 12431 450000 SH DEFINED 0124 450000
DILLARD DEPT CLASS A COM 254063100 153 5542 SH DEFINED 0103 5542
DISNEY WALT CO COM 254687106 26688 500000 SH DEFINED 0111 500000
DISNEY WALT CO COM 254687106 195 3654 SH DEFINED 0102 3654
DISNEY WALT CO COM 254687106 1401 26246 SH DEFINED 0103 26246
DISNEY WALT CO COM 254687106 1334 25000 SH DEFINED 01 25000
<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
DOLLAR GENRAL COM 256669102 730 27800 SH DEFINED 011619 27800
DOLLAR GENRAL COM 256669102 3470 132200 SH DEFINED 011614 132200
DOMINION RES INC VA COM 257470104 304 8452 SH DEFINED 0103 8452
DONNELLEY (RR)&SONS COM 257867101 259 7523 SH DEFINED 0103 7523
DONN-KENNY COM 258006105 11381 695000 SH DEFINED 011516 695000
DOVER CORP COM 260003108 74244 1146622 SH DEFINED 0103 1146622
DOW CHEMICAL COM 260543103 21900 300000 SH DEFINED 0130 300000
DOW CHEMICAL COM 260543103 54750 750000 SH DEFINED 0126 750000
DOW CHEMICAL COM 260543103 31025 425000 SH DEFINED 0113 425000
DOW CHEMICAL COM 260543103 36500 500000 SH DEFINED 0124 500000
DOW CHEMICAL COM 260543103 11315 155000 SH DEFINED 0107 155000
DOW CHEMICAL COM 260543103 6634 90840 SH DEFINED 0102 51500 39340
DOW CHEMICAL COM 260543103 20805 285000 SH DEFINED 0131 285000
DOW CHEMICAL COM 260543103 1737 23791 SH DEFINED 0103 23791
DOW CHEMICAL COM 260543103 13250 181500 SH DEFINED 01 181500
DOW JONES & CO COM 260561105 182 4807 SH DEFINED 0103 4807
DRESSER INDUSTRIES COM 261597108 192 9014 SH DEFINED 0103 9014
DRIEFONTEIN CON ADR COM 262026503 420 30000 SH DEFINED 0127 30000
DREYFUS MONEY MARKET COM 262904204 4 3546 SH DEFINED 01 3546
E I DUPONT COM 263534109 2020 33395 SH DEFINED 0103 33395
DUKE POWER COMPANY COM 264399106 454 11800 SH DEFINED 0102 11800
DUKE POWER COMPANY COM 264399106 387 10047 SH DEFINED 0103 10047
DUKE POWER COMPANY COM 264399106 1925 50000 SH DEFINED 01 50000
DUKE REALTY COM 264411505 5830 220000 SH DEFINED 011618 220000
DUN & BRADSTREET CP COM 264830100 22366 425000 SH DEFINED 0113 425000
DUN & BRADSTREET CP COM 264830100 16577 315000 SH DEFINED 0131 315000
DUN & BRADSTREET CP COM 264830100 1070 20327 SH DEFINED 0103 20327
DURACELL COM 26633L103 22375 500000 SH DEFINED 0130 500000
DURACELL COM 26633L103 40275 900000 SH DEFINED 0126 900000
DURACELL COM 26633L103 17900 400000 SH DEFINED 0111 400000
DURACELL COM 26633L103 22375 500000 SH DEFINED 0124 500000
DURACELL COM 26633L103 3562 79600 SH DEFINED 011622 79600
DURACELL COM 26633L103 7894 176400 SH DEFINED 011623 176400
DURACELL COM 26633L103 1007 22500 SH DEFINED 011620 22500
DURACELL COM 26633L103 12458 278375 SH DEFINED 0102 49500 228875
DURACELL COM 26633L103 3992 89200 SH DEFINED 0131 89200
DURACELL COM 26633L103 1190 26600 SH DEFINED 0103 26600
DURACELL COM 26633L103 10239 228805 SH DEFINED 01 228805
ECI TELECOMMUNICATIO COM 268258100 199 13345 SH DEFINED 01 13345
E G & G INC COM 268457108 41 2704 SH DEFINED 0103 2704
EGSF VENTURE CAPITAL COM 268460995 27 48 SH DEFINED 0102 48
EIS INTERNATIONAL IN COM 268539103 1926 115000 SH DEFINED 011619 115000
EIS INTERNATIONAL IN COM 268539103 4606 275000 SH DEFINED 011614 275000
EMC CORPORATION COM 268648102 418 24900 SH DEFINED 0102 24900
E-SYSTEMS INC COM 269157301 4538 100000 SH DEFINED 011618 100000
E-SYSTEMS INC COM 269157301 76 1669 SH DEFINED 0103 1669
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 27 967 SH DEFINED 0103 967
EASTMAN CHEMICAL CO COM 277432100 226 4056 SH DEFINED 0103 4056
<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
EASTMAN CHEMICAL CO COM 277432100 556 10000 SH DEFINED 01 10000
EASTMAN KODAK COM 277461109 904 17000 SH DEFINED 0102 17000
EASTMAN KODAK COM 277461109 885 16660 SH DEFINED 0103 16660
EASTMAN KODAK COM 277461109 1063 20000 SH DEFINED 01 20000
EATON CORP COM 278058102 13563 250000 SH DEFINED 0126 250000
EATON CORP COM 278058102 203 3742 SH DEFINED 0103 3742
ECHLIN INC COM 278749106 112 2898 SH DEFINED 0103 2898
ECHO BAY FINANCE CONV PFD STOCK 27875L207 1613 50000 SH DEFINED 0127 50000
ECHO BAY MINES LTD COM 278751102 57 5517 SH DEFINED 0103 5517
ECOLAB, INC. COM 278865100 6305 260000 SH DEFINED 0128 260000
ECOLAB, INC. COM 278865100 17 700 SH DEFINED 0102 700
ECOLAB, INC. COM 278865100 7251 299000 SH DEFINED 0131 299000
ECOLAB, INC. COM 278865100 444 18316 SH DEFINED 0103 15000 3316
ELAN CORP PLC ADR COM 284131208 30 800 SH DEFINED 0102 800
ELAN CORP PLC ADR COM 284131208 462 12400 SH DEFINED 0103 12400
ELECTRO SCIENTIFIC COM 285229100 1158 48000 SH DEFINED 011619 48000
EMERSON ELECTRIC COM 291011104 5320 80000 SH DEFINED 0107 80000
EMERSON ELECTRIC COM 291011104 23940 360000 SH DEFINED 011618 360000
EMERSON ELECTRIC COM 291011104 5978 89905 SH DEFINED 0102 15350 74555
EMERSON ELECTRIC COM 291011104 18288 275000 SH DEFINED 0131 275000
EMERSON ELECTRIC COM 291011104 1330 19986 SH DEFINED 0103 19986
EMPI INC COM 291586105 1213 100000 SH DEFINED 011619 100000
EMPIRE DISTRICT ELEC COM 291641108 8554 492302 SH DEFINED 0103 492302
EMPRESA NACIONAL DE COM 292447208 4238 100000 SH DEFINED 0132 100000
EMPRESAS ICA SOC CVT CONV BOND 292448AC1 1625 5000000 PRN DEFINED 011618 5000000
EMPRESAS ICA S COM 292448107 3009 501500 SH DEFINED 0112 501500
EMPRESAS ICA S COM 292448107 3321 553500 SH DEFINED 011617 553500
EMPRESAS ICA S COM 292448107 89 14855 SH DEFINED 01 14855
ENERGY BIO 144A $50 CONV PFD STOCK 29265L201 1400 35000 SH DEFINED 011614 35000
ENGELHARD CORP COM 292845104 138 4671 SH DEFINED 0103 4671
ENHANCE FINANCIAL SV COM 293310108 2890 170000 SH DEFINED 0128 170000
ENHANCE FINANCIAL SV COM 293310108 5622 330700 SH DEFINED 0131 330700
ENHANCE FINANCIAL SV COM 293310108 241 14200 SH DEFINED 0103 14200
ENRON GLOBAL POWER COM 29356M100 2400 100000 SH DEFINED 0132 100000
ENRON GLOBAL POWER COM 29356M100 12600 525000 SH DEFINED 0107 525000
ENRON CORP COM 293561106 26400 800000 SH DEFINED 0130 800000
ENRON CORP COM 293561106 66000 2000000 SH DEFINED 0126 2000000
ENRON CORP COM 293561106 2970 90000 SH DEFINED 0106 90000
ENRON CORP COM 293561106 16500 500000 SH DEFINED 0132 500000
ENRON CORP COM 293561106 16500 500000 SH DEFINED 0124 500000
ENRON CORP COM 293561106 287 8700 SH DEFINED 0125 8700
ENRON CORP COM 293561106 12210 370000 SH DEFINED 0107 370000
ENRON CORP COM 293561106 9075 275000 SH DEFINED 011516 275000
ENRON CORP COM 293561106 11550 350000 SH DEFINED 011618 350000
ENRON CORP COM 293561106 31031 940155 SH DEFINED 0102 355300 584855
ENRON CORP COM 293561106 19470 590000 SH DEFINED 0131 590000
ENRON CORP COM 293561106 2149 65107 SH DEFINED 0103 30900 34207
ENRON CORP COM 293561106 1155 35000 SH DEFINED 01 35000
ENRON OIL & GAS CO COM 293562104 10466 425000 SH DEFINED 0108 425000
ENRON OIL & GAS CO COM 293562104 23697 962300 SH DEFINED 0102 962300
<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
ENRON OIL & GAS CO COM 293562104 601 24400 SH DEFINED 0103 24400
ENSERCH CORP COM 293567103 49 3283 SH DEFINED 0103 3283
ENTERGY CORP COM 29364G103 233 11152 SH DEFINED 0103 11152
ENTERRA CORP COM 293805107 5309 310000 SH DEFINED 0108 310000
ENVOY CORP COM 293944104 5329 245000 SH DEFINED 011516 245000
ENVIRODYNE IND INC COM 294037205 1159 272668 SH DEFINED 0104 272668
ENVIRODYNE IND INC COM 294037205 3090 727116 SH DEFINED 0109 727116
ENVIRODYNE IND INC COM 294037205 386 90890 SH DEFINED 011621 90890
ENVIRODYNE IND INC COM 294037205 1648 387795 SH DEFINED 0116 387795
ENVIRODYNE IND INC COM 294037205 155 36356 SH DEFINED 01 36356
ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 3690 30000 SH DEFINED 0104 30000
ENVIROSOURCE $100 G CONV PFD STOCK 29409K507 13776 112000 SH DEFINED 0109 112000
EQUITABLE COMPANIES CONV BOND 29444GAE7 21000 20000000 PRN DEFINED 0130 20000000
EQUITABLE COMPANIES CONV BOND 29444GAE7 14175 13500000 PRN DEFINED 0124 13500000
EQUITABLE COS INC COM 29444G107 506 23000 SH DEFINED 011620 23000
EQUITABLE OF IOWA CO COM 294510300 6775 200000 SH DEFINED 0108 200000
EQUITABLE OF IOWA CO COM 294510300 17 500 SH DEFINED 0102 500
EQUITABLE OF IOWA CO COM 294510300 3896 115000 SH DEFINED 0131 115000
EQUITABLE OF IOWA CO COM 294510300 315 9300 SH DEFINED 0103 9300
EQUITABLE RESOURCES COM 294549100 4739 170000 SH DEFINED 0128 170000
EQUITY CORP INT'L COM 294644109 1120 70000 SH DEFINED 011619 70000
EQUITY RESIDENTIAL COM 29476L107 5200 200000 SH DEFINED 0130 200000
EQUITY RESIDENTIAL COM 29476L107 10400 400000 SH DEFINED 0113 400000
EQUITY RESIDENTIAL COM 29476L107 3900 150000 SH DEFINED 0132 150000
EQUITY RESIDENTIAL COM 29476L107 3380 130000 SH DEFINED 011618 130000
ERICSSON L M 'B' FR COM 294821202 4388 70820 SH DEFINED 0112 70820
ERICSSON L M 'B' FR COM 294821202 4989 80520 SH DEFINED 011617 80520
ERICSSON LM 'B' ADR COM 294821400 25961 420000 SH DEFINED 0126 420000
ERICSSON LM 'B' ADR COM 294821400 24725 400000 SH DEFINED 0111 400000
ERICSSON LM 'B' ADR COM 294821400 4790 77500 SH DEFINED 011622 77500
ERICSSON LM 'B' ADR COM 294821400 10607 171600 SH DEFINED 011623 171600
ERICSSON LM 'B' ADR COM 294821400 15453 250000 SH DEFINED 011618 250000
ERICSSON LM 'B' ADR COM 294821400 13097 211855 SH DEFINED 0102 57600 154255
ERICSSON LM 'B' ADR COM 294821400 5742 92900 SH DEFINED 0131 92900
ERICSSON LM 'B' ADR COM 294821400 794 12850 SH DEFINED 0103 12850
ERICSSON LM ADR'S COM 294821509 18281 9000000 SH DEFINED 0130 9000000
ERICSSON LM ADR'S COM 294821509 20313 10000000 SH DEFINED 0124 10000000
ETHAN ALLEN COM 297602104 4175 200000 SH DEFINED 0128 200000
ETHICAL HLDGS LTD COM 297645202 521 85000 SH DEFINED 011619 85000
ETHYL CORP COM 297659104 15375 1500000 SH DEFINED 0113 1500000
ETHYL CORP COM 297659104 2819 275000 SH DEFINED 0128 275000
ETHYL CORP COM 297659104 9225 900000 SH DEFINED 0131 900000
ETHYL CORP COM 297659104 413 40300 SH DEFINED 0103 40300
EXPRESS SCRIPT COM 302182100 445 15900 SH DEFINED 0106 15900
EXPRESS SCRIPT COM 302182100 4486 160200 SH DEFINED 011614 160200
EXXON COM 302290101 33375 500000 SH DEFINED 0130 500000
EXXON COM 302290101 5006 75000 SH DEFINED 0108 75000
EXXON COM 302290101 51398 770000 SH DEFINED 0126 770000
EXXON COM 302290101 28369 425000 SH DEFINED 0113 425000
EXXON COM 302290101 7496 112300 SH DEFINED 0125 112300
<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
EXXON COM 302290101 15019 225000 SH DEFINED 0107 225000
EXXON COM 302290101 20693 310000 SH DEFINED 011516 310000
EXXON COM 302290101 30038 450000 SH DEFINED 011618 450000
EXXON COM 302290101 2136 32000 SH DEFINED 011620 32000
EXXON COM 302290101 31036 464970 SH DEFINED 0102 66400 398570
EXXON COM 302290101 18356 275000 SH DEFINED 0131 275000
EXXON COM 302290101 8543 127988 SH DEFINED 0103 7800 120188
EXXON COM 302290101 9452 141600 SH DEFINED 01 45600 96000
F & M BANCORPORATION COM 302371109 761 37100 SH DEFINED 0128 37100
FMC CORP COM 302491303 108 1788 SH DEFINED 0103 1788
FPA MEDICAL MGMT INC COM 302543103 3375 150000 SH DEFINED 011516 150000
FPL GROUP INC. COM 302571104 5456 150000 SH DEFINED 0132 150000
FPL GROUP INC. COM 302571104 333 9162 SH DEFINED 0103 9162
FARLEY INC NEW COM 307617928 0 1 SH DEFINED 0109 1
FEATHER LIGHT COM 313054108 780 80000 SH DEFINED 011619 80000
FEDERAL EXPRESS COM 313309106 27050 400000 SH DEFINED 0126 400000
FEDERAL EXPRESS COM 313309106 8115 120000 SH DEFINED 011618 120000
FEDERAL EXPRESS COM 313309106 185 2743 SH DEFINED 0103 2743
FED HOME LOAN MTG CP COM 313400301 553 9150 SH DEFINED 0102 9150
FED HOME LOAN MTG CP COM 313400301 651 10756 SH DEFINED 0103 10756
FEDERAL NATL MTGE COM 313586109 28481 350000 SH DEFINED 0124 350000
FEDERAL NATL MTGE COM 313586109 2539 31200 SH DEFINED 0125 31200
FEDERAL NATL MTGE COM 313586109 13834 170000 SH DEFINED 0107 170000
FEDERAL NATL MTGE COM 313586109 16275 200000 SH DEFINED 011516 200000
FEDERAL NATL MTGE COM 313586109 19530 240000 SH DEFINED 011618 240000
FEDERAL NATL MTGE COM 313586109 1807 22200 SH DEFINED 011620 22200
FEDERAL NATL MTGE COM 313586109 192268 2362847 SH DEFINED 0102 767800 1595047
FEDERAL NATL MTGE COM 313586109 4460 54818 SH DEFINED 0103 24850 29968
FEDERAL NATL MTGE COM 313586109 30659 376750 SH DEFINED 01 376750
FEDERAL PAPER BOARD COM 313693103 397 13950 SH DEFINED 0102 13950
FEDERAL PAPER BOARD COM 313693103 59 2076 SH DEFINED 0103 2076
FEDERATED DPT STORES COM 31410H101 265 11971 SH DEFINED 0116 11971
FEDERATED DPT STORES COM 31410H101 1438 65000 SH DEFINED 01 65000
FEDERATED DPT RES WARRANT 31410J115 132 72890 SH DEFINED 0109 72890
FEDERATED DPT RES WARRANT 31410J115 11 6000 SH DEFINED 011621 6000
FELCOR HOTEL COM 314305103 4298 180000 SH DEFINED 0107 180000
FERRO CORP COM 315405100 10 400 SH DEFINED 0102 400
FERRO CORP COM 315405100 178 7000 SH DEFINED 0103 7000
FIDELITY MAGELLAN FD COM 316184100 4 49 SH DEFINED 01 49
FIRST AMERICAN CORP/ COM 318900107 4858 145000 SH DEFINED 0128 145000
FIRST AMERICAN CORP/ COM 318900107 6700 200000 SH DEFINED 0131 200000
FIRST AMERICAN CORP/ COM 318900107 241 7200 SH DEFINED 0103 7200
FIRST BANK SYSTEM COM 319279105 120 3000 SH DEFINED 0102 3000
FIRST CHICAGO CORP. COM 319455101 35088 700000 SH DEFINED 0130 700000
FIRST CHICAGO CORP. COM 319455101 10025 200000 SH DEFINED 0108 200000
FIRST CHICAGO CORP. COM 319455101 50125 1000000 SH DEFINED 0126 1000000
FIRST CHICAGO CORP. COM 319455101 20050 400000 SH DEFINED 0111 400000
FIRST CHICAGO CORP. COM 319455101 10025 200000 SH DEFINED 0124 200000
FIRST CHICAGO CORP. COM 319455101 1985 39600 SH DEFINED 0125 39600
FIRST CHICAGO CORP. COM 319455101 11779 235000 SH DEFINED 0107 235000
<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
FIRST CHICAGO CORP. COM 319455101 4997 99700 SH DEFINED 011622 99700
FIRST CHICAGO CORP. COM 319455101 11113 221700 SH DEFINED 011623 221700
FIRST CHICAGO CORP. COM 319455101 17544 350000 SH DEFINED 011516 350000
FIRST CHICAGO CORP. COM 319455101 20050 400000 SH DEFINED 011618 400000
FIRST CHICAGO CORP. COM 319455101 225199 4492656 SH DEFINED 0102 1520000 2972656
FIRST CHICAGO CORP. COM 319455101 9990 199300 SH DEFINED 0131 199300
FIRST CHICAGO CORP. COM 319455101 4527 90305 SH DEFINED 0103 63500 26805
FIRST CHICAGO CORP. COM 319455101 24055 479900 SH DEFINED 01 479900
1ST CHICAGO NEXTELL CONV PFD STOCK 319455853 15075 900000 SH DEFINED 0130 900000
1ST CHICAGO NEXTELL CONV PFD STOCK 319455853 8375 500000 SH DEFINED 011516 500000
1ST CHICAGO NEXTELL CONV PFD STOCK 319455853 4188 250000 SH DEFINED 011618 250000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 3075 60000 SH DEFINED 0129 60000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 5125 100000 SH DEFINED 0104 100000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2563 50000 SH DEFINED 0109 50000
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 2178 42500 SH DEFINED 011621 42500
FIRST CHICAGO SRV 50 CONV PFD STOCK 319455861 43388 846600 SH DEFINED 01 846600
FIRST DATA CORP COM 319963104 11413 220000 SH DEFINED 0126 220000
FIRST DATA CORP COM 319963104 1297 25000 SH DEFINED 011619 25000
FIRST DATA CORP COM 319963104 6225 120000 SH DEFINED 011614 120000
FIRST FIDELITY BANCP COM 320195100 4455 90000 SH DEFINED 011614 90000
FIRST FIDELITY BANCP COM 320195100 198 4005 SH DEFINED 0103 4005
FIRST FINANCIAL MGMT COM 320245103 72250 1000000 SH DEFINED 0126 1000000
FIRST FINANCIAL MGMT COM 320245103 28900 400000 SH DEFINED 0111 400000
FIRST FINANCIAL MGMT COM 320245103 4566 63200 SH DEFINED 011622 63200
FIRST FINANCIAL MGMT COM 320245103 10173 140800 SH DEFINED 011623 140800
FIRST FINANCIAL MGMT COM 320245103 21675 300000 SH DEFINED 011618 300000
FIRST FINANCIAL MGMT COM 320245103 2890 40000 SH DEFINED 011614 40000
FIRST FINANCIAL MGMT COM 320245103 16222 224510 SH DEFINED 0102 47400 177110
FIRST FINANCIAL MGMT COM 320245103 5419 75000 SH DEFINED 0131 75000
FIRST FINANCIAL MGMT COM 320245103 332 4600 SH DEFINED 0103 4600
FIRST FINANCIAL MGMT COM 320245103 1084 15000 SH DEFINED 01 15000
FIRST INDUSTRIAL REL COM 32054K103 5700 300000 SH DEFINED 0113 300000
FIRST INDUSTRIAL REL COM 32054K103 2660 140000 SH DEFINED 011618 140000
FIRST INTERSTATE BAN COM 320548100 295 3739 SH DEFINED 0103 3739
FIRST MISS CORP COM 320891104 26 992 SH DEFINED 0103 992
FIRST UNION CORP COM 337358105 66 1514 SH DEFINED 0102 1514
FIRST UNION CORP COM 337358105 374 8632 SH DEFINED 0103 8632
FIRST USA INC COM 33743H105 17 400 SH DEFINED 0102 400
FIRST USA INC COM 33743H105 6808 162100 SH DEFINED 0131 162100
FIRST USA INC COM 33743H105 344 8200 SH DEFINED 0103 8200
FISERV INC COM 337738108 13250 500000 SH DEFINED 011516 500000
FLAIR CORP COM 33848P101 6570 360000 SH DEFINED 011516 360000
FLAT TOP NATL BK COM 338693104 1 84 SH DEFINED 0102 84
FLEET FINANCIAL GRP COM 338915101 22663 700000 SH DEFINED 0113 700000
FLEET FINANCIAL GRP COM 338915101 12950 400000 SH DEFINED 0131 400000
FLEET FINANCIAL GRP COM 338915101 700 21617 SH DEFINED 0103 21617
FLEETWOOD ENTERPRISE COM 339099103 53 2256 SH DEFINED 0103 2256
FLEMING CO COM 339130106 41 1834 SH DEFINED 0103 1834
FLORIDA PROGRESS COM 341109106 753 25000 SH DEFINED 01 25000
FLUOR CORP COM 343861100 8444 175000 SH DEFINED 0108 175000
<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
FLUOR CORP COM 343861100 12545 260000 SH DEFINED 0126 260000
FLUOR CORP COM 343861100 12063 250000 SH DEFINED 0111 250000
FLUOR CORP COM 343861100 1973 40900 SH DEFINED 0125 40900
FLUOR CORP COM 343861100 2413 50000 SH DEFINED 011622 50000
FLUOR CORP COM 343861100 4825 100000 SH DEFINED 011623 100000
FLUOR CORP COM 343861100 1086 22500 SH DEFINED 0102 22500
FLUOR CORP COM 343861100 1089 22578 SH DEFINED 0103 22578
FLUOR CORP COM 343861100 14 300 SH DEFINED 01 300
FOAMEX COM 344123104 4000 500000 SH DEFINED 0135 500000
FOODMAKER INC WARRANT 344839113 60 5000 SH DEFINED 0104 5000
FOODMAKER INC WARRANT 344839113 84 7000 SH DEFINED 0109 7000
FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2035 20000 SH DEFINED 01 20000
FORD HOLDINGS FRAP I PREFERRED STOCK 345277750 2646 26000 SH DEFINED 01 26000
FORD MOTOR COM 345370100 18900 700000 SH DEFINED 0113 700000
FORD MOTOR COM 345370100 2160 80000 SH DEFINED 011622 80000
FORD MOTOR COM 345370100 4860 180000 SH DEFINED 011623 180000
FORD MOTOR COM 345370100 21045 779073 SH DEFINED 0102 297500 481573
FORD MOTOR COM 345370100 14850 550000 SH DEFINED 0131 550000
FORD MOTOR COM 345370100 2186 80961 SH DEFINED 0103 10900 70061
FORD MOTOR COM 345370100 3254 120500 SH DEFINED 01 120500
FORD MOTOR CO $50 CONV PFD STOCK 345370209 26 300 SH DEFINED 0102 300
FOREST LABS COM 345838106 33338 700000 SH DEFINED 0126 700000
FOREST LABS COM 345838106 2110 44300 SH DEFINED 011622 44300
FOREST LABS COM 345838106 4701 98700 SH DEFINED 011623 98700
FOREST LABS COM 345838106 2381 50000 SH DEFINED 011619 50000
FOREST LABS COM 345838106 953 20000 SH DEFINED 011620 20000
FOREST LABS COM 345838106 15240 320000 SH DEFINED 011614 320000
FOREST LABS COM 345838106 32262 677433 SH DEFINED 0102 677433
FOREST LABS COM 345838106 6544 137400 SH DEFINED 0131 137400
FOREST LABS COM 345838106 1305 27400 SH DEFINED 0103 27400
FORT HOWARD COM 347461105 12625 1000000 SH DEFINED 0124 1000000
FOSTER WHEELER COM 350244109 75 2207 SH DEFINED 0103 2207
FOUNDATION HEALTH CO COM 350401105 13050 400000 SH DEFINED 0106 400000
FOUNDATION HEALTH CO COM 350401105 1794 55000 SH DEFINED 011620 55000
FOUNDATION HEALTH CO COM 350401105 10 300 SH DEFINED 0102 300
FOUNDATION HEALTH CO COM 350401105 4010 122900 SH DEFINED 0131 122900
FOUNDATION HEALTH CO COM 350401105 219 6700 SH DEFINED 0103 6700
FOUNDATION HEALTH CO COM 350401105 3816 116979 SH DEFINED 01 116979
FRAMLINGTON MAGHREB COM 351689997 2370 47400 SH DEFINED 0112 47400
FRAMLINGTON MAGHREB COM 351689997 2500 50000 SH DEFINED 011617 50000
FRANKLIN CUSTODY FD COM 353496607 0 29 SH DEFINED 01 29
FRANKLIN QUEST CO COM 354596108 7875 250000 SH DEFINED 011516 250000
FRANKLIN RESOURCES COM 354613101 412 10600 SH DEFINED 0102 10600
FREDS INC COM 356108100 2779 285000 SH DEFINED 0128 285000
FREEPORT MCMORAN COP COM 35671D105 8996 411250 SH DEFINED 0130 411250
FREEPORT MCMORAN COP COM 35671D105 8750 400000 SH DEFINED 0106 400000
FREEPORT MCMORAN COP COM 35671D105 137 6250 SH DEFINED 0124 6250
FREEPORT MCMORAN COP COM 35671D105 4922 225000 SH DEFINED 0127 225000
FREEPORT MCMORAN COP COM 35671D105 3997 182700 SH DEFINED 01 182700
FREEPORT MCMORAN INC COM 356714105 9063 500000 SH DEFINED 0124 500000
<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
FREEPORT MCMORAN INC COM 356714105 12688 700000 SH DEFINED 011618 700000
FRITZ COM 358846103 6425 100000 SH DEFINED 0135 100000
FULCRUM COM 359613106 6075 300000 SH DEFINED 011516 300000
FUSION SYSTEMS COM 361129109 1463 50000 SH DEFINED 011619 50000
GATX CORP COM 361448103 21238 474600 SH DEFINED 0113 474600
GND HLDGS $100 SER A PREFERRED STOCK 361910XV9 0 46550 SH DEFINED 0109 46550
GNI GROUP COM 362022105 2350 400000 SH DEFINED 0135 400000
GT CHILE GROWTH EURO COM 362300998 3150 100000 SH DEFINED 0135 100000
GTE CORP COM 362320103 3325 100000 SH DEFINED 0132 100000
GTE CORP COM 362320103 7 200 SH DEFINED 0102 200
GTE CORP COM 362320103 1569 47182 SH DEFINED 0103 47182
GTI CORP COM 362360109 5431 550000 SH DEFINED 0106 550000
GTI CORP COM 362360109 672 68000 SH DEFINED 011620 68000
GABLE RESIDENTIAL COM 362418105 2887 155000 SH DEFINED 0107 155000
GANNETT CO INC COM 364730101 26688 500000 SH DEFINED 0113 500000
GANNETT CO INC COM 364730101 17347 325000 SH DEFINED 0131 325000
GANNETT CO INC COM 364730101 1003 18787 SH DEFINED 0103 18787
GAP INC., THE COM 364760108 26625 750000 SH DEFINED 0130 750000
GAP INC., THE COM 364760108 9230 260000 SH DEFINED 0108 260000
GAP INC., THE COM 364760108 13313 375000 SH DEFINED 0106 375000
GAP INC., THE COM 364760108 17750 500000 SH DEFINED 0124 500000
GAP INC., THE COM 364760108 11893 335000 SH DEFINED 011516 335000
GAP INC., THE COM 364760108 2308 65000 SH DEFINED 011620 65000
GAP INC., THE COM 364760108 254 7153 SH DEFINED 0103 7153
GAP INC., THE COM 364760108 1065 30000 SH DEFINED 01 30000
GASONICS INT'L CORP COM 367278108 1114 55000 SH DEFINED 011619 55000
GAYLORD ENTERTAINMEN COM 367901105 7875 300000 SH DEFINED 011516 300000
GAYLORD CONTAIN WTS WARRANT 368145116 10500 1000000 SH DEFINED 0109 1000000
GENENTECH RED COM COM 368710208 8203 175000 SH DEFINED 0108 175000
GENENTECH RED COM COM 368710208 1875 40000 SH DEFINED 011622 40000
GENENTECH RED COM COM 368710208 4219 90000 SH DEFINED 011623 90000
GENENTECH RED COM COM 368710208 11719 250000 SH DEFINED 011516 250000
GENENTECH RED COM COM 368710208 19688 420000 SH DEFINED 011618 420000
GENENTECH RED COM COM 368710208 7031 150000 SH DEFINED 011614 150000
GENENTECH RED COM COM 368710208 46601 994055 SH DEFINED 0102 145050 849005
GENENTECH RED COM COM 368710208 8395 179100 SH DEFINED 0131 179100
GENENTECH RED COM COM 368710208 1700 36250 SH DEFINED 0103 36250
GENERAL DYNAMICS COM 369550108 1166 24800 SH DEFINED 0125 24800
GENERAL DYNAMICS COM 369550108 160 3400 SH DEFINED 0102 3400
GENERAL DYNAMICS COM 369550108 643 13694 SH DEFINED 0103 13694
GENERAL ELECTRIC COM 369604103 28416 525000 SH DEFINED 0130 525000
GENERAL ELECTRIC COM 369604103 94719 1750000 SH DEFINED 0126 1750000
GENERAL ELECTRIC COM 369604103 28416 525000 SH DEFINED 0113 525000
GENERAL ELECTRIC COM 369604103 37888 700000 SH DEFINED 0124 700000
GENERAL ELECTRIC COM 369604103 7751 143200 SH DEFINED 0125 143200
GENERAL ELECTRIC COM 369604103 16238 300000 SH DEFINED 0107 300000
GENERAL ELECTRIC COM 369604103 39241 725000 SH DEFINED 011516 725000
GENERAL ELECTRIC COM 369604103 62244 1150000 SH DEFINED 011618 1150000
GENERAL ELECTRIC COM 369604103 232058 4287510 SH DEFINED 0102 1450100 2837410
GENERAL ELECTRIC COM 369604103 17591 325000 SH DEFINED 0131 325000
<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
GENERAL ELECTRIC COM 369604103 11568 213701 SH DEFINED 0103 55550 158151
GENERAL ELECTRIC COM 369604103 38968 719955 SH DEFINED 01 719955
GENERAL GROWTH COM 370021107 10250 500000 SH DEFINED 0113 500000
GENERAL INSTRUMENT C COM 370121105 13900 400000 SH DEFINED 0126 400000
GENERAL INSTRUMENT C COM 370121105 1738 50000 SH DEFINED 011618 50000
GENERAL INSTRUMENT C COM 370121105 10 300 SH DEFINED 0102 300
GENERAL INSTRUMENT C COM 370121105 4045 116400 SH DEFINED 0131 116400
GENERAL INSTRUMENT C COM 370121105 226 6500 SH DEFINED 0103 6500
GENERAL MILLS COM 370334104 461 7735 SH DEFINED 0103 7735
GENERAL MILLS COM 370334104 894 15000 SH DEFINED 01 15000
GENERAL MOTORS COM 370442105 19913 450000 SH DEFINED 0113 450000
GENERAL MOTORS COM 370442105 15422 348415 SH DEFINED 0102 90750 257665
GENERAL MOTORS COM 370442105 15488 350000 SH DEFINED 0131 350000
GENERAL MOTORS COM 370442105 2469 55809 SH DEFINED 0103 6850 48959
GENERAL MOTORS COM 370442105 2854 64500 SH DEFINED 01 64500
GENERAL MOTORS CL E COM 370442402 389 10000 SH DEFINED 01 10000
GENERAL MOTORS CL H COM 370442501 7425 180000 SH DEFINED 011618 180000
GENERAL MTRS DEP SHR CONV PFD STOCK 370442873 17250 300000 SH DEFINED 0130 300000
GEN PUB UTILITIES COM 370550105 173 5942 SH DEFINED 0103 5942
GENERAL RE CORP COM 370563108 13200 100000 SH DEFINED 0126 100000
GENERAL RE CORP COM 370563108 198 1500 SH DEFINED 0125 1500
GENERAL RE CORP COM 370563108 14023 106211 SH DEFINED 0102 26200 80011
GENERAL RE CORP COM 370563108 787 5963 SH DEFINED 0103 1350 4613
GENERAL SIGNAL COM 370838104 32063 900000 SH DEFINED 0130 900000
GENERAL SIGNAL COM 370838104 12754 358000 SH DEFINED 0113 358000
GENERAL SIGNAL COM 370838104 1336 37500 SH DEFINED 0125 37500
GENERAL SIGNAL COM 370838104 11756 330000 SH DEFINED 0107 330000
GENERAL SIGNAL COM 370838104 23156 650000 SH DEFINED 011516 650000
GENERAL SIGNAL COM 370838104 1817 51000 SH DEFINED 011620 51000
GENERAL SIGNAL COM 370838104 10086 283100 SH DEFINED 0102 283100
GENERAL SIGNAL COM 370838104 15629 438700 SH DEFINED 0131 438700
GENERAL SIGNAL COM 370838104 1272 35712 SH DEFINED 0103 2700 33012
GENERAL SIGNAL COM 370838104 18257 512460 SH DEFINED 01 512460
GTE $50 PFD PREFERRED STOCK 371028911 6161 124087 SH DEFINED 0105 124087
GTE CORP $50 PFD PREFERRED STOCK 371028945 6565 131556 SH DEFINED 0105 131556
GENTEX CORP COM 371901109 4200 200000 SH DEFINED 0111 200000
GENTEX CORP COM 371901109 126 6000 SH DEFINED 0102 6000
GENUINE PARTS COM 372460105 19938 500000 SH DEFINED 0130 500000
GENUINE PARTS COM 372460105 24922 625000 SH DEFINED 0113 625000
GENUINE PARTS COM 372460105 8972 225000 SH DEFINED 0107 225000
GENUINE PARTS COM 372460105 14953 375000 SH DEFINED 0131 375000
GENUINE PARTS COM 372460105 799 20048 SH DEFINED 0103 20048
GENUINE PARTS COM 372460105 2165 54300 SH DEFINED 01 54300
GEORGIA PACIFIC COM 373298108 23925 300000 SH DEFINED 0124 300000
GEORGIA PACIFIC COM 373298108 354 4437 SH DEFINED 0103 4437
GEORGIA PACIFIC COM 373298108 1595 20000 SH DEFINED 01 20000
GEOTEK COMMUNICATION COM 373654102 2475 300000 SH DEFINED 0135 300000
GIANT FOOD CL A COM 374478105 69 2910 SH DEFINED 0103 2910
GIDDINGS & LEWIS WIS COM 375048105 25500 1500000 SH DEFINED 0130 1500000
GIDDINGS & LEWIS WIS COM 375048105 6800 400000 SH DEFINED 0108 400000
<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
GIDDINGS & LEWIS WIS COM 375048105 1700 100000 SH DEFINED 0128 100000
GIDDINGS & LEWIS WIS COM 375048105 13600 800000 SH DEFINED 011516 800000
GIDDINGS & LEWIS WIS COM 375048105 29 1682 SH DEFINED 0103 1682
GILEAD SCIENCES COM 375558103 780 60000 SH DEFINED 011619 60000
GILLETTE CO COM 375766102 81625 1000000 SH DEFINED 0126 1000000
GILLETTE CO COM 375766102 24488 300000 SH DEFINED 0111 300000
GILLETTE CO COM 375766102 4081 50000 SH DEFINED 011622 50000
GILLETTE CO COM 375766102 9224 113000 SH DEFINED 011623 113000
GILLETTE CO COM 375766102 24488 300000 SH DEFINED 011618 300000
GILLETTE CO COM 375766102 34867 427189 SH DEFINED 0102 199400 227789
GILLETTE CO COM 375766102 1355 16605 SH DEFINED 0103 5750 10855
GLAXO PLC ADR COM 37733W105 22875 1000000 SH DEFINED 0130 1000000
GOLD PEAK IND HLDGS COM 380654996 157 432985 SH DEFINED 01 432985
GOLDEN WEST FIN COM 381317106 113 2948 SH DEFINED 0103 2948
GOODRICH B.F. COM 382388106 56 1266 SH DEFINED 0103 1266
GOODYEAR COM 382550101 29400 800000 SH DEFINED 0130 800000
GOODYEAR COM 382550101 10106 275000 SH DEFINED 0108 275000
GOODYEAR COM 382550101 29768 810000 SH DEFINED 011516 810000
GOODYEAR COM 382550101 404 11000 SH DEFINED 011620 11000
GOODYEAR COM 382550101 6346 172605 SH DEFINED 0102 101500 71105
GOODYEAR COM 382550101 273 7423 SH DEFINED 0103 7423
W R GRACE COM 383883105 246 4612 SH DEFINED 0103 4612
GRAINGER (W.W.) COM 384802104 157 2489 SH DEFINED 0103 2489
GRAND MET PLC -ADR COM 386090302 24715 959798 SH DEFINED 0103 945517 14281
GRASIM INDS GDR 144A COM 388706202 4100 200000 SH DEFINED 0124 200000
GREAT A. & P. TEA COM 390064103 42 1875 SH DEFINED 0103 1875
GREAT BAY POWER CORP COM 390139103 538 75552 SH DEFINED 0104 75552
GREAT BAY POWER CORP COM 390139103 538 75552 SH DEFINED 0109 75552
GREAT BAY POWER CORP COM 390139103 215 30222 SH DEFINED 011621 30222
GREAT LAKES CHEM CO COM 390568103 209 3348 SH DEFINED 0103 3348
GREAT WESTERN FIN CP COM 391442100 123 6562 SH DEFINED 0103 6562
GREENFIELDS COM 395058100 4238 150000 SH DEFINED 0106 150000
GREENFIELDS COM 395058100 5650 200000 SH DEFINED 011516 200000
GREENFIELDS COM 395058100 1413 50000 SH DEFINED 011619 50000
GREENFIELDS COM 395058100 2543 90000 SH DEFINED 011620 90000
GRIFFON CORP COM 398433102 3188 375000 SH DEFINED 0128 375000
G-MEXICANA DE B COM 40048G104 186 74200 SH DEFINED 0112 74200
G-MEXICANA DE B COM 40048G104 361 144500 SH DEFINED 011617 144500
G-MEXICANA DE L COM 40048G203 1725 600000 SH DEFINED 0135 600000
G-CASA AUTREY COM 40048P104 11400 800000 SH DEFINED 011516 800000
GRUPO CARSO ADR COM 400485108 2393 275000 SH DEFINED 0130 275000
GRUPO CARSO ADR COM 400485108 4351 500000 SH DEFINED 0135 500000
GRUPO CARSO ADR COM 400485108 5221 600000 SH DEFINED 011618 600000
G-TRIBASA COM 40049F105 3148 547489 SH DEFINED 01 547489
G-TELEVISA COM 40049J206 4988 300000 SH DEFINED 0124 300000
G-TELEVISA COM 40049J206 7066 425000 SH DEFINED 011516 425000
GRUPO SIDEK ADR COM 400490108 2700 800000 SH DEFINED 0124 800000
G-SIMEC COM 400491106 2150 400000 SH DEFINED 0135 400000
GUANGZHOU INVEST CO COM 400655999 73 393980 SH DEFINED 01 393980
GUEST SUPPLY COM 401630108 319 15000 SH DEFINED 011619 15000
<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
GUIDANT CORP COM 401698105 5588 300000 SH DEFINED 011516 300000
GULF SOUTH MEDICAL COM 40252G105 12633 310000 SH DEFINED 011516 310000
GUYANOR RESOURCES B COM 403399991 39 20000 SH DEFINED 0127 20000
GYMBOREE COM 403777105 1015 40000 SH DEFINED 011619 40000
GYMBOREE COM 403777105 4314 170000 SH DEFINED 011614 170000
GYMBOREE COM 403777105 5779 227700 SH DEFINED 0102 227700
GYMBOREE COM 403777105 5456 215000 SH DEFINED 0131 215000
GYMBOREE COM 403777105 330 13000 SH DEFINED 0103 13000
HBO COMPANY COM 404100109 1088 25000 SH DEFINED 0126 25000
HBO COMPANY COM 404100109 23142 532000 SH DEFINED 011614 532000
HBO COMPANY COM 404100109 51316 1179672 SH DEFINED 0102 1179672
HBO COMPANY COM 404100109 10479 240900 SH DEFINED 0131 240900
HBO COMPANY COM 404100109 2188 50300 SH DEFINED 0103 50300
HCC INSURANCE COM 404132102 15180 660000 SH DEFINED 011516 660000
ALEX HAAGAN COM 40443E100 7423 535000 SH DEFINED 0113 535000
ALEX HAAGAN COM 40443E100 2775 200000 SH DEFINED 0132 200000
ALEX HAAGAN COM 40443E100 3122 225000 SH DEFINED 0107 225000
HALLIBURTON COM 406216101 204 5596 SH DEFINED 0103 5596
HANDLEMAN COMPANY COM 410252100 18 1644 SH DEFINED 0103 1644
HANNA MA CO. COM 410522106 10050 400000 SH DEFINED 0108 400000
HANSON PLC ADR COM 411352305 25481 1350000 SH DEFINED 0130 1350000
HANSON PLC ADR COM 411352305 25481 1350000 SH DEFINED 0113 1350000
HANSON PLC ADR COM 411352305 4719 250000 SH DEFINED 0124 250000
HANSON PLC ADR COM 411352305 12835 680000 SH DEFINED 0107 680000
HANSON PLC ADR COM 411352305 17931 950000 SH DEFINED 0131 950000
HANSON PLC ADR COM 411352305 642 34000 SH DEFINED 0103 34000
HANSON PLC ADR COM 411352305 8796 466000 SH DEFINED 01 466000
HARCOURT GENERAL CRP COM 41163G101 11700 300000 SH DEFINED 0108 300000
HARCOURT GENERAL CRP COM 41163G101 101 2600 SH DEFINED 0125 2600
HARCOURT GENERAL CRP COM 41163G101 16 400 SH DEFINED 0102 400
HARCOURT GENERAL CRP COM 41163G101 192 4920 SH DEFINED 0103 4920
HARLAND JOHN H COM 412693103 34 1494 SH DEFINED 0103 1494
HARMAN INTERNATIONAL COM 413086109 12994 350000 SH DEFINED 0111 350000
HARMAN INTERNATIONAL COM 413086109 2317 62400 SH DEFINED 011622 62400
HARMAN INTERNATIONAL COM 413086109 5134 138300 SH DEFINED 011623 138300
HARMAN INTERNATIONAL COM 413086109 1173 31600 SH DEFINED 011619 31600
HARMAN INTERNATIONAL COM 413086109 2343 63100 SH DEFINED 011614 63100
HARMAN INTERNATIONAL COM 413086109 135 3600 SH DEFINED 0102 3600
HARNISCHFEGER IND COM 413345109 63 2254 SH DEFINED 0103 2254
HARRIS CORP COM 413875105 93 1933 SH DEFINED 0103 1933
HARRIS COMPUTER SYS COM 413947102 0 15 SH DEFINED 0102 15
HARTMARX CORP COM 417119104 1398 259958 SH DEFINED 0103 259958
HASBRO INC COM 418056107 5063 150000 SH DEFINED 0128 150000
HASBRO INC COM 418056107 1330 39400 SH DEFINED 0125 39400
HASBRO INC COM 418056107 43067 1276035 SH DEFINED 0102 583450 692585
HASBRO INC COM 418056107 1292 38297 SH DEFINED 0103 17100 21197
HASBRO INC COM 418056107 3034 89880 SH DEFINED 01 89880
HAT BRANDS WTS8/2002 WARRANT 4187309X7 994 90345 SH DEFINED 0109 90345
HAWAII ELEC $100 PREFERRED STOCK 419990197 2094 20000 SH DEFINED 0105 20000
MAUI ELEC $100 PREFERRED STOCK 419990205 2617 25000 SH DEFINED 0105 25000
<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
HAYES WHEELS COM 420804106 6075 300000 SH DEFINED 0124 300000
HEALTHSOUTH CORP COM 421924101 7109 175000 SH DEFINED 0106 175000
HEALTHSOUTH CORP COM 421924101 32500 800000 SH DEFINED 0111 800000
HEALTHSOUTH CORP COM 421924101 4968 122300 SH DEFINED 011622 122300
HEALTHSOUTH CORP COM 421924101 10916 268700 SH DEFINED 011623 268700
HEALTHSOUTH CORP COM 421924101 2031 50000 SH DEFINED 011619 50000
HEALTHSOUTH CORP COM 421924101 2031 50000 SH DEFINED 011620 50000
HEALTHSOUTH CORP COM 421924101 11172 275000 SH DEFINED 011614 275000
HEALTHSOUTH CORP COM 421924101 22726 559400 SH DEFINED 0102 559400
HEALTHSOUTH CORP COM 421924101 7568 186300 SH DEFINED 0131 186300
HEALTHSOUTH CORP COM 421924101 918 22600 SH DEFINED 0103 22600
HEALTH MGMT ASSOC COM 421933102 14438 500000 SH DEFINED 0126 500000
HEALTH MGMT ASSOC COM 421933102 14093 488075 SH DEFINED 0102 488075
HEALTH MGMT ASSOC COM 421933102 351 12150 SH DEFINED 0103 12150
HEALTH MGMT INC COM 42219B104 9375 500000 SH DEFINED 011516 500000
HEALTH MGMT SYSTEMS COM 42219M100 5880 160000 SH DEFINED 011516 160000
HEALTHDYNE INC COM 422203109 923 90000 SH DEFINED 011619 90000
HEALTHSOURCE INC COM 42221E104 2369 50000 SH DEFINED 011619 50000
HEALTHSOURCE INC COM 42221E104 9949 210000 SH DEFINED 011614 210000
HEALTHSOURCE INC COM 42221E104 25223 532400 SH DEFINED 0102 532400
HEALTHSOURCE INC COM 42221E104 8338 176000 SH DEFINED 0131 176000
HEALTHSOURCE INC COM 42221E104 1080 22800 SH DEFINED 0103 22800
HEART TECHNOLOGY COM 42233W100 1500 80000 SH DEFINED 011619 80000
HEART TECHNOLOGY COM 42233W100 6094 325000 SH DEFINED 011614 325000
HEART TECHNOLOGY COM 42233W100 2639 140600 SH DEFINED 0102 140600
HEART TECHNOLOGY COM 42233W100 68 3600 SH DEFINED 0103 3600
HEARTLAND EXPRESS IN COM 422347104 3330 120000 SH DEFINED 011614 120000
HEILIG MEYERS CO COM 422893107 9 400 SH DEFINED 0102 400
HEILIG MEYERS CO COM 422893107 155 7100 SH DEFINED 0103 7100
HEINZ H.J. COM 423074103 19 500 SH DEFINED 0102 500
HEINZ H.J. COM 423074103 466 12095 SH DEFINED 0103 12095
HELMERICH & PAYNE COM 423452101 33 1212 SH DEFINED 0103 1212
HEM EN 144A WTS COM 42368R116 72 36000 SH DEFINED 0109 36000
HERCULES INC COM 427056106 267 5733 SH DEFINED 0103 5733
HERSHEY FOODS COM 427866108 79005 1545309 SH DEFINED 0103 1541054 4255
HEWLETT PACKARD COM 428236103 9630 80000 SH DEFINED 0108 80000
HEWLETT PACKARD COM 428236103 66206 550000 SH DEFINED 0126 550000
HEWLETT PACKARD COM 428236103 337 2800 SH DEFINED 0125 2800
HEWLETT PACKARD COM 428236103 3045 25300 SH DEFINED 011622 25300
HEWLETT PACKARD COM 428236103 6765 56200 SH DEFINED 011623 56200
HEWLETT PACKARD COM 428236103 21668 180000 SH DEFINED 011516 180000
HEWLETT PACKARD COM 428236103 20464 170000 SH DEFINED 011618 170000
HEWLETT PACKARD COM 428236103 1221 10150 SH DEFINED 0102 10150
HEWLETT PACKARD COM 428236103 1645 13669 SH DEFINED 0103 13669
HIGHWOOD PROPERTY COM 431284108 3609 165000 SH DEFINED 0107 165000
HILTON HOTELS COM 432848109 23720 320000 SH DEFINED 0126 320000
HILTON HOTELS COM 432848109 741 10000 SH DEFINED 011620 10000
HILTON HOTELS COM 432848109 18701 252353 SH DEFINED 0102 56550 195803
HILTON HOTELS COM 432848109 446 6008 SH DEFINED 0103 3650 2358
HILTON HOTELS COM 432848109 5782 78000 SH DEFINED 01 78000
<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
HOLLYWOOD ENTERTAINM COM 436141105 1925 55000 SH DEFINED 0106 55000
HOME DEPOT INC COM 437076102 4146 93700 SH DEFINED 0130 93700
HOME DEPOT INC COM 437076102 4425 100000 SH DEFINED 0108 100000
HOME DEPOT INC COM 437076102 48675 1100000 SH DEFINED 0126 1100000
HOME DEPOT INC COM 437076102 26550 600000 SH DEFINED 0111 600000
HOME DEPOT INC COM 437076102 30975 700000 SH DEFINED 0124 700000
HOME DEPOT INC COM 437076102 2713 61300 SH DEFINED 0125 61300
HOME DEPOT INC COM 437076102 6961 157300 SH DEFINED 011622 157300
HOME DEPOT INC COM 437076102 15421 348500 SH DEFINED 011623 348500
HOME DEPOT INC COM 437076102 15488 350000 SH DEFINED 011618 350000
HOME DEPOT INC COM 437076102 114970 2598234 SH DEFINED 0102 910802 1687432
HOME DEPOT INC COM 437076102 10554 238500 SH DEFINED 0131 238500
HOME DEPOT INC COM 437076102 3693 83466 SH DEFINED 0103 34900 48566
HOME DEPOT INC COM 437076102 12278 277466 SH DEFINED 01 277466
HOME PROPERTIES COM 437306103 3859 210000 SH DEFINED 0132 210000
HOME PROPERTIES COM 437306103 2940 160000 SH DEFINED 0107 160000
HOMESTAKE MINING COM 437614100 125 6757 SH DEFINED 0103 6757
HOMESTEAD SAVINGS PREFERRED STOCK 437843204 0 42500 SH DEFINED 0109 42500
HONEYWELL COM 438506107 237 6334 SH DEFINED 0103 6334
HONEYWELL COM 438506107 934 25000 SH DEFINED 01 25000
HONG KONG LAND HLDGS COM 438581209 271 24780 SH DEFINED 01 24780
HORACE MANN EDUCATOR COM 440327104 9058 409400 SH DEFINED 011516 409400
HORIZON HEALTHCARE C COM 44042H100 6688 250000 SH DEFINED 0106 250000
HORIZON HEALTHCARE C COM 44042H100 1739 65000 SH DEFINED 011620 65000
HORMEL COM 440452100 7053 260000 SH DEFINED 0128 260000
HOSP FRANCHISE SYS CONV BOND 440912AB9 1363 1300000 PRN DEFINED 011614 1300000
HOSPITALITY FRANCHIS COM 440912103 27200 850000 SH DEFINED 0126 850000
HOSPITALITY FRANCHIS COM 440912103 1600 50000 SH DEFINED 011619 50000
HOSPITALITY FRANCHIS COM 440912103 6400 200000 SH DEFINED 011614 200000
HOSPITALITY FRANCHIS COM 440912103 15866 495800 SH DEFINED 0102 495800
HOSPITALITY FRANCHIS COM 440912103 1866 58300 SH DEFINED 0131 58300
HOSPITALITY FRANCHIS COM 440912103 438 13700 SH DEFINED 0103 13700
HOSIERY CORP "A"144A COM 441016102 10 10000 SH DEFINED 0109 10000
HOUSEHOLD INTL COM 441815107 29580 680000 SH DEFINED 0126 680000
HOUSEHOLD INTL COM 441815107 1257 28900 SH DEFINED 0125 28900
HOUSEHOLD INTL COM 441815107 1958 45000 SH DEFINED 0107 45000
HOUSEHOLD INTL COM 441815107 56737 1304284 SH DEFINED 0102 422400 881884
HOUSEHOLD INTL COM 441815107 4250 97700 SH DEFINED 0131 97700
HOUSEHOLD INTL COM 441815107 1117 25686 SH DEFINED 0103 7400 18286
HOUSTON INDUSTRIES COM 442161105 246 6440 SH DEFINED 0103 6440
HUANENG POWER INT'L COM 443304100 10319 650000 SH DEFINED 0124 650000
HUMANA COM 444859102 17938 700000 SH DEFINED 011618 700000
HUMANA COM 444859102 1281 50000 SH DEFINED 011619 50000
HUMANA COM 444859102 5766 225000 SH DEFINED 011614 225000
HUMANA COM 444859102 304 11844 SH DEFINED 0102 11844
HUMANA COM 444859102 12515 488400 SH DEFINED 0131 488400
HUMANA COM 444859102 684 26700 SH DEFINED 0103 26700
HUTCHINSON TECH COM 448407106 8550 300000 SH DEFINED 0124 300000
HUTCHNSN WHAMPO ADR COM 448415208 481 21815 SH DEFINED 01 21815
HYLSAMEX 144A COM 448919100 638 69000 SH DEFINED 0124 69000
<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
IBP INC COM 449223106 15846 485700 SH DEFINED 0126 485700
IES INDUSTRIES INC COM 44949M103 4975 200000 SH DEFINED 0132 200000
IES INDUSTRIES INC COM 44949M103 7766 312214 SH DEFINED 0103 312214
IDSTC INCOME FUND II COM 449496108 189171 12793786 SH DEFINED 0103 6588399 6205387
IMC GLOBAL INC COM 449669100 1222 25000 SH DEFINED 011619 25000
IMC GLOBAL INC COM 449669100 4888 100000 SH DEFINED 011614 100000
ISRA COM 450047204 4988 262500 SH DEFINED 0135 262500
I-STAT CORP COM 450312103 4250 170000 SH DEFINED 011614 170000
ITTI TECH COM 450564109 1641 65000 SH DEFINED 011619 65000
ITT CORP COM 450679105 2 15 SH DEFINED 0102 15
ITT CORP COM 450679105 537 5233 SH DEFINED 0103 5233
IFINT DVSD HLDGS COM 45099C100 1909 42418 SH DEFINED 0109 42418
IDEXX LABS INC COM 45168D104 4150 100000 SH DEFINED 011619 100000
IDEXX LABS INC COM 45168D104 17638 425000 SH DEFINED 011614 425000
IDEXX LABS INC COM 45168D104 27458 661600 SH DEFINED 0102 661600
IDEXX LABS INC COM 45168D104 10006 241100 SH DEFINED 0131 241100
IDEXX LABS INC COM 45168D104 1262 30400 SH DEFINED 0103 30400
ILLINOIS PWR SER P PREFERRED STOCK 452092810 3900 38329 SH DEFINED 0105 38329
ILLINOIS PWR SER P PREFERRED STOCK 452092810 1623 15951 SH DEFINED 01 15951
ILLINOIS PWR SER P PREFERRED STOCK 452092810 406 3989 SH DEFINED 0116 3989
ILLINOIS PWR SER B PREFERRED STOCK 452092836 1986 45650 SH DEFINED 0116 45650
ILLINOIS PWR SER B PREFERRED STOCK 452092836 1958 45000 SH DEFINED 0116 45000
IL PWR SER A PREFERRED STOCK 452092851 2058 55250 SH DEFINED 01 55250
ILLINOIS TOOL WORKS COM 452308109 34213 700000 SH DEFINED 0130 700000
ILLINOIS TOOL WORKS COM 452308109 12414 254000 SH DEFINED 0108 254000
ILLINOIS TOOL WORKS COM 452308109 15884 325000 SH DEFINED 011516 325000
ILLINOIS TOOL WORKS COM 452308109 12219 250000 SH DEFINED 011618 250000
ILLINOIS TOOL WORKS COM 452308109 23791 486737 SH DEFINED 0102 163100 323637
ILLINOIS TOOL WORKS COM 452308109 273 5581 SH DEFINED 0103 5581
ILLINOVA CORP COM 452317100 5119 225000 SH DEFINED 0132 225000
INCO LIMITED CONV BOND 453258AK1 5320 4750000 PRN DEFINED 0107 4750000
INCO LIMITED COM 453258402 16725 600000 SH DEFINED 0124 600000
INCO LIMITED COM 453258402 1045 37500 SH DEFINED 011622 37500
INCO LIMITED COM 453258402 2325 83400 SH DEFINED 011623 83400
INCO LIMITED COM 453258402 3903 140000 SH DEFINED 011618 140000
INCO LIMITED COM 453258402 1115 40000 SH DEFINED 011619 40000
INCO LIMITED COM 453258402 19730 707784 SH DEFINED 0102 208600 499184
INCO LIMITED COM 453258402 14634 525000 SH DEFINED 0131 525000
INCO LIMITED COM 453258402 1028 36824 SH DEFINED 0103 12100 24724
INCO LIMITED COM 453258402 5296 190000 SH DEFINED 01 190000
INDIA CEMENT ADR 144 COM 45408P107 4750 500000 SH DEFINED 0124 500000
INDIA PETRO GDS COM 454347105 1475 100000 SH DEFINED 0124 100000
NATUZZI COM 456478106 7375 200000 SH DEFINED 0135 200000
NATUZZI COM 456478106 1844 50000 SH DEFINED 011619 50000
NATUZZI COM 456478106 15 400 SH DEFINED 0102 400
NATUZZI COM 456478106 2216 60100 SH DEFINED 0131 60100
NATUZZI COM 456478106 232 6300 SH DEFINED 0103 6300
INFINITY BROADCASTNG COM 456626100 5428 130000 SH DEFINED 011614 130000
INFINITY BROADCASTNG COM 456626100 19922 477175 SH DEFINED 0102 477175
INFINITY BROADCASTNG COM 456626100 540 12925 SH DEFINED 0103 12925
<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
INFORMIX CORP COM 456779107 5156 150000 SH DEFINED 0106 150000
INFORMIX CORP COM 456779107 8594 250000 SH DEFINED 011614 250000
INFORMIX CORP COM 456779107 8288 241100 SH DEFINED 0102 241100
INFORMIX CORP COM 456779107 3754 109200 SH DEFINED 0131 109200
INFORMIX CORP COM 456779107 406 11800 SH DEFINED 0103 11800
INGERSOLL-RAND CO COM 456866102 170 5174 SH DEFINED 0103 5174
INFORMATION RESOURCE COM 456905108 8269 675000 SH DEFINED 011516 675000
INLAND STEEL IND INC COM 457472108 60 2181 SH DEFINED 0103 2181
INPUT/OUTPUT INC COM 457652105 4616 175000 SH DEFINED 0106 175000
INPUT/OUTPUT INC COM 457652105 2374 90000 SH DEFINED 011620 90000
INPUT/OUTPUT INC COM 457652105 4088 155000 SH DEFINED 01 155000
INSURANCE AUTO AUCTS COM 457875102 6038 175000 SH DEFINED 011516 175000
INTEGRATED DEV TECH COM 458118106 2960 80000 SH DEFINED 011619 80000
INTEGRATED DEV TECH COM 458118106 8510 230000 SH DEFINED 011614 230000
INTEGRATED DEV TECH COM 458118106 10594 286300 SH DEFINED 0102 286300
INTEGRATED DEV TECH COM 458118106 5424 146600 SH DEFINED 0131 146600
INTEGRATED DEV TECH COM 458118106 507 13700 SH DEFINED 0103 13700
INTEGRATED HEALTH S COM 45812C106 8041 212300 SH DEFINED 0102 212300
INTEGRATED HEALTH S COM 45812C106 148 3900 SH DEFINED 0103 3900
INTEL COM 458140100 14853 175000 SH DEFINED 0130 175000
INTEL COM 458140100 10609 125000 SH DEFINED 0108 125000
INTEL COM 458140100 144288 1700000 SH DEFINED 0126 1700000
INTEL COM 458140100 8488 100000 SH DEFINED 0111 100000
INTEL COM 458140100 25463 300000 SH DEFINED 0124 300000
INTEL COM 458140100 6501 76600 SH DEFINED 011622 76600
INTEL COM 458140100 14403 169700 SH DEFINED 011623 169700
INTEL COM 458140100 33950 400000 SH DEFINED 011618 400000
INTEL COM 458140100 1273 15000 SH DEFINED 011620 15000
INTEL COM 458140100 15278 180000 SH DEFINED 011614 180000
INTEL COM 458140100 210262 2477366 SH DEFINED 0102 846200 1631166
INTEL COM 458140100 16398 193200 SH DEFINED 0131 193200
INTEL COM 458140100 5409 63724 SH DEFINED 0103 43400 20324
INTEL COM 458140100 14004 165000 SH DEFINED 01 165000
INTER-REGL FINL GRP COM 458351103 1617 65000 SH DEFINED 0128 65000
INTERIM COM 45868P100 9669 325000 SH DEFINED 011516 325000
INTERGRAPH CORP COM 458683109 1188 100000 SH DEFINED 011619 100000
INTERGRAPH CORP COM 458683109 26 2190 SH DEFINED 0103 2190
INTERMAGNETICS GEN CONV BOND 458771AB8 1760 2000000 PRN DEFINED 0107 2000000
INTL BUSINESS MACH COM 459200101 49125 600000 SH DEFINED 0126 600000
INTL BUSINESS MACH COM 459200101 20469 250000 SH DEFINED 0113 250000
INTL BUSINESS MACH COM 459200101 8188 100000 SH DEFINED 011618 100000
INTL BUSINESS MACH COM 459200101 10234 125000 SH DEFINED 0131 125000
INTL BUSINESS MACH COM 459200101 2767 33798 SH DEFINED 0103 33798
INTL FAMILY ENTER COM 45950M106 3026 196800 SH DEFINED 0111 196800
INTL FLAVORS & FRAG COM 459506101 5163 100000 SH DEFINED 0126 100000
INTL FLAVORS & FRAG COM 459506101 149 2880 SH DEFINED 0102 2880
INTL FLAVORS & FRAG COM 459506101 282 5465 SH DEFINED 0103 5465
INTL GAME TECHNOLOGY COM 459902102 10800 800000 SH DEFINED 0124 800000
INTL GAME TECHNOLOGY COM 459902102 9450 700000 SH DEFINED 011516 700000
INTL GAME TECHNOLOGY COM 459902102 237 17518 SH DEFINED 0102 17518
<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
INTERNATIONAL PAPER COM 460146103 1758 23400 SH DEFINED 0125 23400
INTERNATIONAL PAPER COM 460146103 56049 745942 SH DEFINED 0102 310750 435192
INTERNATIONAL PAPER COM 460146103 2114 28134 SH DEFINED 0103 11900 16234
INTERNATIONAL PAPER COM 460146103 4883 65000 SH DEFINED 01 65000
INTERPORE INTER COM 46062W107 456 62900 SH DEFINED 011619 62900
INTERPORE INTER COM 46062W107 1146 158100 SH DEFINED 011614 158100
INTERPUBLIC GROUP COM 460690100 141 3774 SH DEFINED 0103 3774
INTERVOICE INC COM 461142101 4000 250000 SH DEFINED 0106 250000
INTERVOICE INC COM 461142101 1120 70000 SH DEFINED 011620 70000
INTUIT COM 461202103 6084 78000 SH DEFINED 011614 78000
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 7748 73300 SH DEFINED 0105 73300
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 3700 35000 SH DEFINED 01 35000
IOWA ILLINOIS EL$100 PREFERRED STOCK 462470808 3858 36500 SH DEFINED 0116 36500
IVAX COM 465823102 6250 250000 SH DEFINED 011516 250000
JDN REALTY CORP COM 465917102 1022 53100 SH DEFINED 0132 53100
JCT LTD INDIA GDR COM 466125101 3410 220000 SH DEFINED 0124 220000
JK CORP GDR 144A COM 466188109 4056 737500 SH DEFINED 0124 737500
JK CORP GDR 144A COM 466188109 0 1 SH DEFINED 01 1
JWP INC COM 466265105 0 1159292 SH DEFINED 0103 147103 1012189
JACOR COMMUNICATIONS COM 469858401 7108 526500 SH DEFINED 011516 526500
JAMES RIVER COM 470349101 104 4006 SH DEFINED 0103 4006
JAN BELL WARRANTS WARRANT 470760117 0 2689 SH DEFINED 0126 2689
JAN BELL WARRANTS WARRANT 470760117 0 2473 SH DEFINED 0131 2473
JARDINE MATHESON ORD COM 471115105 1800 200000 SH DEFINED 0124 200000
JEFFERSON PILOT COM 475070108 171 2900 SH DEFINED 0125 2900
JEFFERSON PILOT COM 475070108 24 400 SH DEFINED 0102 400
JEFFERSON PILOT COM 475070108 217 3676 SH DEFINED 0103 3676
JEFFERSON SMURFIT COM 475087102 10804 670000 SH DEFINED 0124 670000
JOHN NUVEEN COM 478035108 1655 69697 SH DEFINED 0103 69697
JOHNSON & JOHNSON COM 478160104 23800 400000 SH DEFINED 0130 400000
JOHNSON & JOHNSON COM 478160104 57120 960000 SH DEFINED 0126 960000
JOHNSON & JOHNSON COM 478160104 11900 200000 SH DEFINED 0111 200000
JOHNSON & JOHNSON COM 478160104 17850 300000 SH DEFINED 0124 300000
JOHNSON & JOHNSON COM 478160104 3017 50700 SH DEFINED 0125 50700
JOHNSON & JOHNSON COM 478160104 5950 100000 SH DEFINED 011618 100000
JOHNSON & JOHNSON COM 478160104 726 12200 SH DEFINED 011620 12200
JOHNSON & JOHNSON COM 478160104 63140 1061175 SH DEFINED 0102 280100 781075
JOHNSON & JOHNSON COM 478160104 14875 250000 SH DEFINED 0131 250000
JOHNSON & JOHNSON COM 478160104 4592 77168 SH DEFINED 0103 15850 61318
JOHNSON & JOHNSON COM 478160104 9324 156700 SH DEFINED 01 23700 133000
JOHNSON CONTROLS COM 478366107 101 1994 SH DEFINED 0103 1994
JONES APPAREL GROUP COM 480074103 675 25000 SH DEFINED 0108 25000
JOSTENS A. INC. COM 481088102 44 2231 SH DEFINED 0103 2231
KLA INSTRUMENTS COM 482480100 3163 50000 SH DEFINED 011614 50000
KLM ROYAL DUTCH AIR COM 482516101 8925 300000 SH DEFINED 0111 300000
KLM ROYAL DUTCH AIR COM 482516101 90 3000 SH DEFINED 0102 3000
K-MART CORPORATION COM 482584109 17188 1250000 SH DEFINED 0113 1250000
K-MART CORPORATION COM 482584109 13750 1000000 SH DEFINED 011516 1000000
K-MART CORPORATION COM 482584109 307 22358 SH DEFINED 0103 22358
KN ENERGY COM 482620101 5400 225000 SH DEFINED 0132 225000
<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
KAISER ALUM PRC 7.25 CONV PFD STOCK 483007209 2228 270000 SH DEFINED 011618 270000
KAISER ALUM PRIDE PREFERRED STOCK 483007407 2888 275000 SH DEFINED 0132 275000
KAISER ALUM PRIDE PREFERRED STOCK 483007407 4778 455000 SH DEFINED 0107 455000
KANSAS CITY SO IND COM 485170104 4083 100500 SH DEFINED 0128 100500
KASH & KARRY FOOD COM 48577P106 1907 100380 SH DEFINED 0104 100380
KASH & KARRY FOOD COM 48577P106 10490 552090 SH DEFINED 0109 552090
KASH & KARRY C COM 485773980 16 3250 SH DEFINED 0109 3250
KASH & KARRY B COM 485773998 5 1625 SH DEFINED 0109 1625
KAUFMAN & BROAD HOME COM 486168107 19 1587 SH DEFINED 0103 1587
KAYDON CORP COM 486587108 4879 185000 SH DEFINED 0128 185000
KELLOGG CO. COM 487836108 12843 220000 SH DEFINED 011516 220000
KELLOGG CO. COM 487836108 637 10904 SH DEFINED 0103 10904
KELLOGG CO. COM 487836108 2627 45000 SH DEFINED 01 45000
KEMIRA ADR COM 488365107 6654 450000 SH DEFINED 0124 450000
KENETECH COM 488878109 5759 475000 SH DEFINED 0106 475000
KENETECH COM 488878109 3450 284551 SH DEFINED 01 284551
KENETECH PRIDE 20.25 CONV PFD STOCK 488878307 11158 783000 SH DEFINED 0130 783000
KENETECH PRIDE 20.25 CONV PFD STOCK 488878307 2814 197500 SH DEFINED 0132 197500
KENETECH PRIDE 20.25 CONV PFD STOCK 488878307 2772 194500 SH DEFINED 0107 194500
KENETECH PRIDE 20.25 CONV PFD STOCK 488878307 1568 110000 SH DEFINED 011620 110000
KENETECH PRIDE 20.25 CONV PFD STOCK 488878307 1457 102255 SH DEFINED 01 102255
KERR MCGEE COM 492386107 129 2535 SH DEFINED 0103 2535
KEYCORP NEW COM 493267108 337 11945 SH DEFINED 0103 11945
KIMBERLY CLARK COM 494368103 29900 575000 SH DEFINED 0130 575000
KIMBERLY CLARK COM 494368103 11960 230000 SH DEFINED 0107 230000
KIMBERLY CLARK COM 494368103 20280 390000 SH DEFINED 011516 390000
KIMBERLY CLARK COM 494368103 1300 25000 SH DEFINED 011620 25000
KIMBERLY CLARK COM 494368103 15600 300000 SH DEFINED 0131 300000
KIMBERLY CLARK COM 494368103 824 15854 SH DEFINED 0103 15854
KIMBERLY CLARK COM 494368103 6986 134340 SH DEFINED 01 134340
KINGWORLD PRODUCTION COM 495667107 13781 350000 SH DEFINED 0124 350000
KINGWORLD PRODUCTION COM 495667107 71 1813 SH DEFINED 0103 1813
KLOOF GOLD MININGADR COM 498746601 581 50000 SH DEFINED 0127 50000
KNIGHT-RIDDER INC. COM 499040103 7063 125000 SH DEFINED 0113 125000
KNIGHT-RIDDER INC. COM 499040103 7063 125000 SH DEFINED 0107 125000
KNIGHT-RIDDER INC. COM 499040103 148 2620 SH DEFINED 0103 2620
KOMAG COM 500453105 1260 40000 SH DEFINED 011619 40000
KOMAG COM 500453105 5040 160000 SH DEFINED 011614 160000
KEPCO COM 500631106 3506 170000 SH DEFINED 0132 170000
KRANZCO REALTY COM 50076E103 3994 225000 SH DEFINED 0113 225000
KRANZCO REALTY COM 50076E103 3284 185000 SH DEFINED 0107 185000
KRANZCO REALTY COM 50076E103 1722 97000 SH DEFINED 01 97000
KROGER CO. COM 501044101 151 5728 SH DEFINED 0103 5728
KYOCERA CORP ADR COM 501556203 35 240 SH DEFINED 01 240
LDDS COMMUNICATIONS COM 50182L108 1169 50000 SH DEFINED 011619 50000
LDDS COMMUNICATIONS COM 50182L108 888 38000 SH DEFINED 011620 38000
LG AND E ENERGY CORP COM 501917108 6188 165000 SH DEFINED 0132 165000
LTV CORP NEW COM 501921100 7625 500000 SH DEFINED 0124 500000
LTV CORP NEW COM 501921100 17044 1117640 SH DEFINED 0102 367600 750040
LTV CORP NEW COM 501921100 5338 350000 SH DEFINED 01 350000
<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 3325 100000 SH DEFINED 0124 100000
LSI LOGIC COM 502161102 15750 300000 SH DEFINED 0126 300000
LSI LOGIC COM 502161102 32 600 SH DEFINED 0102 600
LSI LOGIC COM 502161102 9744 185600 SH DEFINED 0131 185600
LSI LOGIC COM 502161102 635 12100 SH DEFINED 0103 12100
LTC PROPERTIES COM 502175102 5300 400000 SH DEFINED 0113 400000
LTC PROPERTIES COM 502175102 3975 300000 SH DEFINED 0132 300000
LTC PROPERTIES COM 502175102 3975 300000 SH DEFINED 0107 300000
LVMH MOET HENNESSEY COM 502441207 561 14285 SH DEFINED 01 14285
LAIDLAW INC COM 50730K206 111 12734 SH DEFINED 0103 12734
LAM RESEARCH CORP COM 512807108 6713 150000 SH DEFINED 0106 150000
LAM RESEARCH CORP COM 512807108 1566 35000 SH DEFINED 011619 35000
LAM RESEARCH CORP COM 512807108 8950 200000 SH DEFINED 011614 200000
LAM RESEARCH CORP COM 512807108 7156 159900 SH DEFINED 0102 159900
LAM RESEARCH CORP COM 512807108 190 4250 SH DEFINED 0103 4250
LANCASTER COLONY COR COM 513847103 4793 135000 SH DEFINED 0128 135000
LANDMARK GRAPHICS CO COM 514913102 4688 250000 SH DEFINED 0106 250000
LARSEN TOUBRO 144 COM 51729V104 3525 200000 SH DEFINED 0124 200000
LARSEN TOUBRO 144 COM 51729V104 0 1 SH DEFINED 01 1
LASALLE NATL $50 PREFERRED STOCK 5180283*4 8156 150000 SH DEFINED 01 150000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 3263 60000 SH DEFINED 0116 60000
LASALLE NATL $50 PREFERRED STOCK 5180283*4 2175 40000 SH DEFINED 0116 40000
LATTICE SEMICONDUCTR COM 518415104 2211 90000 SH DEFINED 011614 90000
LAYNE INCORPORATED COM 521050104 18 2423 SH DEFINED 0103 2423
LEHMAN BROS HOLDINGS COM 524908100 677 37589 SH DEFINED 01 37589
LENNAR CORP COM 526057104 8063 500000 SH DEFINED 0108 500000
ELI LILLY COM 532457108 14625 200000 SH DEFINED 0124 200000
ELI LILLY COM 532457108 11700 160000 SH DEFINED 0107 160000
ELI LILLY COM 532457108 7898 108000 SH DEFINED 011516 108000
ELI LILLY COM 532457108 12455 170320 SH DEFINED 0102 55200 115120
ELI LILLY COM 532457108 2313 31631 SH DEFINED 0103 17300 14331
ELI LILLY COM 532457108 2194 30000 SH DEFINED 01 30000
THE LIMITED INC COM 532716107 16188 700000 SH DEFINED 0124 700000
THE LIMITED INC COM 532716107 406 17565 SH DEFINED 0103 17565
LIN BROADCASTING COM 532763109 29220 240000 SH DEFINED 011618 240000
LIN BROADCASTING COM 532763109 365 3000 SH DEFINED 011620 3000
LIN BROADCASTING COM 532763109 49 400 SH DEFINED 0102 400
LIN BROADCASTING COM 532763109 1059 8700 SH DEFINED 0103 8700
LIN TELEVISION CORP COM 532776101 8 250 SH DEFINED 0102 250
LIN TELEVISION CORP COM 532776101 141 4250 SH DEFINED 0103 4250
LINCARE HOLDINGS INC COM 532791100 1185 40000 SH DEFINED 011619 40000
LINCOLN NAT COM 534187109 16724 415500 SH DEFINED 0130 415500
LINCOLN NAT COM 534187109 11874 295000 SH DEFINED 0107 295000
LINCOLN NAT COM 534187109 187 4658 SH DEFINED 0103 4658
LINEAR TECHNOLOGY COM 535678106 25200 450000 SH DEFINED 0126 450000
LINEAR TECHNOLOGY COM 535678106 1120 20000 SH DEFINED 011619 20000
LINEAR TECHNOLOGY COM 535678106 10640 190000 SH DEFINED 011614 190000
LINEAR TECHNOLOGY COM 535678106 18455 329550 SH DEFINED 0102 329550
LINEAR TECHNOLOGY COM 535678106 9240 165000 SH DEFINED 0131 165000
LINEAR TECHNOLOGY COM 535678106 437 7800 SH DEFINED 0103 7800
<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
LIPOSOME COMPANY INC COM 536310105 707 65000 SH DEFINED 011619 65000
LIZ CLAIBORNE COM 539320101 4626 260601 SH DEFINED 0103 256778 3823
LOCKHEED MARTIN CORP COM 539830109 2141 40500 SH DEFINED 0125 40500
LOCKHEED MARTIN CORP COM 539830109 608 11500 SH DEFINED 011620 11500
LOCKHEED MARTIN CORP COM 539830109 254 4800 SH DEFINED 0102 4800
LOCKHEED MARTIN CORP COM 539830109 1307 24713 SH DEFINED 0103 24713
LOCKHEED MARTIN CORP COM 539830109 2115 40000 SH DEFINED 01 40000
LOEWEN GROUP COM 54042L100 8175 300000 SH DEFINED 011516 300000
LOEWEN GROUP COM 54042L100 8 300 SH DEFINED 0102 300
LONE STAR STEAK HS COM 542307103 548 20203 SH DEFINED 0102 20203
LONG ISLAND LIGHTING PREFERRED STOCK 5426719A2 613 6132 SH DEFINED 0105 6132
LONGS DRUG STORES COM 543162101 34 1013 SH DEFINED 0103 1013
LONGVIEW FIBRE WASH COM 543213102 4080 240000 SH DEFINED 0128 240000
LORAL COM 543859102 9350 220000 SH DEFINED 011618 220000
LORAL COM 543859102 175 4124 SH DEFINED 0103 4124
LOTUS DEV CORP COM 545700106 7613 198960 SH DEFINED 0102 37400 161560
LOTUS DEV CORP COM 545700106 90 2342 SH DEFINED 0103 2342
LOUISIANA LAND/EXP COM 546268103 471 12600 SH DEFINED 0125 12600
LOUISIANA LAND/EXP COM 546268103 64 1700 SH DEFINED 0102 1700
LOUISIANA LAND/EXP COM 546268103 263 7037 SH DEFINED 0103 7037
LOUISIANA PAC. COM 546347105 152 5503 SH DEFINED 0103 5503
LOWE'S CO'S COM 548661107 269 7806 SH DEFINED 0103 7806
LUBRIZOL CORP COM 549271104 26438 750000 SH DEFINED 0113 750000
LUBRIZOL CORP COM 549271104 881 25000 SH DEFINED 011620 25000
LUBRIZOL CORP COM 549271104 15863 450000 SH DEFINED 0131 450000
LUBRIZOL CORP COM 549271104 564 16000 SH DEFINED 0103 16000
LUBY'S CAFETERIES COM 549282101 27 1248 SH DEFINED 0103 1248
LUKENS INC COM 549866101 24400 800000 SH DEFINED 0130 800000
LUND INTL HLDGS INC COM 550368104 1275 60000 SH DEFINED 011619 60000
LYONDELL PETROCHEM COM 552078107 7275 300000 SH DEFINED 0131 300000
LYONDELL PETROCHEM COM 552078107 194 8000 SH DEFINED 0103 8000
MA/COM COM 552618100 13 1268 SH DEFINED 0103 1268
MBNA COM 55262L100 58000 2000000 SH DEFINED 0126 2000000
MBNA COM 55262L100 1740 60000 SH DEFINED 011622 60000
MBNA COM 55262L100 3480 120000 SH DEFINED 011623 120000
MBNA COM 55262L100 704 24276 SH DEFINED 0102 24276
MBNA COM 55262L100 4185 144300 SH DEFINED 0131 144300
MBNA COM 55262L100 584 20132 SH DEFINED 0103 11250 8882
MCI COMMUNICATIONS COM 552673105 7219 350000 SH DEFINED 0132 350000
MCI COMMUNICATIONS COM 552673105 16500 800000 SH DEFINED 0124 800000
MCI COMMUNICATIONS COM 552673105 2046 99200 SH DEFINED 0125 99200
MCI COMMUNICATIONS COM 552673105 20625 1000000 SH DEFINED 011618 1000000
MCI COMMUNICATIONS COM 552673105 44130 2139576 SH DEFINED 0102 397900 1741676
MCI COMMUNICATIONS COM 552673105 2617 126929 SH DEFINED 0103 50900 76029
MCI COMMUNICATIONS COM 552673105 3239 156989 SH DEFINED 01 156989
MFS COMM COM 55272T101 5250 150000 SH DEFINED 0111 150000
MFS COMM COM 55272T101 7000 200000 SH DEFINED 0132 200000
MFS COMM COM 55272T101 1400 40000 SH DEFINED 011622 40000
MFS COMM COM 55272T101 2800 80000 SH DEFINED 011623 80000
MFS COMM COM 55272T101 10500 300000 SH DEFINED 011516 300000
<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
MFS COMM COM 55272T101 1575 45000 SH DEFINED 011619 45000
MFS COMM COM 55272T101 116 3300 SH DEFINED 0102 3300
MFS COMM COM 55272T101 3528 100800 SH DEFINED 0131 100800
MFS COMM COM 55272T101 179 5100 SH DEFINED 0103 5100
MFS COMM COM 55272T101 2785 79578 SH DEFINED 01 79578
MGIC INVESTMENT CORP COM 552848103 35656 875000 SH DEFINED 011516 875000
MACFRUGALS BARGAINS COM 554152108 3364 234000 SH DEFINED 0128 234000
MADECO COM 556304103 4113 175000 SH DEFINED 0130 175000
MADECO COM 556304103 6463 275000 SH DEFINED 0135 275000
MADERAS Y SINTETICOS COM 556465102 280 16495 SH DEFINED 01 16495
MAGNA INTL COM 559222401 2299 60300 SH DEFINED 011622 60300
MAGNA INTL COM 559222401 5105 133900 SH DEFINED 011623 133900
MALAN REALTY INV CVT CONV BOND 561063AA6 3960 4500000 PRN DEFINED 0104 4500000
MALAN REALTY INV CVT CONV BOND 561063AA6 2420 2750000 PRN DEFINED 0109 2750000
MALAN REALTY INV CVT CONV BOND 561063AA6 2420 2750000 PRN DEFINED 011621 2750000
MALAN REALTY COM 561063108 2428 175000 SH DEFINED 0132 175000
MALAN REALTY COM 561063108 2844 205000 SH DEFINED 0107 205000
MALLINCKRODT GROUP COM 561226101 127 3760 SH DEFINED 0103 3760
MANOR CARE INC COM 564054104 1215 40000 SH DEFINED 011619 40000
MANOR CARE INC COM 564054104 93 3058 SH DEFINED 0103 3058
MANPOWER INC-WIS COM 56418H100 48188 1500000 SH DEFINED 0126 1500000
MANPOWER INC-WIS COM 56418H100 6425 200000 SH DEFINED 0111 200000
MANPOWER INC-WIS COM 56418H100 2201 68500 SH DEFINED 011622 68500
MANPOWER INC-WIS COM 56418H100 4848 150900 SH DEFINED 011623 150900
MANPOWER INC-WIS COM 56418H100 1606 50000 SH DEFINED 011618 50000
MANPOWER INC-WIS COM 56418H100 1767 55000 SH DEFINED 011619 55000
MANPOWER INC-WIS COM 56418H100 7068 220000 SH DEFINED 011614 220000
MANUF HOME COM 564682102 3844 250000 SH DEFINED 0132 250000
MANUF HOME COM 564682102 4074 265000 SH DEFINED 0107 265000
MANUF HOME COM 564682102 4862 316220 SH DEFINED 01 316220
MARSH MCLENNAN CO COM 571748102 10676 130000 SH DEFINED 0107 130000
MARSH MCLENNAN CO COM 571748102 297 3616 SH DEFINED 0103 3616
MARRIOTT INTERNATION COM 571900109 20850 600000 SH DEFINED 0126 600000
MARRIOTT INTERNATION COM 571900109 6950 200000 SH DEFINED 0111 200000
MARRIOTT INTERNATION COM 571900109 211 6086 SH DEFINED 0103 6086
MARTIN MARIETTA COM 573284106 8181 425000 SH DEFINED 0108 425000
MARTIN MARIETTA COM 573284106 5211 270700 SH DEFINED 0128 270700
MARTIN MARIETTA COM 573284106 3369 175000 SH DEFINED 0124 175000
MARTIN MARIETTA COM 573284106 7700 400000 SH DEFINED 011516 400000
MARVEL ENTERTAINMENT COM 573913100 10350 600000 SH DEFINED 011516 600000
MARYLAND CABLE COM 574035200 4 378000 SH DEFINED 0109 378000
MASCO CORP COM 574599106 27625 1000000 SH DEFINED 0113 1000000
MASCO CORP COM 574599106 27625 1000000 SH DEFINED 0124 1000000
MASCO CORP COM 574599106 15194 550000 SH DEFINED 0131 550000
MASCO CORP COM 574599106 852 30848 SH DEFINED 0103 30848
MASCOTECH INC CONV BOND 574670AB1 4469 6500000 PRN DEFINED 0104 6500000
MASCOTECH INC CONV BOND 574670AB1 2406 3500000 PRN DEFINED 011621 3500000
MATTEL INC. COM 577081102 697 28328 SH DEFINED 0102 28328
MATTEL INC. COM 577081102 269 10942 SH DEFINED 0103 10942
MAXIM INTEGRATED COM 57772K101 3103 85000 SH DEFINED 0126 85000
<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
MAXIM INTEGRATED COM 57772K101 21900 600000 SH DEFINED 0111 600000
MAXIM INTEGRATED COM 57772K101 1460 40000 SH DEFINED 011619 40000
MAXIM INTEGRATED COM 57772K101 5840 160000 SH DEFINED 011614 160000
MAXIM INTEGRATED COM 57772K101 11185 306400 SH DEFINED 0102 306400
MAXIM INTEGRATED COM 57772K101 241 6600 SH DEFINED 0103 6600
MAXUS ENERGY CORP COM 577730104 36 6609 SH DEFINED 0103 6609
MAY DEPT STORES COM 577778103 24050 650000 SH DEFINED 0113 650000
MAY DEPT STORES COM 577778103 17575 475000 SH DEFINED 0131 475000
MAY DEPT STORES COM 577778103 1080 29181 SH DEFINED 0103 29181
MAYFLOWER GROUP INC COM 578349102 67 6734 SH DEFINED 0103 6734
MAYTAG CO COM 578592107 22263 1300000 SH DEFINED 0113 1300000
MAYTAG CO COM 578592107 8294 484355 SH DEFINED 0102 148700 335655
MAYTAG CO COM 578592107 11988 700000 SH DEFINED 0131 700000
MAYTAG CO COM 578592107 975 56963 SH DEFINED 0103 24700 32263
MCDERMOTT INTL COM 580037109 72 2638 SH DEFINED 0103 2638
MCDONALDS COM 580135101 81900 2400000 SH DEFINED 0126 2400000
MCDONALDS COM 580135101 3283 96200 SH DEFINED 0125 96200
MCDONALDS COM 580135101 2884 84500 SH DEFINED 011622 84500
MCDONALDS COM 580135101 6398 187500 SH DEFINED 011623 187500
MCDONALDS COM 580135101 27300 800000 SH DEFINED 011516 800000
MCDONALDS COM 580135101 13650 400000 SH DEFINED 011618 400000
MCDONALDS COM 580135101 44545 1305385 SH DEFINED 0102 317200 988185
MCDONALDS COM 580135101 3740 109609 SH DEFINED 0103 33950 75659
MCDONNELL DOUGLASS COM 580169100 325 5821 SH DEFINED 0103 5821
MC GRAW-HILL COM 580645109 19373 270000 SH DEFINED 0130 270000
MC GRAW-HILL COM 580645109 8969 125000 SH DEFINED 0108 125000
MC GRAW-HILL COM 580645109 11480 160000 SH DEFINED 0107 160000
MC GRAW-HILL COM 580645109 16144 225000 SH DEFINED 0131 225000
MC GRAW-HILL COM 580645109 720 10036 SH DEFINED 0103 10036
MEAD CORP COM 582834107 156 2918 SH DEFINED 0103 2918
MEDAPHIS CORP COM 584028104 2520 40000 SH DEFINED 011619 40000
MEDAPHIS CORP COM 584028104 6930 110000 SH DEFINED 011614 110000
MEDAPHIS CORP COM 584028104 505 7996 SH DEFINED 0102 7996
MEDAR INC. COM 584029102 911 90000 SH DEFINED 011619 90000
MEDAR INC. COM 584029102 2025 200000 SH DEFINED 011614 200000
MEDICAL CARE INTL CONV BOND 584505AC5 5785 6500000 PRN DEFINED 0124 6500000
MEDPARTNERS COM 584962104 128 5800 SH DEFINED 0111 5800
MEDPARTNERS COM 584962104 29 1300 SH DEFINED 011622 1300
MEDPARTNERS COM 584962104 62 2800 SH DEFINED 011623 2800
MEDITRUST COM 58501T108 11900 400000 SH DEFINED 0113 400000
MEDITRUST COM 58501T108 3570 120000 SH DEFINED 0132 120000
MEDTRONIC COM 585055106 69375 1000000 SH DEFINED 0126 1000000
MEDTRONIC COM 585055106 17344 250000 SH DEFINED 0111 250000
MEDTRONIC COM 585055106 27750 400000 SH DEFINED 0124 400000
MEDTRONIC COM 585055106 1665 24000 SH DEFINED 0125 24000
MEDTRONIC COM 585055106 6244 90000 SH DEFINED 011622 90000
MEDTRONIC COM 585055106 13875 200000 SH DEFINED 011623 200000
MEDTRONIC COM 585055106 19078 275000 SH DEFINED 011516 275000
MEDTRONIC COM 585055106 2081 30000 SH DEFINED 011614 30000
MEDTRONIC COM 585055106 47237 680876 SH DEFINED 0102 191350 489526
<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
MEDTRONIC COM 585055106 8131 117200 SH DEFINED 0131 117200
MEDTRONIC COM 585055106 2695 38834 SH DEFINED 0103 22900 15934
MEDTRONIC COM 585055106 9116 131400 SH DEFINED 01 131400
MELLON BANK CORP COM 585509102 294 7206 SH DEFINED 0103 7206
MELVILLE CORP COM 585745102 22350 600000 SH DEFINED 0113 600000
MELVILLE CORP COM 585745102 10244 275000 SH DEFINED 0131 275000
MELVILLE CORP COM 585745102 670 17979 SH DEFINED 0103 17979
MENS WEARHOUSE INC COM 587118100 662 29253 SH DEFINED 0103 29253
MERCANTILE BANCORPOR COM 587342106 6844 187500 SH DEFINED 0128 187500
MERCANTILE BANCORPOR COM 587342106 1278 35000 SH DEFINED 011619 35000
MERCANTILE BANCORPOR COM 587342106 6935 190000 SH DEFINED 011614 190000
MERCANTILE BANCORPOR COM 587342106 7300 200000 SH DEFINED 0131 200000
MERCANTILE BANCORPOR COM 587342106 329 9000 SH DEFINED 0103 9000
MERCANTILE STORES COM 587533100 81 1807 SH DEFINED 0103 1807
MERCK COM 589331107 25575 600000 SH DEFINED 0130 600000
MERCK COM 589331107 8525 200000 SH DEFINED 0126 200000
MERCK COM 589331107 12788 300000 SH DEFINED 0124 300000
MERCK COM 589331107 3913 91800 SH DEFINED 0125 91800
MERCK COM 589331107 11722 275000 SH DEFINED 0107 275000
MERCK COM 589331107 15984 375000 SH DEFINED 011516 375000
MERCK COM 589331107 12788 300000 SH DEFINED 011618 300000
MERCK COM 589331107 1108 26000 SH DEFINED 011620 26000
MERCK COM 589331107 99868 2342925 SH DEFINED 0102 774600 1568325
MERCK COM 589331107 15516 364000 SH DEFINED 0131 364000
MERCK COM 589331107 6474 151867 SH DEFINED 0103 35150 116717
MERCK COM 589331107 10122 237446 SH DEFINED 01 237446
MERCURY FINANCE CO COM 589395102 12578 780000 SH DEFINED 011516 780000
MERCURY INTERACTIVE COM 589405109 1181 70000 SH DEFINED 011619 70000
MEREDITH CORP COM 589433101 35 1330 SH DEFINED 0103 1330
MERRILL CORPORATION COM 590175105 5693 345000 SH DEFINED 011516 345000
MERRILL LYNCH & CO COM 590188108 25575 600000 SH DEFINED 0111 600000
MERRILL LYNCH & CO COM 590188108 204 4800 SH DEFINED 0102 4800
MERRILL LYNCH & CO COM 590188108 478 11221 SH DEFINED 0103 11221
MERRY LAND & INVT CO COM 590438107 3023 155000 SH DEFINED 0107 155000
MERRY LAND & INVT CO COM 590438107 2145 110000 SH DEFINED 011618 110000
METHANEX CORP COM 59151K108 1988 200000 SH DEFINED 0109 200000
METHANEX CORP COM 59151K108 4969 500000 SH DEFINED 0124 500000
METHANEX CORP COM 59151K108 1988 200000 SH DEFINED 011621 200000
MEYER (FRED) INC COM 593098106 5925 200000 SH DEFINED 0128 200000
MEYER (FRED) INC COM 593098106 770 26000 SH DEFINED 011620 26000
MEYER (FRED) INC COM 593098106 10369 350000 SH DEFINED 0131 350000
MEYER (FRED) INC COM 593098106 391 13200 SH DEFINED 0103 13200
MICROSOFT COM 594918104 67569 950000 SH DEFINED 0126 950000
MICROSOFT COM 594918104 32006 450000 SH DEFINED 0111 450000
MICROSOFT COM 594918104 3556 50000 SH DEFINED 0124 50000
MICROSOFT COM 594918104 782 11000 SH DEFINED 0125 11000
MICROSOFT COM 594918104 4268 60000 SH DEFINED 011622 60000
MICROSOFT COM 594918104 8535 120000 SH DEFINED 011623 120000
MICROSOFT COM 594918104 17781 250000 SH DEFINED 011618 250000
MICROSOFT COM 594918104 31754 446479 SH DEFINED 0102 181700 264779
<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
MICROSOFT COM 594918104 4979 70000 SH DEFINED 0131 70000
MICROSOFT COM 594918104 2786 39163 SH DEFINED 0103 5900 33263
MICRO-CHIP COM 595017104 1688 60000 SH DEFINED 011619 60000
MICRO-CHIP COM 595017104 7594 270000 SH DEFINED 011614 270000
MICRODYNE CORP COM 595067109 1006 70000 SH DEFINED 011619 70000
MICRON TECHNOLOGY COM 595112103 13680 180000 SH DEFINED 011614 180000
MICRON TECHNOLOGY COM 595112103 380 4998 SH DEFINED 0103 4998
MICRONICS COMPUTERS COM 595127101 538 100000 SH DEFINED 011619 100000
MID-AMERICA APT COM 59522J103 1663 64600 SH DEFINED 0132 64600
MID-AMERICA APT COM 59522J103 5021 195000 SH DEFINED 0107 195000
MID ATLANTIC COM 595232109 770 96200 SH DEFINED 0107 96200
MILLER INDUS COM 600551105 1121 65000 SH DEFINED 011619 65000
MILLIPORE CORP COM 601073109 4739 85000 SH DEFINED 0106 85000
MILLIPORE CORP COM 601073109 68 1212 SH DEFINED 0103 1212
MILLS COM 601148109 7172 425000 SH DEFINED 0113 425000
MILLS COM 601148109 2869 170000 SH DEFINED 0132 170000
MILLS COM 601148109 928 55000 SH DEFINED 0107 55000
MN MINING & MFG CO COM 604059105 36328 625000 SH DEFINED 0130 625000
MN MINING & MFG CO COM 604059105 26156 450000 SH DEFINED 0113 450000
MN MINING & MFG CO COM 604059105 17438 300000 SH DEFINED 0124 300000
MN MINING & MFG CO COM 604059105 23250 400000 SH DEFINED 011516 400000
MN MINING & MFG CO COM 604059105 17438 300000 SH DEFINED 0131 300000
MN MINING & MFG CO COM 604059105 1897 32623 SH DEFINED 0103 32623
MN P & L 144A $100 PREFERRED STOCK 6041109C2 4833 50000 SH DEFINED 0105 50000
MN P & L 144A $100 PREFERRED STOCK 6041109C2 2900 30000 SH DEFINED 01 30000
MN P&L 144A 6.70 PREFERRED STOCK 604110999 10100 100000 SH DEFINED 0105 100000
MIRAGE RESORTS INC COM 60462E104 21000 750000 SH DEFINED 0126 750000
MRS FIELDS COM 60650*990 605 20176717 SH DEFINED 0105 20176717
MOBIL COM 607059102 32419 350000 SH DEFINED 0126 350000
MOBIL COM 607059102 27788 300000 SH DEFINED 0113 300000
MOBIL COM 607059102 12968 140000 SH DEFINED 0107 140000
MOBIL COM 607059102 23156 250000 SH DEFINED 011618 250000
MOBIL COM 607059102 144779 1563001 SH DEFINED 0102 558570 1004431
MOBIL COM 607059102 17136 185000 SH DEFINED 0131 185000
MOBIL COM 607059102 4501 48592 SH DEFINED 0103 22400 26192
MOBIL COM 607059102 4094 44200 SH DEFINED 01 44200
MOLEX INC COM 608554101 1430 40000 SH DEFINED 011619 40000
MOLEX INC COM 608554101 5720 160000 SH DEFINED 011614 160000
MOLEX INC CL A COM 608554200 191 5624 SH DEFINED 0102 1200 4424
MONSANTO COMPANY COM 611662107 10834 135000 SH DEFINED 0107 135000
MONSANTO COMPANY COM 611662107 458 5702 SH DEFINED 0103 5702
MOORE CORP COM 615785102 24375 1250000 SH DEFINED 0113 1250000
MOORE CORP COM 615785102 95 4883 SH DEFINED 0103 4883
JP MORGAN & CO INC COM 616880100 24400 400000 SH DEFINED 0130 400000
JP MORGAN & CO INC COM 616880100 565 9265 SH DEFINED 0103 9265
MORGAN STANLEY GROUP COM 617446109 6738 100000 SH DEFINED 0108 100000
MORRISON KNUDSEN CP COM 618447106 12 1982 SH DEFINED 0103 1982
MORTON INTERNATIONAL COM 619331101 8700 300000 SH DEFINED 011618 300000
MORTON INTERNATIONAL COM 619331101 522 18000 SH DEFINED 011620 18000
MORTON INTERNATIONAL COM 619331101 755 26063 SH DEFINED 0102 1500 24563
<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
MORTON INTERNATIONAL COM 619331101 4164 143600 SH DEFINED 0131 143600
MORTON INTERNATIONAL COM 619331101 433 14950 SH DEFINED 0103 7700 7250
MOTOROLA COM 620076109 109250 2000000 SH DEFINED 0126 2000000
MOTOROLA COM 620076109 21850 400000 SH DEFINED 0111 400000
MOTOROLA COM 620076109 5463 100000 SH DEFINED 0132 100000
MOTOROLA COM 620076109 32775 600000 SH DEFINED 0124 600000
MOTOROLA COM 620076109 2119 38800 SH DEFINED 0125 38800
MOTOROLA COM 620076109 7648 140000 SH DEFINED 011622 140000
MOTOROLA COM 620076109 18136 332000 SH DEFINED 011623 332000
MOTOROLA COM 620076109 19665 360000 SH DEFINED 011618 360000
MOTOROLA COM 620076109 41855 766186 SH DEFINED 0102 279250 486936
MOTOROLA COM 620076109 2778 50854 SH DEFINED 0103 5400 45454
MOTOROLA COM 620076109 6023 110263 SH DEFINED 01 110263
MULTIMEDIA INC NEW COM 62545K107 5303 140000 SH DEFINED 0128 140000
MULTIMEDIA INC NEW COM 62545K107 4325 114200 SH DEFINED 0131 114200
MURPHY OIL COM 626717102 4313 100000 SH DEFINED 0128 100000
MUTUAL RISK COM 628351108 13938 500000 SH DEFINED 0130 500000
MUTUAL RISK COM 628351108 8363 300000 SH DEFINED 011516 300000
MUTUAL RISK COM 628351108 1171 42000 SH DEFINED 011619 42000
MUTUAL RISK COM 628351108 1951 70000 SH DEFINED 011620 70000
MUTUAL RISK COM 628351108 4281 153600 SH DEFINED 0102 153600
MUTUAL RISK COM 628351108 72 2600 SH DEFINED 0103 2600
MUTUAL RISK COM 628351108 3596 129000 SH DEFINED 01 129000
MYLAN LABS COM 628530107 15240 480000 SH DEFINED 011516 480000
NBD BANCORP COM 628900102 249 7647 SH DEFINED 0103 7647
NAC RE 144A CONV BOND 628907AC1 13050 15000000 PRN DEFINED 0130 15000000
NAC RE 144A CONV BOND 628907AC1 3480 4000000 PRN DEFINED 0104 4000000
NAC RE 144A CONV BOND 628907AC1 1740 2000000 PRN DEFINED 011621 2000000
NAC RE CORPORATION COM 628907107 4538 150000 SH DEFINED 0108 150000
NAC RE CORPORATION COM 628907107 756 25000 SH DEFINED 011619 25000
NIPSCO COM 629140104 6225 200000 SH DEFINED 0132 200000
NVR INC COM 62944T105 588 100000 SH DEFINED 0109 100000
NACCO IND CL A COM 629579103 22 412 SH DEFINED 0103 412
NALCO CHEMICAL COM 629853102 13450 400000 SH DEFINED 0130 400000
NALCO CHEMICAL COM 629853102 8238 245000 SH DEFINED 0107 245000
NALCO CHEMICAL COM 629853102 538 16000 SH DEFINED 011620 16000
NALCO CHEMICAL COM 629853102 113 3347 SH DEFINED 0103 3347
NATIONAL CITY CORP COM 635405103 196 7366 SH DEFINED 0103 7366
NATL ENT 4.75 CONV BOND 635819AA3 1 20000 PRN DEFINED 0102 20000
NATIONAL GOLF COM 63623G109 1580 80000 SH DEFINED 011618 80000
NATL HLTH INV $25 CONV PFD STOCK 63633D203 1878 83000 SH DEFINED 0104 83000
NATL HLTH INV $25 CONV PFD STOCK 63633D203 1358 60000 SH DEFINED 0109 60000
NATL HLTH INV $25 CONV PFD STOCK 63633D203 905 40000 SH DEFINED 011621 40000
NATL HLTH INV $25 CONV PFD STOCK 63633D203 226 10000 SH DEFINED 011620 10000
NATIONAL INSTRUMENT COM 636518102 5165 287000 SH DEFINED 0102 287000
NATIONAL INSTRUMENT COM 636518102 135 7500 SH DEFINED 0103 7500
TENET HEALTHCARE COR COM 636886103 129 8155 SH DEFINED 0103 8155
NATIONAL POWER PLC COM 637194507 9138 850000 SH DEFINED 0130 850000
NATIONAL POWER PLC COM 637194507 1559 145000 SH DEFINED 0132 145000
NATIONAL POWER PLC COM 637194507 6450 600000 SH DEFINED 0124 600000
<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
NATL PRESTO IND COM 637215104 4184 103000 SH DEFINED 0128 103000
NATL SEMICONDUCTOR COM 637640103 106 6031 SH DEFINED 0103 6031
NATL SERVICES IND COM 637657107 65 2415 SH DEFINED 0103 2415
NAT CORP HOUSING COM 637995994 100 500 SH DEFINED 01 500
NATIONS BANK COM 638585109 30450 600000 SH DEFINED 0130 600000
NATIONS BANK COM 638585109 25375 500000 SH DEFINED 0113 500000
NATIONS BANK COM 638585109 10150 200000 SH DEFINED 0124 200000
NATIONS BANK COM 638585109 2801 55200 SH DEFINED 0125 55200
NATIONS BANK COM 638585109 12180 240000 SH DEFINED 0107 240000
NATIONS BANK COM 638585109 5298 104400 SH DEFINED 0102 19300 85100
NATIONS BANK COM 638585109 16494 325000 SH DEFINED 0131 325000
NATIONS BANK COM 638585109 2551 50263 SH DEFINED 0103 50263
NATIONWIDE HEALTH COM 638620104 4241 115000 SH DEFINED 0107 115000
NATIONWIDE HEALTH COM 638620104 5384 146000 SH DEFINED 01 146000
NATURE'S BOUNTY INC COM 639017300 9910 1705000 SH DEFINED 011516 1705000
NAUTICA ENTERPRISES COM 639089101 594 19000 SH DEFINED 0102 19000
NAVISTAR INTL CORP COM 63934E108 1313 102965 SH DEFINED 0103 102965
NELSON (THOMAS) INC COM 640376109 7406 375000 SH DEFINED 0111 375000
NETWORK EQUIP TECH COM 641208103 1015 40000 SH DEFINED 011619 40000
NETWORK GENERAL COM 641210109 5985 210000 SH DEFINED 011614 210000
NETWORK GENERAL COM 641210109 5986 210000 SH DEFINED 0102 210000
NETWORK GENERAL COM 641210109 154 5400 SH DEFINED 0103 5400
NJ NATL GAS 100 144A PREFERRED STOCK 645869207 21225 200000 SH DEFINED 0105 200000
NEW JERSEY RESOURCES COM 646025106 3424 153900 SH DEFINED 0128 153900
NEW JERSEY RESOURCES COM 646025106 8344 375000 SH DEFINED 0132 375000
NEW JERSEY RESOURCES COM 646025106 334 15000 SH DEFINED 01 15000
NEW YORK TIMES CLA COM 650111107 114 4928 SH DEFINED 0103 4928
NEWELL CO COM 651192106 25500 1000000 SH DEFINED 011516 1000000
NEWELL CO COM 651192106 197 7741 SH DEFINED 0103 7741
NEWFIELD EXPLORATION COM 651290108 4300 200000 SH DEFINED 011516 200000
NEWMONT GOLD CORP COM 651637100 1655 40000 SH DEFINED 0127 40000
NEWMONT MINING COM 651639106 21375 500000 SH DEFINED 0124 500000
NEWMONT MINING COM 651639106 180 4220 SH DEFINED 0103 4220
NEWS CORP LTD ADR COM 652487703 9945 520000 SH DEFINED 011516 520000
NEWS CORP LTD ADR COM 652487703 11475 600000 SH DEFINED 011618 600000
NEWS CORP LTD ADR COM 652487703 341 17888 SH DEFINED 0102 17888
NEWS CORP ADR PFD COM 652487802 4485 260000 SH DEFINED 011516 260000
NEWS CORP ADR PFD COM 652487802 1725 100000 SH DEFINED 011618 100000
NEWS CORP ADR PFD COM 652487802 690 40000 SH DEFINED 01 40000
NEXTEL COMMUNICATION COM 65332V103 34063 2500000 SH DEFINED 011516 2500000
NIAGARA MOHAWK $25 PREFERRED STOCK 65352E9A6 1596 63000 SH DEFINED 0105 63000
NIAGARA MOHAWK POWER COM 653522102 97 7061 SH DEFINED 0103 7061
NICOR COM 654086107 4375 175000 SH DEFINED 0132 175000
NICOR COM 654086107 64 2551 SH DEFINED 0103 2551
NIKE INC CL B COM 654106103 268 3594 SH DEFINED 0103 3594
NISSAN ADR COM 654744408 314 21310 SH DEFINED 01 21310
NOKIA PERFERRED COM 654902204 24255 330000 SH DEFINED 0126 330000
NOKIA PERFERRED COM 654902204 7350 100000 SH DEFINED 0106 100000
NOKIA PERFERRED COM 654902204 3300 44900 SH DEFINED 011622 44900
NOKIA PERFERRED COM 654902204 7343 99900 SH DEFINED 011623 99900
<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
NOKIA PERFERRED COM 654902204 12863 175000 SH DEFINED 011618 175000
NOKIA PERFERRED COM 654902204 2940 40000 SH DEFINED 011619 40000
NOKIA PERFERRED COM 654902204 11393 155000 SH DEFINED 011614 155000
NOKIA PERFERRED COM 654902204 29 400 SH DEFINED 0102 400
NOKIA PERFERRED COM 654902204 12223 166300 SH DEFINED 0131 166300
NOKIA PERFERRED COM 654902204 669 9100 SH DEFINED 0103 9100
NORAM ENERGY CORP COM 655419109 31733 5903892 SH DEFINED 0103 5903892
NORDSON CORP COM 655663102 13260 240000 SH DEFINED 011516 240000
NORDSTROM INC COM 655664100 10188 250000 SH DEFINED 0126 250000
NORDSTROM INC COM 655664100 12225 300000 SH DEFINED 0111 300000
NORDSTROM INC COM 655664100 3260 80000 SH DEFINED 011622 80000
NORDSTROM INC COM 655664100 7172 176000 SH DEFINED 011623 176000
NORDSTROM INC COM 655664100 164 4029 SH DEFINED 0103 4029
NORDSTROM INC COM 655664100 1223 30000 SH DEFINED 01 30000
NORFOLK SOUTHERN CO COM 655844108 28422 425000 SH DEFINED 0130 425000
NORFOLK SOUTHERN CO COM 655844108 26750 400000 SH DEFINED 0113 400000
NORFOLK SOUTHERN CO COM 655844108 1625 24300 SH DEFINED 0125 24300
NORFOLK SOUTHERN CO COM 655844108 11369 170000 SH DEFINED 0107 170000
NORFOLK SOUTHERN CO COM 655844108 10700 160000 SH DEFINED 011618 160000
NORFOLK SOUTHERN CO COM 655844108 488 7300 SH DEFINED 011620 7300
NORFOLK SOUTHERN CO COM 655844108 2241 33500 SH DEFINED 0102 33500
NORFOLK SOUTHERN CO COM 655844108 16719 250000 SH DEFINED 0131 250000
NORFOLK SOUTHERN CO COM 655844108 1773 26506 SH DEFINED 0103 26506
NORFOLK SOUTHERN CO COM 655844108 3383 50600 SH DEFINED 01 50600
NORTH AMERICAN BIOLO COM 656755105 744 85000 SH DEFINED 011619 85000
NORTH AMERICAN MTG C COM 657037107 19113 1100000 SH DEFINED 011516 1100000
NORTHEAST UTILITIES COM 664397106 3188 150000 SH DEFINED 0132 150000
NORTHRN ST PWR CO MN COM 665772109 8800 200000 SH DEFINED 0132 200000
NORTHRN ST PWR CO MN COM 665772109 840 19100 SH DEFINED 0125 19100
NORTHRN ST PWR CO MN COM 665772109 114 2600 SH DEFINED 0102 2600
NORTHRN ST PWR CO MN COM 665772109 505 11481 SH DEFINED 0103 11481
NSP PERP PREFERRED STOCK 665772836 2094 25000 SH DEFINED 01 25000
NORTHRN TELECOM COM 665815106 24619 650000 SH DEFINED 0126 650000
NORTHRN TELECOM COM 665815106 7575 200000 SH DEFINED 0132 200000
NORTHRN TELECOM COM 665815106 6204 163800 SH DEFINED 0112 163800
NORTHRN TELECOM COM 665815106 1538 40600 SH DEFINED 0125 40600
NORTHRN TELECOM COM 665815106 22725 600000 SH DEFINED 011618 600000
NORTHRN TELECOM COM 665815106 6715 177300 SH DEFINED 011617 177300
NORTHRN TELECOM COM 665815106 6782 179095 SH DEFINED 0102 18600 160495
NORTHRN TELECOM COM 665815106 3700 97700 SH DEFINED 0131 97700
NORTHRN TELECOM COM 665815106 1318 34805 SH DEFINED 0103 5000 29805
NORTHRN TELECOM COM 665815106 11635 307195 SH DEFINED 01 307195
NORTHERN TRUST CORP COM 665859104 56200 1600000 SH DEFINED 011516 1600000
NORTHROP GRUMMAN COR COM 666807102 6109 125000 SH DEFINED 0128 125000
NORTHROP GRUMMAN COR COM 666807102 12219 250000 SH DEFINED 011618 250000
NORTHROP GRUMMAN COR COM 666807102 118 2412 SH DEFINED 0103 2412
NORTHROP GRUMMAN COR COM 666807102 1711 35000 SH DEFINED 01 35000
NWA COM 667280101 12206 450000 SH DEFINED 0111 450000
NWA COM 667280101 2713 100000 SH DEFINED 011622 100000
NWA COM 667280101 5425 200000 SH DEFINED 011623 200000
<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
NWA COM 667280101 162 6000 SH DEFINED 0102 6000
NORTON MCNAUGHTON COM 668685100 10650 600000 SH DEFINED 011516 600000
NORWEST CORP COM 669380107 384 15136 SH DEFINED 0103 15136
NOVELL INC COM 670006105 452 23750 SH DEFINED 0102 23750
NOVELL INC COM 670006105 345 18139 SH DEFINED 0103 18139
NUCOR CORP COM 670346105 9281 165000 SH DEFINED 0108 165000
NUCOR CORP COM 670346105 45844 815000 SH DEFINED 0126 815000
NUCOR CORP COM 670346105 25313 450000 SH DEFINED 0111 450000
NUCOR CORP COM 670346105 861 15300 SH DEFINED 0125 15300
NUCOR CORP COM 670346105 5063 90000 SH DEFINED 011622 90000
NUCOR CORP COM 670346105 11363 202000 SH DEFINED 011623 202000
NUCOR CORP COM 670346105 11250 200000 SH DEFINED 011618 200000
NUCOR CORP COM 670346105 1406 25000 SH DEFINED 011619 25000
NUCOR CORP COM 670346105 5625 100000 SH DEFINED 011614 100000
NUCOR CORP COM 670346105 117259 2084562 SH DEFINED 0102 689750 1394812
NUCOR CORP COM 670346105 6272 111500 SH DEFINED 0131 111500
NUCOR CORP COM 670346105 2492 44277 SH DEFINED 0103 33400 10877
NUCOR CORP COM 670346105 7274 129324 SH DEFINED 01 129324
NYNEX COM 670768100 580 14650 SH DEFINED 0102 14650
NYNEX COM 670768100 820 20701 SH DEFINED 0103 20701
OASIS COM 674216106 4550 200000 SH DEFINED 0107 200000
OASIS COM 674216106 4095 180000 SH DEFINED 011618 180000
OCCIDENTAL PETROLEUM COM 674599105 21875 1000000 SH DEFINED 0124 1000000
OCCIDENTAL PETROLEUM COM 674599105 335 15324 SH DEFINED 0103 15324
OFFICE MAX COM 67622M108 16656 650000 SH DEFINED 0130 650000
OFFICE MAX COM 67622M108 12172 475000 SH DEFINED 0106 475000
OFFICE MAX COM 67622M108 5125 200000 SH DEFINED 011618 200000
OFFICE MAX COM 67622M108 1153 45000 SH DEFINED 011619 45000
OFFICE MAX COM 67622M108 2050 80000 SH DEFINED 011620 80000
OFFICE MAX COM 67622M108 5125 200000 SH DEFINED 011614 200000
OFFICE MAX COM 67622M108 497 19426 SH DEFINED 0102 19426
OFFICE MAX COM 67622M108 5509 215000 SH DEFINED 0131 215000
OFFICE MAX COM 67622M108 187 7300 SH DEFINED 0103 7300
OFFICE MAX COM 67622M108 7637 298021 SH DEFINED 01 279321 18700
OFFICE DEPOT INC COM 676220106 24375 1000000 SH DEFINED 0126 1000000
OFFICE DEPOT INC COM 676220106 9750 400000 SH DEFINED 0111 400000
OFFICE DEPOT INC COM 676220106 23156 950000 SH DEFINED 0124 950000
OFFICE DEPOT INC COM 676220106 2194 90000 SH DEFINED 011622 90000
OFFICE DEPOT INC COM 676220106 4875 200000 SH DEFINED 011623 200000
OFFICE DEPOT INC COM 676220106 1219 50000 SH DEFINED 011619 50000
OFFICE DEPOT INC COM 676220106 5484 225000 SH DEFINED 011614 225000
OFFICE DEPOT INC COM 676220106 11 450 SH DEFINED 0102 450
OFFICE DEPOT INC COM 676220106 6855 281250 SH DEFINED 0131 281250
OFFICE DEPOT INC COM 676220106 7018 287930 SH DEFINED 0103 7650 280280
OGDEN CORP COM 676346109 43 2139 SH DEFINED 0103 2139
OHIO EDISON COM 677347106 150 7483 SH DEFINED 0103 7483
OLIN COM 680665205 24188 450000 SH DEFINED 0113 450000
OLSTEN CORP COM 681385100 14050 400000 SH DEFINED 0111 400000
OLSTEN CORP COM 681385100 12294 350000 SH DEFINED 011618 350000
OLSTEN CORP COM 681385100 11 300 SH DEFINED 0102 300
<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
OLSTEN CORP COM 681385100 225 6400 SH DEFINED 0103 6400
OLYMPIC FINANCIAL LT COM 681593109 360 40000 SH DEFINED 011619 40000
OMNICARE, INC. COM 681904108 9293 177000 SH DEFINED 011516 177000
OMNICARE, INC. COM 681904108 12271 233700 SH DEFINED 0102 233700
OMNICARE, INC. COM 681904108 310 5900 SH DEFINED 0103 5900
OMEGA HEALTH CARE COM 681936100 4750 200000 SH DEFINED 0130 200000
OMEGA HEALTH CARE COM 681936100 7125 300000 SH DEFINED 0113 300000
OMEGA HEALTH CARE COM 681936100 3919 165000 SH DEFINED 0107 165000
OMEGA HEALTH CARE COM 681936100 1015 42748 SH DEFINED 01 42748
ONEOK INC COM 682678107 24 1271 SH DEFINED 0103 1271
ORACLE SYSTEMS CORP COM 68389X105 75000 2400000 SH DEFINED 0126 2400000
ORACLE SYSTEMS CORP COM 68389X105 6250 200000 SH DEFINED 0106 200000
ORACLE SYSTEMS CORP COM 68389X105 28125 900000 SH DEFINED 0111 900000
ORACLE SYSTEMS CORP COM 68389X105 239 7650 SH DEFINED 0125 7650
ORACLE SYSTEMS CORP COM 68389X105 7031 225000 SH DEFINED 011622 225000
ORACLE SYSTEMS CORP COM 68389X105 15750 504000 SH DEFINED 011623 504000
ORACLE SYSTEMS CORP COM 68389X105 11719 375000 SH DEFINED 011618 375000
ORACLE SYSTEMS CORP COM 68389X105 20625 660000 SH DEFINED 011614 660000
ORACLE SYSTEMS CORP COM 68389X105 1069 34159 SH DEFINED 0102 34159
ORACLE SYSTEMS CORP COM 68389X105 17569 562200 SH DEFINED 0131 562200
ORACLE SYSTEMS CORP COM 68389X105 1539 49251 SH DEFINED 0103 24900 24351
OPTI INC COM 683960108 10 600 SH DEFINED 0102 600
ORANGE ROCKLAND$100 PREFERRED STOCK 6848679A4 1977 19634 SH DEFINED 0105 19634
ORYX ENERGY CO COM 68763F100 61 4853 SH DEFINED 0103 4853
OSHKOSH B-GOSH CLA COM 688222207 10 673 SH DEFINED 0103 673
OSTEX COM 68859Q101 609 65000 SH DEFINED 011619 65000
OUTBACK STEAKHOUSE COM 689899102 10243 403650 SH DEFINED 0102 403650
OUTBACK STEAKHOUSE COM 689899102 188 7400 SH DEFINED 0103 7400
OUTBOARD MARINE COM 690020102 20 953 SH DEFINED 0103 953
OWENS & MINOR INC COM 690732102 6500 500000 SH DEFINED 011516 500000
OWENS CORNIG FIB NEW COM 690734207 95 2637 SH DEFINED 0103 2637
OXFORD HEALTH COM 691471106 6160 110000 SH DEFINED 011614 110000
OXFORD HEALTH COM 691471106 11 200 SH DEFINED 0102 200
OXFORD HEALTH COM 691471106 4458 79600 SH DEFINED 0131 79600
OXFORD HEALTH COM 691471106 246 4400 SH DEFINED 0103 4400
PECO ENERGY COM 693304107 3769 150000 SH DEFINED 0132 150000
PECO ENERGY COM 693304107 10 400 SH DEFINED 0102 400
PECO ENERGY COM 693304107 273 10868 SH DEFINED 0103 10868
PMT SERVICES COM 693457103 5844 425000 SH DEFINED 011516 425000
PMT SERVICES COM 693457103 825 60000 SH DEFINED 011619 60000
PNC FINL CORP COM 693475105 281 11519 SH DEFINED 0103 11519
PPG INDUSTRIES INC COM 693506107 10570 280000 SH DEFINED 0107 280000
PPG INDUSTRIES INC COM 693506107 16044 425000 SH DEFINED 0131 425000
PPG INDUSTRIES INC COM 693506107 772 20435 SH DEFINED 0103 20435
PSI ENERGY 7.15 PFD PREFERRED STOCK 693627507 720 8000 SH DEFINED 0116 8000
PT TRI POLYTA COM 69365B109 6600 300000 SH DEFINED 0135 300000
PT TRI POLYTA COM 69365B109 103 4700 SH DEFINED 01 4700
PACCAR INC COM 693718108 81 1906 SH DEFINED 0103 1906
PACIFIC ENTERPRISES COM 694232109 257 10400 SH DEFINED 0125 10400
PACIFIC ENTERPRISES COM 694232109 35 1400 SH DEFINED 0102 1400
<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
PACIFIC ENTERPRISES COM 694232109 211 8526 SH DEFINED 0103 8526
PACIFIC GAS & ELEC COM 694308107 527 21201 SH DEFINED 0103 21201
PACIFIC GAS & ELEC PREFERRED STOCK 694308693 12797 525000 SH DEFINED 0105 525000
PACIFIC TELESIS COM 694890104 25713 850000 SH DEFINED 0130 850000
PACIFIC TELESIS COM 694890104 19663 650000 SH DEFINED 0113 650000
PACIFIC TELESIS COM 694890104 13613 450000 SH DEFINED 0132 450000
PACIFIC TELESIS COM 694890104 1168 38600 SH DEFINED 0125 38600
PACIFIC TELESIS COM 694890104 193 6415 SH DEFINED 0102 6415
PACIFIC TELESIS COM 694890104 1131 37398 SH DEFINED 0103 37398
PACIFICARE HEALTHCLB COM 695110205 15895 220000 SH DEFINED 011618 220000
PACIFICARE HEALTHCLB COM 695110205 1322 18300 SH DEFINED 011619 18300
PACIFICARE HEALTHCLB COM 695110205 6625 91700 SH DEFINED 011614 91700
PACIFICORP COM 695114108 6781 350000 SH DEFINED 0132 350000
PACIFICORP COM 695114108 269 13886 SH DEFINED 0103 13886
PACIFICORP $100 PAR PREFERRED STOCK 695114678 16106 150000 SH DEFINED 0105 150000
PACIFICORP $100 PAR PREFERRED STOCK 695114678 558 5200 SH DEFINED 01 5200
PACIFICORP $100 PAR PREFERRED STOCK 695114678 9288 86500 SH DEFINED 0116 86500
PACIFICORP $100 PAR PREFERRED STOCK 695114678 1074 10000 SH DEFINED 0116 10000
PAINEWEBBER MASTER COM 695910885 1 127 SH DEFINED 01 127
PAIR GAIN TECH COM 695934109 1791 75000 SH DEFINED 011619 75000
PALL CORP COM 696429307 9975 475000 SH DEFINED 0108 475000
PALL CORP COM 696429307 119 5656 SH DEFINED 0103 5656
PALMER WIRELESS INC COM 697033108 1222 85000 SH DEFINED 011619 85000
PALMER WIRELESS INC COM 697033108 3594 250000 SH DEFINED 011614 250000
PANHANDLE EASTERN COM 698462108 168 7313 SH DEFINED 0103 7313
PARAGON CORP COM 699116109 7706 450000 SH DEFINED 0113 450000
PARAGON CORP COM 699116109 3768 220000 SH DEFINED 011618 220000
PARAMETRIC TECH CORP COM 699173100 10000 250000 SH DEFINED 0108 250000
PARAMETRIC TECH CORP COM 699173100 47200 1180000 SH DEFINED 0126 1180000
PARAMETRIC TECH CORP COM 699173100 8000 200000 SH DEFINED 0106 200000
PARAMETRIC TECH CORP COM 699173100 2752 68800 SH DEFINED 011622 68800
PARAMETRIC TECH CORP COM 699173100 6072 151800 SH DEFINED 011623 151800
PARAMETRIC TECH CORP COM 699173100 2200 55000 SH DEFINED 011619 55000
PARAMETRIC TECH CORP COM 699173100 23600 590000 SH DEFINED 011614 590000
PARAMETRIC TECH CORP COM 699173100 38460 961500 SH DEFINED 0102 961500
PARAMETRIC TECH CORP COM 699173100 20724 518100 SH DEFINED 0131 518100
PARAMETRIC TECH CORP COM 699173100 2264 56600 SH DEFINED 0103 56600
PARCPLACE COM 699421103 6481 425000 SH DEFINED 0106 425000
PARCPLACE COM 699421103 8616 565000 SH DEFINED 011516 565000
PARCPLACE COM 699421103 496 32500 SH DEFINED 011620 32500
PARCPLACE COM 699421103 2542 166720 SH DEFINED 01 166720
PARKER & PARSLEY PET COM 701018103 6788 300000 SH DEFINED 0106 300000
PARKER-HANNIFIN COM 701094104 106 2402 SH DEFINED 0103 2402
PAYCHEX INC COM 704326107 10810 235000 SH DEFINED 011614 235000
PAYCHEX INC COM 704326107 16768 364475 SH DEFINED 0102 364475
PAYCHEX INC COM 704326107 4885 106200 SH DEFINED 0131 106200
PAYCHEX INC COM 704326107 1325 28800 SH DEFINED 0103 28800
PENNCORP FINANCIAL G COM 708094107 3525 200000 SH DEFINED 0128 200000
PENNEY J C COM 708160106 24681 550000 SH DEFINED 0130 550000
PENNEY J C COM 708160106 31 700 SH DEFINED 0125 700
<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
PENNEY J C COM 708160106 4 100 SH DEFINED 0102 100
PENNEY J C COM 708160106 527 11748 SH DEFINED 0103 11748
PENN P&L PFD $100 PREFERRED STOCK 709051643 2447 25000 SH DEFINED 0105 25000
PENNZOIL COM 709903108 107 2260 SH DEFINED 0103 2260
PEOPLES CHOICE TV CO COM 710847104 5885 220000 SH DEFINED 011516 220000
PEOPLES ENERGY CORP COM 711030106 43 1710 SH DEFINED 0103 1710
PEP BOYS COM 713278109 9300 300000 SH DEFINED 0130 300000
PEP BOYS COM 713278109 13950 450000 SH DEFINED 0108 450000
PEP BOYS COM 713278109 24800 800000 SH DEFINED 0126 800000
PEP BOYS COM 713278109 1150 37100 SH DEFINED 0125 37100
PEP BOYS COM 713278109 2220 71600 SH DEFINED 011622 71600
PEP BOYS COM 713278109 4898 158000 SH DEFINED 011623 158000
PEP BOYS COM 713278109 13950 450000 SH DEFINED 011618 450000
PEP BOYS COM 713278109 1240 40000 SH DEFINED 011619 40000
PEP BOYS COM 713278109 7130 230000 SH DEFINED 011614 230000
PEP BOYS COM 713278109 14497 467470 SH DEFINED 0102 150250 317220
PEP BOYS COM 713278109 8094 261100 SH DEFINED 0131 261100
PEP BOYS COM 713278109 1035 33408 SH DEFINED 0103 14400 19008
PEP BOYS COM 713278109 81 2600 SH DEFINED 01 2600
PEPSICO COM 713448108 19500 500000 SH DEFINED 0124 500000
PEPSICO COM 713448108 4040 103600 SH DEFINED 0125 103600
PEPSICO COM 713448108 11700 300000 SH DEFINED 011516 300000
PEPSICO COM 713448108 18210 466891 SH DEFINED 0102 466891
PEPSICO COM 713448108 16575 425000 SH DEFINED 0131 425000
PEPSICO COM 713448108 3895 99845 SH DEFINED 0103 99845
PEPSICO COM 713448108 4037 103500 SH DEFINED 01 103500
PERKIN ELMER COM 714041100 61 2083 SH DEFINED 0103 2083
PERRIGO COMPANY COM 714290103 1628 140000 SH DEFINED 011516 140000
PETROLEUM GEO SERV COM 716597109 8344 375000 SH DEFINED 011516 375000
PETROLEUM GEO SERV COM 716597109 1558 70000 SH DEFINED 011619 70000
PETSMART COM 716768106 4900 140000 SH DEFINED 0106 140000
PETSMART COM 716768106 15473 442000 SH DEFINED 0102 442000
PETSMART COM 716768106 1498 42800 SH DEFINED 0131 42800
PETSMART COM 716768106 477 13600 SH DEFINED 0103 13600
PFIZER COM 717081103 25725 300000 SH DEFINED 0130 300000
PFIZER COM 717081103 102900 1200000 SH DEFINED 0126 1200000
PFIZER COM 717081103 25725 300000 SH DEFINED 0111 300000
PFIZER COM 717081103 42875 500000 SH DEFINED 0124 500000
PFIZER COM 717081103 2590 30200 SH DEFINED 0125 30200
PFIZER COM 717081103 11148 130000 SH DEFINED 0107 130000
PFIZER COM 717081103 6123 71400 SH DEFINED 011622 71400
PFIZER COM 717081103 13557 158100 SH DEFINED 011623 158100
PFIZER COM 717081103 12863 150000 SH DEFINED 011516 150000
PFIZER COM 717081103 24010 280000 SH DEFINED 011618 280000
PFIZER COM 717081103 343 4000 SH DEFINED 011620 4000
PFIZER COM 717081103 93711 1092821 SH DEFINED 0102 305100 787721
PFIZER COM 717081103 28101 327700 SH DEFINED 0131 327700
PFIZER COM 717081103 4163 48538 SH DEFINED 0103 13300 35238
PFIZER COM 717081103 2281 26600 SH DEFINED 01 26600
PHELPS DODGE COM 717265102 4550 80000 SH DEFINED 0102 80000
<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
PHELPS DODGE COM 717265102 197 3468 SH DEFINED 0103 3468
PHELPS DODGE COM 717265102 57 1000 SH DEFINED 01 1000
PHILIP MORRIS COM 718154107 27731 425000 SH DEFINED 0130 425000
PHILIP MORRIS COM 718154107 27731 425000 SH DEFINED 0113 425000
PHILIP MORRIS COM 718154107 4417 67700 SH DEFINED 0125 67700
PHILIP MORRIS COM 718154107 10766 165000 SH DEFINED 0107 165000
PHILIP MORRIS COM 718154107 65250 1000000 SH DEFINED 011516 1000000
PHILIP MORRIS COM 718154107 1044 16000 SH DEFINED 011620 16000
PHILIP MORRIS COM 718154107 35530 544490 SH DEFINED 0102 200400 344090
PHILIP MORRIS COM 718154107 17944 275000 SH DEFINED 0131 275000
PHILIP MORRIS COM 718154107 6085 93249 SH DEFINED 0103 12000 81249
PHILIP MORRIS COM 718154107 17370 266210 SH DEFINED 01 218110 48100
PHILIPPINE LONG DIST COM 718252604 2118 35000 SH DEFINED 0132 35000
PHILIPPINE LONG DIST COM 718252604 12100 200000 SH DEFINED 0124 200000
PHILIPPINE LONG DIST COM 718252604 4840 80000 SH DEFINED 0112 80000
PHILIPPINE LONG DIST COM 718252604 6044 99900 SH DEFINED 011617 99900
PHILIP LONG DIST $50 CONV PFD STOCK 718252703 5638 100000 SH DEFINED 0124 100000
PHILLIPS PETROLEUM COM 718507106 470 12830 SH DEFINED 0103 12830
PHILLIPS PETROLEUM COM 718507106 1465 40000 SH DEFINED 01 40000
PHYCOR COM 71940F100 11988 350000 SH DEFINED 011614 350000
PHYCOR COM 71940F100 24471 714500 SH DEFINED 0102 714500
PHYCOR COM 71940F100 418 12200 SH DEFINED 0103 12200
PHYSICIAN CORP AMERI COM 71940P108 11250 500000 SH DEFINED 0130 500000
PHYSICIAN CORP AMERI COM 71940P108 3753 166808 SH DEFINED 01 166808
PICTURETEL CORP COM 720035302 1330 35000 SH DEFINED 011618 35000
PIEDMONT BANKGROUP I COM 720126101 128 5580 SH DEFINED 0102 1405 4175
PIONEER HI-BRED COM 723686101 223 6200 SH DEFINED 0125 6200
PIONEER HI-BRED COM 723686101 25200 700000 SH DEFINED 011516 700000
PIONEER HI-BRED COM 723686101 32 900 SH DEFINED 0102 900
PIONEER HI-BRED COM 723686101 248 6883 SH DEFINED 0103 6883
PITNEY BOWES COM 724479100 32400 900000 SH DEFINED 0130 900000
PITNEY BOWES COM 724479100 27000 750000 SH DEFINED 0124 750000
PITNEY BOWES COM 724479100 2174 60400 SH DEFINED 0125 60400
PITNEY BOWES COM 724479100 48600 1350000 SH DEFINED 011516 1350000
PITNEY BOWES COM 724479100 5400 150000 SH DEFINED 011618 150000
PITNEY BOWES COM 724479100 13198 366600 SH DEFINED 0102 366600
PITNEY BOWES COM 724479100 1211 33645 SH DEFINED 0103 33645
PITNEY BOWES COM 724479100 2410 66945 SH DEFINED 01 66945
PITTSTON SERVICES GP COM 725701106 47335 1721279 SH DEFINED 0103 1719234 2045
PITTSTON MINERALS GP COM 725701205 6943 377855 SH DEFINED 0103 377855
PITTSTON MIN $3.125 CONV PFD STOCK 725701403 1850 50000 SH DEFINED 0104 50000
PITTSTON MIN $3.125 CONV PFD STOCK 725701403 925 25000 SH DEFINED 011621 25000
PLACER DOME INC COM 725906101 2438 100000 SH DEFINED 0127 100000
PLACER DOME INC COM 725906101 285 11694 SH DEFINED 0103 11694
PLAYTEX PRODUCTS INC COM 72813P100 3400 425000 SH DEFINED 011516 425000
POGO PRODUCING CO COM 730448107 118 6200 SH DEFINED 0106 6200
POLARIS INDS INC COM 731068102 1448 30000 SH DEFINED 011619 30000
POLAROID COM 731095105 79 2269 SH DEFINED 0103 2269
POLICY MGMT SYSTEMS COM 731108106 20183 460000 SH DEFINED 011516 460000
POTASH CORP SASK INC COM 73755L107 1166 26200 SH DEFINED 0102 26200
<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
POTLATCH CORP COM 737628107 21063 500000 SH DEFINED 0113 500000
POTLATCH CORP COM 737628107 11205 266000 SH DEFINED 0131 266000
POTLATCH CORP COM 737628107 557 13233 SH DEFINED 0103 13233
POWERGEN PLC P/P COM 738905504 9397 775000 SH DEFINED 0130 775000
POWERGEN PLC P/P COM 738905504 1091 90000 SH DEFINED 0132 90000
POWERGEN PLC P/P COM 738905504 4547 375000 SH DEFINED 0124 375000
PRAXAIR COM 74005P104 1760 75700 SH DEFINED 0125 75700
PRAXAIR COM 74005P104 1070 46000 SH DEFINED 011620 46000
PRAXAIR COM 74005P104 7863 338200 SH DEFINED 0102 338200
PRAXAIR COM 74005P104 910 39132 SH DEFINED 0103 39132
PRAXAIR COM 74005P104 156 6700 SH DEFINED 01 6700
PREMARK INTL INC COM 740459102 138 3135 SH DEFINED 0103 3135
PREMIER INDUSTRIAL COM 740512306 11418 483300 SH DEFINED 011516 483300
PRICE COSTCO COM 74143W102 141 9555 SH DEFINED 0103 9555
PRICE T ROWE ASSOC COM 741477103 267 7350 SH DEFINED 0102 7350
PRIMADONNA COM 741548101 1250 50000 SH DEFINED 011619 50000
PRIMADONNA COM 741548101 5000 200000 SH DEFINED 011614 200000
PRIMADONNA COM 741548101 11286 451300 SH DEFINED 0102 451300
PRIMADONNA COM 741548101 268 10700 SH DEFINED 0103 10700
PRIME RESIDENTIAL COM 74156H109 1647 108000 SH DEFINED 0132 108000
PRIME RESIDENTIAL COM 74156H109 2623 172000 SH DEFINED 0107 172000
PROCTER & GAMBLE COM 742718109 10600 160000 SH DEFINED 0108 160000
PROCTER & GAMBLE COM 742718109 79500 1200000 SH DEFINED 0126 1200000
PROCTER & GAMBLE COM 742718109 4088 61700 SH DEFINED 0125 61700
PROCTER & GAMBLE COM 742718109 19875 300000 SH DEFINED 011618 300000
PROCTER & GAMBLE COM 742718109 226841 3423972 SH DEFINED 0102 1064150 2359822
PROCTER & GAMBLE COM 742718109 6688 100914 SH DEFINED 0103 40800 60114
PROCTER & GAMBLE COM 742718109 1689 25500 SH DEFINED 01 25500
PRODUCTION OPERATORS COM 743080103 4815 180000 SH DEFINED 0128 180000
PROMUS INC COM 74342A109 37500 1000000 SH DEFINED 0126 1000000
PROMUS INC COM 74342A109 3750 100000 SH DEFINED 011622 100000
PROMUS INC COM 74342A109 8438 225000 SH DEFINED 011623 225000
PROMUS INC COM 74342A109 11250 300000 SH DEFINED 011516 300000
PROMUS INC COM 74342A109 188 5022 SH DEFINED 0103 5022
PROMUS INC COM 74342A109 2063 55000 SH DEFINED 01 55000
PROVIDENT LIFE & ACC COM 743889305 7919 350000 SH DEFINED 0113 350000
PRUDENTIAL UTIL CL A COM 743911208 1 169 SH DEFINED 01 169
PROVIDIAN CORP COM 744061102 18441 525000 SH DEFINED 0113 525000
PROVIDIAN CORP COM 744061102 169 4809 SH DEFINED 0103 4809
PUBLIC SERV CO COLO COM 744448101 7688 250000 SH DEFINED 0132 250000
PUB SERV ENTERPRISES COM 744573106 329 12001 SH DEFINED 0103 12001
PULLMAN CO SER B COM 74578K102 1457 182094 SH DEFINED 0104 182094
PULLMAN CO SER B COM 74578K102 2185 273141 SH DEFINED 0109 273141
PULTE CORP. COM 745867101 32 1352 SH DEFINED 0103 1352
PURITAN BENNETT COM 746299106 14062 601567 SH DEFINED 0103 601567
PURITY SUPREME WRTS WARRANT 746356997 0 13862 SH DEFINED 0104 13862
PURITY SUPREME WRTS WARRANT 746356997 0 8664 SH DEFINED 011621 8664
PUTNAM HIGH YIELD COM 74678J104 2 191 SH DEFINED 01 191
PYXIS CORP COM 747251106 2594 125000 SH DEFINED 011516 125000
QUAKER OATS COM 747402105 13250 400000 SH DEFINED 011516 400000
<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
QUAKER OATS COM 747402105 217 6548 SH DEFINED 0103 6548
QUALITY FOOD CENTERS COM 747565109 6263 300000 SH DEFINED 011516 300000
QUIKSILVER INC COM 74838C106 1298 60000 SH DEFINED 011619 60000
RFS HOTEL COM 74955J108 3919 275000 SH DEFINED 0132 275000
RFS HOTEL COM 74955J108 8051 565000 SH DEFINED 0107 565000
RFS HOTEL COM 74955J108 5700 400000 SH DEFINED 011516 400000
RFS HOTEL COM 74955J108 4703 330000 SH DEFINED 011618 330000
RFS HOTEL COM 74955J108 2579 181000 SH DEFINED 01 181000
RJR NABISCO COM 74960K108 22061 3755000 SH DEFINED 0113 3755000
RJR NABISCO COM 74960K108 47000 8000000 SH DEFINED 011516 8000000
RJR NABISCO COM 74960K108 159 27000 SH DEFINED 011620 27000
RJR NABISCO COM 74960K108 13806 2350000 SH DEFINED 0131 2350000
RJR NABISCO COM 74960K108 558 95000 SH DEFINED 0103 95000
ROC COMMUNITIES COM 749650107 5063 250000 SH DEFINED 0107 250000
ROC COMMUNITIES COM 749650107 4455 220000 SH DEFINED 011618 220000
RAILTEX INC COM 750766107 3764 144700 SH DEFINED 0102 144700
RAILTEX INC COM 750766107 94 3600 SH DEFINED 0103 3600
RALCORP HOLDINGS INC COM 751025107 3563 150000 SH DEFINED 011516 150000
RALSTON PURINA GP COM 751277302 234 4906 SH DEFINED 0103 4906
RAYCHEM COM 754603108 12702 312600 SH DEFINED 0102 78900 233700
RAYCHEM COM 754603108 614 15128 SH DEFINED 0103 13000 2128
RAYCHEM COM 754603108 5241 129000 SH DEFINED 01 129000
RAYMOND WOOLIN MILLS COM 754804102 4371 315000 SH DEFINED 0124 315000
RAYONIER COM 754907103 4669 150000 SH DEFINED 0128 150000
RAYONIER COM 754907103 6069 195000 SH DEFINED 0131 195000
RAYONIER COM 754907103 261 8400 SH DEFINED 0103 8400
RAYTHEON COM 755111101 29150 400000 SH DEFINED 0126 400000
RAYTHEON COM 755111101 25506 350000 SH DEFINED 0113 350000
RAYTHEON COM 755111101 2689 36900 SH DEFINED 0125 36900
RAYTHEON COM 755111101 21863 300000 SH DEFINED 011618 300000
RAYTHEON COM 755111101 372 5100 SH DEFINED 0102 5100
RAYTHEON COM 755111101 17126 235000 SH DEFINED 0131 235000
RAYTHEON COM 755111101 2336 32053 SH DEFINED 0103 32053
READERS DIGEST ASSN COM 755267101 31281 650000 SH DEFINED 0130 650000
READERS DIGEST ASSN COM 755267101 13475 280000 SH DEFINED 0126 280000
READERS DIGEST ASSN COM 755267101 61841 1285000 SH DEFINED 011516 1285000
REDDI BRAKE SUPPLY C COM 757275102 331 100000 SH DEFINED 011619 100000
REEBOK INTERNATIONAL COM 758110100 142 3976 SH DEFINED 0103 3976
REGENCY HEALTH SVCS COM 758934103 10144 765600 SH DEFINED 011516 765600
REGIONAL ACCEPTANCE COM 758935100 1185 80000 SH DEFINED 011619 80000
REGENCY REALTY COM 758939102 2800 175000 SH DEFINED 0132 175000
RELIANC IND GDR EURO COM 759458995 5863 350000 SH DEFINED 0135 350000
RELIANCE GP HDS WRTS WARRANT 759464118 833 277791 SH DEFINED 0109 277791
RELIANCE GP HDS WRTS WARRANT 759464118 14 4795 SH DEFINED 01 4795
RELIANCE 144A GDR COM 759470107 2931 175000 SH DEFINED 0135 175000
REPSOL S.A. ADR COM 76026T205 14500 500000 SH DEFINED 0130 500000
REPSOL S.A. ADR COM 76026T205 14500 500000 SH DEFINED 0113 500000
REPSOL S.A. ADR COM 76026T205 14935 515000 SH DEFINED 0107 515000
REPSOL S.A. ADR COM 76026T205 5800 200000 SH DEFINED 011516 200000
REPSOL S.A. ADR COM 76026T205 2030 70000 SH DEFINED 011620 70000
<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
REPSOL S.A. ADR COM 76026T205 15225 525000 SH DEFINED 0131 525000
REPSOL S.A. ADR COM 76026T205 580 20000 SH DEFINED 0103 20000
REPUBLIC NY COM 760719104 22106 450000 SH DEFINED 0113 450000
REUTERS HLDS PLC ADR COM 761324201 3680 80000 SH DEFINED 01 80000
REVCO D.S. INC COM 761339100 5 200 SH DEFINED 0102 200
REVCO D.S. INC COM 761339100 1474 64100 SH DEFINED 0131 64100
REVCO D.S. INC COM 761339100 81 3500 SH DEFINED 0103 3500
REYNOLDS & REYNOLDS COM 761695105 52250 1900000 SH DEFINED 0126 1900000
REYNOLDS & REYNOLDS COM 761695105 19250 700000 SH DEFINED 011516 700000
REYNOLDS METALS COM 761763101 4708 95600 SH DEFINED 0124 95600
REYNOLDS METALS COM 761763101 138 2800 SH DEFINED 0125 2800
REYNOLDS METALS COM 761763101 20 400 SH DEFINED 0102 400
REYNOLDS METALS COM 761763101 13544 275000 SH DEFINED 0131 275000
REYNOLDS METALS COM 761763101 672 13643 SH DEFINED 0103 13643
REYNOLDS MET $47.25 CONV PFD STOCK 761763507 14288 300000 SH DEFINED 0113 300000
REYNOLDS MET $47.25 CONV PFD STOCK 761763507 4763 100000 SH DEFINED 0107 100000
REYNOLDS MET $47.25 CONV PFD STOCK 761763507 31909 670000 SH DEFINED 01 670000
RHONE POULENC RORER COM 76242T104 56408 1300476 SH DEFINED 0103 1300476
RIGHT CHOICE COM 76657K101 17 962 SH DEFINED 0103 962
RITE AID COM 767754104 4900 200000 SH DEFINED 0128 200000
RITE AID COM 767754104 10168 415000 SH DEFINED 0107 415000
RITE AID COM 767754104 7350 300000 SH DEFINED 011516 300000
RITE AID COM 767754104 101 4134 SH DEFINED 0103 4134
RITE AID COM 767754104 1593 65000 SH DEFINED 01 65000
RIVERWOOD INTL COM 769507104 5467 287746 SH DEFINED 0103 287746
ROADWAY SERVICES COM 769748104 92 1914 SH DEFINED 0103 1914
ROANOKE GAS CO COM 769858101 17 1103 SH DEFINED 0102 1103
ROBERT HALF INTL INC COM 770323103 10740 421200 SH DEFINED 0102 421200
ROBERT HALF INTL INC COM 770323103 6339 248600 SH DEFINED 0131 248600
ROBERT HALF INTL INC COM 770323103 469 18400 SH DEFINED 0103 18400
ROCHESTER GAS & ELEC COM 771367109 5156 250000 SH DEFINED 0132 250000
ROCKWELL INT CORP COM 774347108 23400 600000 SH DEFINED 0113 600000
ROCKWELL INT CORP COM 774347108 3565 91400 SH DEFINED 0125 91400
ROCKWELL INT CORP COM 774347108 12090 310000 SH DEFINED 0107 310000
ROCKWELL INT CORP COM 774347108 5940 152300 SH DEFINED 0102 152300
ROCKWELL INT CORP COM 774347108 15600 400000 SH DEFINED 0131 400000
ROCKWELL INT CORP COM 774347108 2331 59765 SH DEFINED 0103 59765
ROCKWELL INT CORP COM 774347108 113 2900 SH DEFINED 01 2900
ROGERS COM LY PUT/98 CONV BOND 775109AD3 16000 50000000 PRN DEFINED 0130 50000000
ROGERS COM LY PUT/98 CONV BOND 775109AD3 1920 6000000 PRN DEFINED 0104 6000000
ROGERS COM LY PUT/98 CONV BOND 775109AD3 9600 30000000 PRN DEFINED 011516 30000000
ROHM & HAAS CO COM 775371107 25075 425000 SH DEFINED 0113 425000
ROHM & HAAS CO COM 775371107 196 3320 SH DEFINED 0103 3320
ROOSEVELT FINANCIAL COM 776493108 6300 400000 SH DEFINED 0106 400000
ROOSEVELT FINANCIAL COM 776493108 2048 130000 SH DEFINED 011619 130000
ROOSEVELT FINANCIAL COM 776493108 2363 150000 SH DEFINED 011620 150000
ROOSEVELT FINANCIAL COM 776493108 3938 250000 SH DEFINED 011614 250000
ROWAN COMPANIES INC COM 779382100 129 19800 SH DEFINED 0125 19800
ROWAN COMPANIES INC COM 779382100 18 2700 SH DEFINED 0102 2700
ROWAN COMPANIES INC COM 779382100 82 12632 SH DEFINED 0103 12632
<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
PRICE ROWE INT'L FD COM 77956H203 3 300 SH DEFINED 01 300
ROYAL DUTCH PETE NEW COM 780257705 30000 250000 SH DEFINED 0130 250000
ROYAL DUTCH PETE NEW COM 780257705 4800 40000 SH DEFINED 0108 40000
ROYAL DUTCH PETE NEW COM 780257705 88800 740000 SH DEFINED 0126 740000
ROYAL DUTCH PETE NEW COM 780257705 24000 200000 SH DEFINED 0113 200000
ROYAL DUTCH PETE NEW COM 780257705 30000 250000 SH DEFINED 0111 250000
ROYAL DUTCH PETE NEW COM 780257705 6408 53400 SH DEFINED 0125 53400
ROYAL DUTCH PETE NEW COM 780257705 15600 130000 SH DEFINED 0107 130000
ROYAL DUTCH PETE NEW COM 780257705 5076 42300 SH DEFINED 011622 42300
ROYAL DUTCH PETE NEW COM 780257705 11280 94000 SH DEFINED 011623 94000
ROYAL DUTCH PETE NEW COM 780257705 13200 110000 SH DEFINED 011516 110000
ROYAL DUTCH PETE NEW COM 780257705 36000 300000 SH DEFINED 011618 300000
ROYAL DUTCH PETE NEW COM 780257705 92559 771354 SH DEFINED 0102 226860 544494
ROYAL DUTCH PETE NEW COM 780257705 18000 150000 SH DEFINED 0131 150000
ROYAL DUTCH PETE NEW COM 780257705 7799 64992 SH DEFINED 0103 9900 55092
ROYAL DUTCH PETE NEW COM 780257705 7692 64100 SH DEFINED 01 64100
RUBBERMAID COM 781088109 10725 325000 SH DEFINED 0108 325000
RUBBERMAID COM 781088109 262 7927 SH DEFINED 0103 7927
RUSSELL CORP COM 782352108 57 1910 SH DEFINED 0103 1910
RYANS FAMILY STEAK COM 783519101 4725 700000 SH DEFINED 0128 700000
RYANS FAMILY STEAK COM 783519101 18 2620 SH DEFINED 0103 2620
RYDER SYSTEM COM 783549108 93 3863 SH DEFINED 0103 3863
SCE CORP COM 783882103 11719 750000 SH DEFINED 0113 750000
SCE CORP COM 783882103 6250 400000 SH DEFINED 0132 400000
SCE CORP COM 783882103 817 52300 SH DEFINED 0125 52300
SCE CORP COM 783882103 9375 600000 SH DEFINED 011618 600000
SCE CORP COM 783882103 113 7200 SH DEFINED 0102 7200
SCE CORP COM 783882103 13281 850000 SH DEFINED 0131 850000
SCE CORP COM 783882103 1133 72463 SH DEFINED 0103 72463
SERVICE CORP $50 CONV PFD STOCK 783888209 16613 300000 SH DEFINED 0130 300000
SERVICE CORP $50 CONV PFD STOCK 783888209 10521 190000 SH DEFINED 0107 190000
SPX CORP COM 784635104 9 637 SH DEFINED 0103 637
SABER SOFTWARE COM 785162108 4569 425000 SH DEFINED 011516 425000
SAFECO CORP COM 786429100 169 3090 SH DEFINED 0103 3090
SAFETY-KLEEN COM 786484105 51 2833 SH DEFINED 0103 2833
ST JOHN KNITS INC COM 790289102 7300 200000 SH DEFINED 0111 200000
ST JUDE MEDICAL COM 790849103 99 2280 SH DEFINED 0103 2280
ST PAUL COMPANIES COM 792860108 25000 500000 SH DEFINED 0113 500000
ST PAUL COMPANIES COM 792860108 6000 120000 SH DEFINED 0107 120000
ST PAUL COMPANIES COM 792860108 15000 300000 SH DEFINED 0131 300000
ST PAUL COMPANIES COM 792860108 3143 62868 SH DEFINED 0103 62868
SALOMON INC. COM 79549B107 205 6065 SH DEFINED 0103 6065
SALOMON ELK 2 3019 CONV PFD STOCK 79549B412 3938 100000 SH DEFINED 011516 100000
SALOMON ELK 2 3019 CONV PFD STOCK 79549B412 3938 100000 SH DEFINED 011618 100000
SBH-HEWLETT ELK76 37 CONV PFD STOCK 79549B446 9175 100000 SH DEFINED 011618 100000
SBH/AMGEN EQ LKD CONV PFD STOCK 79549B453 3782 65000 SH DEFINED 0128 65000
SBH/AMGEN EQ LKD CONV PFD STOCK 79549B453 7273 125000 SH DEFINED 0107 125000
SBH/AMGEN EQ LKD CONV PFD STOCK 79549B453 12219 210000 SH DEFINED 011516 210000
SANMINA CORP COM 800907107 6500 200000 SH DEFINED 0106 200000
SANMINA CORP COM 800907107 1950 60000 SH DEFINED 011619 60000
<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
SANMINA CORP COM 800907107 975 30000 SH DEFINED 011620 30000
SANMINA CORP COM 800907107 4063 125000 SH DEFINED 011614 125000
SANIFILL INC COM 801018102 1231 50000 SH DEFINED 011619 50000
SANIFILL INC COM 801018102 5582 226700 SH DEFINED 011614 226700
SANIFILL INC COM 801018102 13268 538900 SH DEFINED 0102 538900
SANIFILL INC COM 801018102 384 15600 SH DEFINED 0103 15600
SANTA BARB S & L 9% CONV BOND 801380AH9 24 400000 PRN DEFINED 0102 400000
SANTA FE ENERGY RES COM 802012104 42 4414 SH DEFINED 0103 4414
SANTA FE PAC GOLD CO COM 802176107 22725 1800000 SH DEFINED 0130 1800000
SANTA FE PAC GOLD CO COM 802176107 2525 200000 SH DEFINED 0127 200000
SANTA FE PAC GOLD CO COM 802176107 81 6442 SH DEFINED 0103 6442
SANTA FE PACIFIC COR COM 802183103 211 9171 SH DEFINED 0103 9171
SARA LEE CORP COM 803111103 178 6800 SH DEFINED 0102 6800
SARA LEE CORP COM 803111103 617 23599 SH DEFINED 0103 23599
SARA LEE CORP COM 803111103 653 25000 SH DEFINED 01 25000
SCANA CORP COM 805898103 4480 107300 SH DEFINED 0132 107300
SCEPTRE RESOURCES LT COM 806214706 3689 536635 SH DEFINED 01 536635
SCHERER (R.P.)/DE COM 806528105 5779 115000 SH DEFINED 011614 115000
SCHERER (R.P.)/DE COM 806528105 11601 230900 SH DEFINED 0102 230900
SCHERER (R.P.)/DE COM 806528105 4472 89000 SH DEFINED 0131 89000
SCHERER (R.P.)/DE COM 806528105 623 12400 SH DEFINED 0103 12400
SCHERING PLOUGH COM 806605101 24172 325000 SH DEFINED 0130 325000
SCHERING PLOUGH COM 806605101 46113 620000 SH DEFINED 0126 620000
SCHERING PLOUGH COM 806605101 7438 100000 SH DEFINED 011618 100000
SCHERING PLOUGH COM 806605101 483 6500 SH DEFINED 011620 6500
SCHERING PLOUGH COM 806605101 56622 761315 SH DEFINED 0102 298600 462715
SCHERING PLOUGH COM 806605101 694 9335 SH DEFINED 0103 9335
SCHLUMBERGER LTD COM 806857108 26831 450000 SH DEFINED 0130 450000
SCHLUMBERGER LTD COM 806857108 9540 160000 SH DEFINED 0126 160000
SCHLUMBERGER LTD COM 806857108 17888 300000 SH DEFINED 0111 300000
SCHLUMBERGER LTD COM 806857108 712 11938 SH DEFINED 0103 11938
SCHLUMBERGER LTD COM 806857108 4174 70000 SH DEFINED 01 70000
SCHOLASTIC CORP COM 807066105 13625 250000 SH DEFINED 011516 250000
SCHULMAN (A.) INC COM 808194104 37 1200 SH DEFINED 0102 1200
SCHULMAN (A.) INC COM 808194104 599 19650 SH DEFINED 0103 19650
SCIENTIFIC ATLANTA COM 808655104 11688 500000 SH DEFINED 0126 500000
SCIENTIFIC ATLANTA COM 808655104 14025 600000 SH DEFINED 0111 600000
SCIENTIFIC ATLANTA COM 808655104 25713 1100000 SH DEFINED 0124 1100000
SCIENTIFIC ATLANTA COM 808655104 2338 100000 SH DEFINED 011622 100000
SCIENTIFIC ATLANTA COM 808655104 5844 250000 SH DEFINED 011623 250000
SCIENTIFIC ATLANTA COM 808655104 15194 650000 SH DEFINED 011618 650000
SCIENTIFIC ATLANTA COM 808655104 1753 75000 SH DEFINED 011619 75000
SCIENTIFIC ATLANTA COM 808655104 160 6800 SH DEFINED 0102 6800
SCIENTIFIC ATLANTA COM 808655104 8149 348600 SH DEFINED 0131 348600
SCIENTIFIC ATLANTA COM 808655104 482 20620 SH DEFINED 0103 16900 3720
SCIENTIFIC GAMES HLD COM 808747109 1141 55000 SH DEFINED 011619 55000
SCOTT PAPER COM 809877103 330 3689 SH DEFINED 0103 3689
SCOTTS CO CLA COM 810186106 3296 180000 SH DEFINED 0128 180000
SEAGRAM LTD COM 811850106 580 18267 SH DEFINED 0103 18267
SEARS ROEBUCK & CO COM 812387108 25353 475000 SH DEFINED 0113 475000
<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
SEARS ROEBUCK & CO COM 812387108 363 6800 SH DEFINED 0125 6800
SEARS ROEBUCK & CO COM 812387108 8807 165000 SH DEFINED 0107 165000
SEARS ROEBUCK & CO COM 812387108 56028 1049740 SH DEFINED 0102 348800 700940
SEARS ROEBUCK & CO COM 812387108 17881 335000 SH DEFINED 0131 335000
SEARS ROEBUCK & CO COM 812387108 2228 41746 SH DEFINED 0103 8200 33546
SEARS ROEBUCK & CO COM 812387108 6881 128910 SH DEFINED 01 128910
SEATRAIN LINES COM 812557205 19 621353 SH DEFINED 0102 621353
2ND GLASTONBURY PROP COM 813200995 0 99 SH DEFINED 0102 99
SECURITY PACIFIC TRT CONV PFD STOCK 814141206 3088 136500 SH DEFINED 0104 136500
SECURITY PACIFIC TRT CONV PFD STOCK 814141206 1663 73500 SH DEFINED 011621 73500
SENSORMATIC ELECT COM 817265101 10433 372600 SH DEFINED 0126 372600
SENSORMATIC ELECT COM 817265101 5070 181050 SH DEFINED 0102 181050
SENSORMATIC ELECT COM 817265101 1859 66400 SH DEFINED 0131 66400
SENSORMATIC ELECT COM 817265101 129 4600 SH DEFINED 0103 4600
SERVICE CORP INT'L CONV BOND 817565AD6 16560 12000000 PRN DEFINED 011516 12000000
SERVICE CORP INTL COM 817565104 11200 400000 SH DEFINED 0130 400000
SERVICE CORP INTL COM 817565104 2265 80900 SH DEFINED 0125 80900
SERVICE CORP INTL COM 817565104 13160 470000 SH DEFINED 011516 470000
SERVICE CORP INTL COM 817565104 336 12000 SH DEFINED 011620 12000
SERVICE CORP INTL COM 817565104 328 11700 SH DEFINED 0102 11700
SERVICE CORP INTL COM 817565104 5603 200100 SH DEFINED 0131 200100
SERVICE CORP INTL COM 817565104 1519 54252 SH DEFINED 0103 14100 40152
SERVICE MASTER LTD COM 817615107 1188 50000 SH DEFINED 011618 50000
SHANDONG HUANENG ADS COM 819419102 5400 600000 SH DEFINED 0113 600000
SHANDONG HUANENG ADS COM 819419102 2250 250000 SH DEFINED 0124 250000
SHANDONG HUANENG ADS COM 819419102 5760 640000 SH DEFINED 0131 640000
SHARED MED SYSTEMS COM 819486101 41 1125 SH DEFINED 0103 1125
SHAWMUT NATIONAL COM 820484103 156 5901 SH DEFINED 0103 5901
SHERWIN WILLIAMS COM 824348106 12703 375000 SH DEFINED 0108 375000
SHERWIN WILLIAMS COM 824348106 42483 1254050 SH DEFINED 0102 486290 767760
SHERWIN WILLIAMS COM 824348106 178 5240 SH DEFINED 0103 5240
SHERWIN WILLIAMS COM 824348106 237 7000 SH DEFINED 01 7000
SHINAWATRA COMP ADR COM 824557102 26 2395 SH DEFINED 01 2395
SHOPKO STORES COM 824911101 10763 1050000 SH DEFINED 0113 1050000
SHOLODGE INC CONV BOND 825034AA9 5190 6000000 PRN DEFINED 0107 6000000
SHONEYS INC COM 825039100 22 2020 SH DEFINED 0103 2020
SIEBE ADR COM 826166209 367 20915 SH DEFINED 01 20915
SIERRA HEALTH SERVIC COM 826322109 1315 40000 SH DEFINED 011619 40000
SIERRA ON-LINE INC COM 826409104 2090 95000 SH DEFINED 011619 95000
SIERRA ON-LINE INC COM 826409104 5865 266600 SH DEFINED 011614 266600
SIERRA PACIFIC RES COM 826425100 2378 120400 SH DEFINED 0128 120400
SIGMA-ALDRICH COM 826552101 20344 525000 SH DEFINED 011516 525000
SIGMA-ALDRICH COM 826552101 95 2444 SH DEFINED 0103 2444
SIGNET BANKING CORP COM 826681108 10188 500000 SH DEFINED 0130 500000
SIGNET BANKING CORP COM 826681108 59 2883 SH DEFINED 0102 2883
SIL GR PT 11/98 144A CONV BOND 827056AB8 11800 20000000 PRN DEFINED 011618 20000000
SILICON GRAPHICS INC COM 827056102 28400 800000 SH DEFINED 0126 800000
SILICON GRAPHICS INC COM 827056102 6213 175000 SH DEFINED 0106 175000
SILICON GRAPHICS INC COM 827056102 10295 290000 SH DEFINED 011614 290000
SILICON GRAPHICS INC COM 827056102 29302 825400 SH DEFINED 0102 825400
<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
SILICON GRAPHICS INC COM 827056102 5325 150000 SH DEFINED 0131 150000
SILICON GRAPHICS INC COM 827056102 1167 32852 SH DEFINED 0103 25900 6952
SIMON PROP COM 828805101 13406 550000 SH DEFINED 0113 550000
SIMON PROP COM 828805101 2438 100000 SH DEFINED 0132 100000
SINGER CO COM 82930F109 14100 600000 SH DEFINED 011618 600000
SIZELER PROPERTY INV COM 830137105 2853 275000 SH DEFINED 0132 275000
SIZELER PROPERTY INV COM 830137105 2594 250000 SH DEFINED 0107 250000
SIZELER PROPERTY INV COM 830137105 3901 376000 SH DEFINED 01 376000
SKYLINE COM 830830105 9 530 SH DEFINED 0103 530
SMITHKLN BCHM EQ UNT COM 832378400 10500 280000 SH DEFINED 0107 280000
SMITHKLN BCHM EQ UNT COM 832378400 15563 415000 SH DEFINED 0131 415000
SMITHKLN BCHM EQ UNT COM 832378400 506 13500 SH DEFINED 0103 13500
SNAP ON INC COM 833034101 77 2102 SH DEFINED 0103 2102
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 7525 350000 SH DEFINED 011516 350000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 1828 85000 SH DEFINED 011620 85000
SNYDER OIL CORP $25 CONV PFD STOCK 833482409 3376 157000 SH DEFINED 01 157000
SOFTBRIDGE MICRO SYS COM 834020992 135 13500 SH DEFINED 01 13500
SOLA INTL COM 834092108 3492 162400 SH DEFINED 0102 162400
SOLA INTL COM 834092108 92 4300 SH DEFINED 0103 4300
SOLECTRON CORP COM 834182107 8775 300000 SH DEFINED 0130 300000
SOLECTRON CORP COM 834182107 10238 350000 SH DEFINED 0108 350000
SOLECTRON CORP COM 834182107 3656 125000 SH DEFINED 0128 125000
SOLECTRON CORP COM 834182107 14625 500000 SH DEFINED 0111 500000
SOLECTRON CORP COM 834182107 2340 80000 SH DEFINED 011622 80000
SOLECTRON CORP COM 834182107 4680 160000 SH DEFINED 011623 160000
SOLECTRON CORP COM 834182107 519 17718 SH DEFINED 0102 17718
SOLECTRON CORP COM 834182107 5850 200000 SH DEFINED 01 200000
SONAT INC COM 835415100 128 4278 SH DEFINED 0103 4278
SONOCO PRODUCTS $50 CONV PFD STOCK 835495201 2688 51200 SH DEFINED 0129 51200
SONOCO PRODUCTS $50 CONV PFD STOCK 835495201 4841 92200 SH DEFINED 0104 92200
SONOCO PRODUCTS $50 CONV PFD STOCK 835495201 7875 150000 SH DEFINED 0107 150000
SONOCO PRODUCTS $50 CONV PFD STOCK 835495201 2604 49600 SH DEFINED 011621 49600
SONY CORP ADRS COM 835699307 28 580 SH DEFINED 01 580
SOUTH WEST PRPRTY TR COM 840649107 2100 175000 SH DEFINED 0132 175000
SOUTH WEST PRPRTY TR COM 840649107 3960 330000 SH DEFINED 0107 330000
SOUTH WEST PRPRTY TR COM 840649107 1440 120000 SH DEFINED 011618 120000
SW PRPRTY RTS4-10-95 COM 840649990 0 175000 SH DEFINED 0132 175000
SW PRPRTY RTS4-10-95 COM 840649990 0 330000 SH DEFINED 0107 330000
SW PRPRTY RTS4-10-95 COM 840649990 0 120000 SH DEFINED 011618 120000
SOUTHDOWN WARRANTS WARRANT 841297997 120 40000 SH DEFINED 0104 40000
SOUTHDOWN WARRANTS WARRANT 841297997 150 50000 SH DEFINED 0109 50000
SOUTHDOWN WARRANTS WARRANT 841297997 90 30000 SH DEFINED 011621 30000
SO CA EDISON $100 PREFERRED STOCK 842400780 15568 157250 SH DEFINED 0105 157250
SO CA EDISON $100 PREFERRED STOCK 842400780 4802 48500 SH DEFINED 01 48500
SO CA EDISON $100 PREFERRED STOCK 842400780 1980 20000 SH DEFINED 01 20000
SO CA EDISON $100 PREFERRED STOCK 842400780 495 5000 SH DEFINED 0116 5000
SOUTHERN CO. COM 842587107 6113 300000 SH DEFINED 0132 300000
SOUTHERN CO. COM 842587107 6520 320000 SH DEFINED 0107 320000
SOUTHERN CO. COM 842587107 558 27400 SH DEFINED 0102 27400
SOUTHERN CO. COM 842587107 653 32047 SH DEFINED 0103 32047
<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
SO INDIANA G&E 100 PREFERRED STOCK 843169996 6963 75000 SH DEFINED 0105 75000
SOUTHERN NATIONAL CO COM 843444100 4323 217500 SH DEFINED 0128 217500
SOUTHERN NATIONAL CO COM 843444100 5963 300000 SH DEFINED 0106 300000
SOUTHERN NATIONAL CO COM 843444100 8934 449500 SH DEFINED 0131 449500
SOUTHERN NATIONAL CO COM 843444100 346 17400 SH DEFINED 0103 17400
SOUTHWEST AIRLINES COM 844741108 13406 750000 SH DEFINED 0124 750000
SOUTHWEST AIRLINES COM 844741108 21450 1200000 SH DEFINED 011516 1200000
SOUTHWEST AIRLINES COM 844741108 126 7022 SH DEFINED 0103 7022
SBC COMMUNICATIONS COM 845333103 1239 29410 SH DEFINED 0103 29410
SOUTHWESTERN PUBLIC COM 845743103 5575 200000 SH DEFINED 0132 200000
SPECIALTY FOODS ACQ COM 847498102 750 300000 SH DEFINED 0109 300000
SPECIALTY FOODS ACQ COM 847498102 38 15000 SH DEFINED 011621 15000
SPELLING ENTERTNMT G COM 847807104 6150 600000 SH DEFINED 0124 600000
SPRINGS INDS INC COM 851783100 32 863 SH DEFINED 0103 863
SPRINT CORP COM 852061100 517 17093 SH DEFINED 0103 17093
SPRINT CORP COM 852061100 303 10000 SH DEFINED 01 10000
STABLE CAPITAL FUND COM 852300987 837335 74983080 SH DEFINED 0103 1476753 73506327
STACIA VENTURES COM 85233E109 0 1000 SH DEFINED 0102 1000
STANDARD MICROSYSTEM COM 853626109 488 30000 SH DEFINED 011619 30000
STANLEY WORKS THE COM 854616109 21656 550000 SH DEFINED 0113 550000
STANLEY WORKS THE COM 854616109 87 2197 SH DEFINED 0103 2197
STARBUCKS COM 855244109 5263 219300 SH DEFINED 0102 219300
STARBUCKS COM 855244109 4726 196900 SH DEFINED 0131 196900
STARBUCKS COM 855244109 343 14300 SH DEFINED 0103 14300
STATE OF THE ART INC COM 857307102 960 80000 SH DEFINED 011619 80000
STATE STREET BOSTON COM 857473102 25500 800000 SH DEFINED 0130 800000
STATE STREET BOSTON COM 857473102 25500 800000 SH DEFINED 0126 800000
STATE STREET BOSTON COM 857473102 65344 2050000 SH DEFINED 011516 2050000
STEINROE CAPITAL OPP COM 857908602 73 2071 SH DEFINED 0102 2071
STEINROE SPECIAL FD COM 857908701 101 4480 SH DEFINED 0102 4480
STERIS CORP COM 859152100 8000 200000 SH DEFINED 011614 200000
STERIS CORP COM 859152100 6820 170500 SH DEFINED 0102 170500
STERIS CORP COM 859152100 168 4200 SH DEFINED 0103 4200
STERLING SOFTWARE IN COM 859547101 8719 250000 SH DEFINED 0130 250000
STERLING SOFTWARE IN COM 859547101 6103 175000 SH DEFINED 0106 175000
STERLING SOFTWARE IN COM 859547101 1046 30000 SH DEFINED 011619 30000
STERLING SOFTWARE IN COM 859547101 872 25000 SH DEFINED 011620 25000
STERLING SOFTWARE IN COM 859547101 6103 175000 SH DEFINED 011614 175000
STERLING SOFTWARE IN COM 859547101 458 13137 SH DEFINED 0102 13137
STEWART & STEVENSON COM 860342104 28200 800000 SH DEFINED 0130 800000
STEWART & STEVENSON COM 860342104 3525 100000 SH DEFINED 0106 100000
STEWART & STEVENSON COM 860342104 16215 460000 SH DEFINED 011516 460000
STEWART & STEVENSON COM 860342104 24675 700000 SH DEFINED 011618 700000
STEWART & STEVENSON COM 860342104 2291 65000 SH DEFINED 011620 65000
STEWART & STEVENSON COM 860342104 12656 359020 SH DEFINED 0102 90700 268320
STEWART & STEVENSON COM 860342104 331 9400 SH DEFINED 0103 9400
STEWART & STEVENSON COM 860342104 7221 204846 SH DEFINED 01 193846 11000
STEWART ENTERPRISES COM 860370105 21600 800000 SH DEFINED 011516 800000
STEWART ENTERPRISES COM 860370105 1215 45000 SH DEFINED 011619 45000
STILLWATER MINING COM 860490994 3026 170454 SH DEFINED 0127 170454
<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
STILLWATER MINING CO COM 86074Q102 889 50100 SH DEFINED 0106 50100
STILLWATER MINING CO COM 86074Q102 9051 509900 SH DEFINED 0124 509900
STONE CONTAINER COM 861589109 668 29200 SH DEFINED 0125 29200
STONE CONTAINER COM 861589109 7434 325000 SH DEFINED 011516 325000
STONE CONTAINER COM 861589109 5719 250000 SH DEFINED 011614 250000
STONE CONTAINER COM 861589109 5423 237000 SH DEFINED 0102 237000
STONE CONTAINER COM 861589109 389 17033 SH DEFINED 0103 17033
STONE CONTAINER COM 861589109 110 4800 SH DEFINED 01 4800
STORAGE USA COM 861907103 5388 185000 SH DEFINED 0107 185000
STRATACOM INC COM 862683109 3440 80000 SH DEFINED 011614 80000
STRATACOM INC COM 862683109 6422 149300 SH DEFINED 0102 149300
STRATACOM INC COM 862683109 159 3700 SH DEFINED 0103 3700
STRIDE RITE CORP COM 863314100 31 2429 SH DEFINED 0103 2429
STRYKER CORP COM 863667101 18300 400000 SH DEFINED 0111 400000
STRYKER CORP COM 863667101 43463 950000 SH DEFINED 011516 950000
STRYKER CORP COM 863667101 2631 57500 SH DEFINED 0131 57500
SLMA NON/VTG COM 863871505 24413 700000 SH DEFINED 0130 700000
SLMA NON/VTG COM 863871505 17438 500000 SH DEFINED 0113 500000
SLMA NON/VTG COM 863871505 399 11450 SH DEFINED 0102 11450
SLMA NON/VTG COM 863871505 9591 275000 SH DEFINED 0131 275000
SLMA NON/VTG COM 863871505 405 11600 SH DEFINED 0103 11600
STUDENT LOAN CORP COM 863902102 7275 300000 SH DEFINED 011516 300000
SUMMIT PROPERTIES COM 866239106 3300 200000 SH DEFINED 0132 200000
SUMMIT PROPERTIES COM 866239106 3300 200000 SH DEFINED 0107 200000
SUMMIT PROPERTIES COM 866239106 2805 170000 SH DEFINED 011618 170000
SUN COMMUNITIES INC COM 866674104 4050 180000 SH DEFINED 0128 180000
SUN COMMUNITIES INC COM 866674104 4388 195000 SH DEFINED 0107 195000
SUN COM 866762107 149 5242 SH DEFINED 0103 5242
SUN MICROSYSTEMS INC COM 866810104 162 4651 SH DEFINED 0103 4651
SUN AMERICA COM 866930100 13013 300000 SH DEFINED 0111 300000
SUN AMERICA COM 866930100 129 3000 SH DEFINED 0102 3000
SUN HEALTHCARE GROUP COM 866933104 1275 50000 SH DEFINED 011619 50000
SUN HEALTHCARE GROUP COM 866933104 5100 200000 SH DEFINED 011614 200000
SUNBEAM-OSTER INC COM 867071102 135 5889 SH DEFINED 0103 5889
SUNDSTRAND CORP COM 867323107 13193 261900 SH DEFINED 011516 261900
SUNRISE MEDICAL COM 867910101 6475 181107 SH DEFINED 0103 181107
SUNTRUST BANKS INC COM 867914103 309 5784 SH DEFINED 0103 5784
SUPERVALU INC COM 868536103 18725 700000 SH DEFINED 0113 700000
SUPERVALU INC COM 868536103 94 3506 SH DEFINED 0103 3506
SURGICAL CARE AFFILI COM 868818105 1279 55000 SH DEFINED 011619 55000
SURGICAL CARE AFFILI COM 868818105 10811 465000 SH DEFINED 011614 465000
SURGICAL CARE AFFILI COM 868818105 19538 840400 SH DEFINED 0102 840400
SURGICAL CARE AFFILI COM 868818105 486 20900 SH DEFINED 0103 20900
SWIFT TRANSPORTATION COM 870756103 2725 175800 SH DEFINED 0102 175800
SWIFT TRANSPORTATION COM 870756103 65 4200 SH DEFINED 0103 4200
SYBASE SOFTWARE COM 871130100 12000 300000 SH DEFINED 0126 300000
SYBASE SOFTWARE COM 871130100 8000 200000 SH DEFINED 0106 200000
SYBASE SOFTWARE COM 871130100 1000 25000 SH DEFINED 011619 25000
SYBASE SOFTWARE COM 871130100 5200 130000 SH DEFINED 011614 130000
SYBASE SOFTWARE COM 871130100 35677 891890 SH DEFINED 0102 144400 747490
<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
SYBASE SOFTWARE COM 871130100 13572 339300 SH DEFINED 0131 339300
SYBASE SOFTWARE COM 871130100 1630 40730 SH DEFINED 0103 40730
SYBASE SOFTWARE COM 871130100 6534 163360 SH DEFINED 01 163360
SYBRON CORP COM 87114F106 1260 35000 SH DEFINED 011619 35000
SYBRON CORP COM 87114F106 11793 327600 SH DEFINED 0102 327600
SYBRON CORP COM 87114F106 1948 54103 SH DEFINED 0103 8300 45803
SYMBOL TECHNOLOGIES COM 871508107 8456 275000 SH DEFINED 0106 275000
SYMBOL TECHNOLOGIES COM 871508107 2912 94700 SH DEFINED 01 94700
SYNOPSYS INC COM 871607107 1194 25000 SH DEFINED 011619 25000
SYNOPSYS INC COM 871607107 5730 120000 SH DEFINED 011614 120000
SYNOPSYS INC COM 871607107 5626 117800 SH DEFINED 0102 117800
SYNOPSYS INC COM 871607107 6150 128800 SH DEFINED 0131 128800
SYNOPSYS INC COM 871607107 472 9900 SH DEFINED 0103 9900
SYNOPTICS COMM 144A CONV BOND 871609AA1 17400 20000000 PRN DEFINED 0130 20000000
SYSCO CORPORATION COM 871829107 8794 335000 SH DEFINED 0108 335000
SYSCO CORPORATION COM 871829107 13125 500000 SH DEFINED 011516 500000
SYSCO CORPORATION COM 871829107 236 8984 SH DEFINED 0103 8984
SYSTEM SOFTWARE ASSC COM 871839106 5625 225000 SH DEFINED 0106 225000
SYSTEMED COM 871853107 3313 465000 SH DEFINED 011516 465000
TIG HOLDINGS COM 872469101 7313 325000 SH DEFINED 0108 325000
TIG HOLDINGS COM 872469101 11250 500000 SH DEFINED 0124 500000
TJX COS COM 872540109 16406 1250000 SH DEFINED 0113 1250000
TJX COS COM 872540109 5184 395000 SH DEFINED 0107 395000
TJX COS COM 872540109 401 30603 SH DEFINED 0103 30603
TNT FREIGHTWAYS COM 87259J103 6531 275000 SH DEFINED 0106 275000
TRW COM 872649108 219 3182 SH DEFINED 0103 3182
TSL HOLDINGS INC COM 872918107 0 15 SH DEFINED 0102 15
TAMBRANDS INC COM 875080103 6917 155000 SH DEFINED 011516 155000
TANDEM COMPUTERS COM 875370108 88 5651 SH DEFINED 0103 5651
TANDY CORP COM 875382103 144 3022 SH DEFINED 0103 3022
TARGET THERAPEUTICS COM 875919102 5475 150000 SH DEFINED 011614 150000
TATA ENG&LOCO GDR COM 876568106 11603 714000 SH DEFINED 0124 714000
TAUBMAN CENTERS INC COM 876664103 8181 850000 SH DEFINED 0113 850000
TECH DATA CORP COM 878237106 4100 400000 SH DEFINED 0108 400000
TECH DATA CORP COM 878237106 7431 725000 SH DEFINED 0106 725000
TECNOL MEDICAL PRODU COM 878755107 1330 70000 SH DEFINED 011619 70000
TEKTRONIX COM 879131100 60 1500 SH DEFINED 0103 1500
TELE-COMMUNICATION A COM 87924V101 10500 500000 SH DEFINED 0130 500000
TELE-COMMUNICATION A COM 87924V101 21000 1000000 SH DEFINED 0126 1000000
TELE-COMMUNICATION A COM 87924V101 10500 500000 SH DEFINED 0111 500000
TELE-COMMUNICATION A COM 87924V101 460 21900 SH DEFINED 0125 21900
TELE-COMMUNICATION A COM 87924V101 63000 3000000 SH DEFINED 011516 3000000
TELE-COMMUNICATION A COM 87924V101 23100 1100000 SH DEFINED 011618 1100000
TELE-COMMUNICATION A COM 87924V101 693 33000 SH DEFINED 011620 33000
TELE-COMMUNICATION A COM 87924V101 22176 1056146 SH DEFINED 0102 208400 847746
TELE-COMMUNICATION A COM 87924V101 3780 180000 SH DEFINED 0131 180000
TELE-COMMUNICATION A COM 87924V101 1273 60610 SH DEFINED 0103 23200 37410
TELE-COMMUNICATION A COM 87924V101 945 45000 SH DEFINED 01 45000
TELE DANMARK ADS COM 879242105 5433 205000 SH DEFINED 0132 205000
TELE DANMARK ADS COM 879242105 13913 525000 SH DEFINED 0124 525000
<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
TELE DANMARK ADS COM 879242105 13648 515000 SH DEFINED 0107 515000
TELE DANMARK ADS COM 879242105 10600 400000 SH DEFINED 011618 400000
TELE DANMARK ADS COM 879242105 11 400 SH DEFINED 0102 400
TELE DANMARK ADS COM 879242105 4110 155100 SH DEFINED 0131 155100
TELE DANMARK ADS COM 879242105 204 7700 SH DEFINED 0103 7700
TELEBIT COM 87926F104 613 100000 SH DEFINED 011619 100000
TELEDYNE COM 879335107 71 2720 SH DEFINED 0103 2720
TELEFLEX INC COM 879369106 12075 300000 SH DEFINED 0108 300000
TELEFONICA DE ARGENT COM 879378206 4101 170000 SH DEFINED 0112 170000
TELEFONICA DE ARGENT COM 879378206 4343 180000 SH DEFINED 011617 180000
TELEFONICA DE ESPANA COM 879382208 13125 350000 SH DEFINED 0124 350000
TELEFONOS DE MEXICO COM 879403400 1 1000 SH DEFINED 01 1000
TELEFONOS DE MEXICO COM 879403780 14250 500000 SH DEFINED 0124 500000
TELEFONOS DE MEXICO COM 879403780 5261 184600 SH DEFINED 0112 184600
TELEFONOS DE MEXICO COM 879403780 22800 800000 SH DEFINED 011516 800000
TELEFONOS DE MEXICO COM 879403780 6045 212100 SH DEFINED 011617 212100
TELEFONOS DE MEXICO COM 879403780 6 200 SH DEFINED 0102 200
TELEFONOS DE MEXICO COM 879403780 7068 248000 SH DEFINED 01 12000 236000
TELEWEST COM 87956P105 2053 75000 SH DEFINED 0132 75000
TELEWEST COM 87956P105 8213 300000 SH DEFINED 0124 300000
TELEWEST COM 87956P105 11 400 SH DEFINED 0102 400
TELEWEST COM 87956P105 1681 61400 SH DEFINED 0131 61400
TELEWEST COM 87956P105 156 5700 SH DEFINED 0103 5700
TELLABS COM 879664100 17475 300000 SH DEFINED 0126 300000
TELLABS COM 879664100 8738 150000 SH DEFINED 0106 150000
TELLABS COM 879664100 31746 545000 SH DEFINED 0111 545000
TELLABS COM 879664100 4369 75000 SH DEFINED 011622 75000
TELLABS COM 879664100 8738 150000 SH DEFINED 011623 150000
TELLABS COM 879664100 14563 250000 SH DEFINED 011614 250000
TELLABS COM 879664100 29271 502500 SH DEFINED 0102 502500
TELLABS COM 879664100 10351 177700 SH DEFINED 0131 177700
TELLABS COM 879664100 1532 26300 SH DEFINED 0103 26300
TEMPEST REINS PRIVAT COM 8798009A0 8824 80000 SH DEFINED 0108 80000
TEMPEST REINS PRIVAT COM 8798009A0 3309 30000 SH DEFINED 0128 30000
TEMPEST REINS PRIVAT COM 8798009A0 8824 80000 SH DEFINED 0124 80000
TEMPEST REINS PRIVAT COM 8798009A0 8493 77000 SH DEFINED 0131 77000
TEMPEST REINS PRIVAT COM 8798009A0 331 3000 SH DEFINED 0103 3000
TEMPLE INLAND COM 879868107 123 2739 SH DEFINED 0103 2739
TENCOR INSTRUMENTS COM 880323100 1778 30000 SH DEFINED 011619 30000
TENNECO INC COM 880370101 23563 500000 SH DEFINED 0130 500000
TENNECO INC COM 880370101 27097 575000 SH DEFINED 0113 575000
TENNECO INC COM 880370101 4002 84917 SH DEFINED 0132 84917
TENNECO INC COM 880370101 11546 245000 SH DEFINED 0107 245000
TENNECO INC COM 880370101 17672 375000 SH DEFINED 0131 375000
TENNECO INC COM 880370101 1079 22897 SH DEFINED 0103 22897
TENNECO INC COM 880370101 13858 294056 SH DEFINED 01 125192 168864
TENNECO SRS B $100 PREFERRED STOCK 880370721 5733 56904 SH DEFINED 0105 56904
TENNECO SRS B $100 PREFERRED STOCK 880370721 1163 11540 SH DEFINED 01 11540
TENNECO SRS B $100 PREFERRED STOCK 880370721 291 2886 SH DEFINED 01 2886
TERADYNE INC COM 880770102 29050 700000 SH DEFINED 0126 700000
<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
TERADYNE INC COM 880770102 2299 55400 SH DEFINED 011614 55400
TERADYNE INC COM 880770102 10466 252200 SH DEFINED 0102 252200
TERADYNE INC COM 880770102 203 4900 SH DEFINED 0103 4900
TERRA INDUSTRIES INC COM 880915103 578 53170 SH DEFINED 0102 53170
TETRA TECH INC COM 88162G103 878 45000 SH DEFINED 011619 45000
TEVA PHARM INDS -AD COM 881624209 6025 200000 SH DEFINED 0111 200000
TEVA PHARM INDS -AD COM 881624209 1205 40000 SH DEFINED 011622 40000
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TEVA PHARM INDS -AD COM 881624209 1506 50000 SH DEFINED 011619 50000
TEVA PHARM INDS -AD COM 881624209 5121 170000 SH DEFINED 011614 170000
TEVA PHARM INDS -AD COM 881624209 603 20000 SH DEFINED 01 20000
TEXACO COM 881694103 14963 225000 SH DEFINED 0113 225000
TEXACO COM 881694103 846 12726 SH DEFINED 0103 12726
TEXACO COM 881694103 2328 35000 SH DEFINED 01 35000
TEXAS INSTRUMENTS COM 882508104 668 7550 SH DEFINED 0102 7550
TEXAS INSTRUMENTS COM 882508104 402 4543 SH DEFINED 0103 4543
TEXAS UTILITIES COM 882848104 6350 200000 SH DEFINED 0132 200000
TEXAS UTILITIES COM 882848104 352 11076 SH DEFINED 0103 11076
TEXTRON INC COM 883203101 28313 500000 SH DEFINED 0113 500000
TEXTRON INC COM 883203101 16988 300000 SH DEFINED 0131 300000
TEXTRON INC COM 883203101 897 15852 SH DEFINED 0103 15852
THAI FARMERS BANK COM 883377996 96 14725 SH DEFINED 01 14725
THERMADYNE HDS CL B COM 883434201 0 120000 SH DEFINED 0104 120000
THERMADYNE HLDG RES COM 883435109 98 6693 SH DEFINED 0104 6693
THERMO-ELECTRON COM 883556102 10175 200000 SH DEFINED 011614 200000
THERMEDICS INC COM 883901100 1094 70000 SH DEFINED 011619 70000
THIOKOL CORP COM 884103102 8796 310000 SH DEFINED 0108 310000
THIOKOL CORP COM 884103102 3973 140000 SH DEFINED 0128 140000
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3 DO COM 88553W105 15600 1200000 SH DEFINED 011516 1200000
3 COM CORP COM 885535104 2265 40000 SH DEFINED 011619 40000
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3 COM CORP COM 885535104 7928 140000 SH DEFINED 011614 140000
3 COM CORP COM 885535104 16280 287500 SH DEFINED 0102 287500
3 COM CORP COM 885535104 7854 138700 SH DEFINED 0131 138700
3 COM CORP COM 885535104 957 16900 SH DEFINED 0103 16900
TIME WARNER INC CONV BOND 887315AH2 2822 8550000 PRN DEFINED 0104 8550000
TIME WARNER INC CONV BOND 887315AH2 1568 4750000 PRN DEFINED 011621 4750000
TIME WARNER INC CONV BOND 887315AH2 13827 41900000 PRN DEFINED 011618 41900000
TIME WARNER INC CONV BOND 887315AH2 1650 5000000 PRN DEFINED 011620 5000000
TIME WARNER INC COM 887315109 19819 525000 SH DEFINED 0130 525000
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TIME WARNER INC COM 887315109 26425 700000 SH DEFINED 0126 700000
TIME WARNER INC COM 887315109 24538 650000 SH DEFINED 0124 650000
TIME WARNER INC COM 887315109 264 7000 SH DEFINED 0125 7000
TIME WARNER INC COM 887315109 11325 300000 SH DEFINED 011516 300000
TIME WARNER INC COM 887315109 20763 550000 SH DEFINED 011618 550000
TIME WARNER INC COM 887315109 378 10000 SH DEFINED 011620 10000
TIME WARNER INC COM 887315109 11861 314096 SH DEFINED 0102 56700 257396
TIME WARNER INC COM 887315109 815 21598 SH DEFINED 0103 21598
<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
TIMES MIRROR ESCROW COM 887360980 0 6308 SH DEFINED 0103 6308
TIMES MIRROR CL A COM 887364107 121 6308 SH DEFINED 0103 6308
TIMKEN CO. COM 887389104 54 1522 SH DEFINED 0103 1522
TOLL CORP CONV BOND 889479AD3 2494 3250000 PRN DEFINED 0104 3250000
TOLL CORP CONV BOND 889479AD3 1343 1750000 PRN DEFINED 011621 1750000
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TOYS R US COM 892335100 9624 375490 SH DEFINED 0102 130300 245190
TOYS R US COM 892335100 1123 43814 SH DEFINED 0103 29850 13964
TOYS R US COM 892335100 4484 175000 SH DEFINED 01 175000
TRANSACTION SYSTEM COM 893416107 5219 250000 SH DEFINED 011516 250000
TRANSAMERICA CORP COM 893485102 10759 190000 SH DEFINED 0107 190000
TRANSAMERICA CORP COM 893485102 195 3446 SH DEFINED 0103 3446
TRANSATLANTIC HLDS COM 893521104 8575 140000 SH DEFINED 0108 140000
TRANSATLANTIC HLDS COM 893521104 4963 81000 SH DEFINED 0102 81000
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TRANSPORT DE GAS COM 893870204 2406 250000 SH DEFINED 0132 250000
TRANSDIGM WARRANTS WARRANT 893900993 479 4787 SH DEFINED 0109 4787
TRAVELERS INC NEW COM 894190107 31866 825000 SH DEFINED 0130 825000
TRAVELERS INC NEW COM 894190107 23175 600000 SH DEFINED 0113 600000
TRAVELERS INC NEW COM 894190107 11588 300000 SH DEFINED 0111 300000
TRAVELERS INC NEW COM 894190107 46 1200 SH DEFINED 0125 1200
TRAVELERS INC NEW COM 894190107 54075 1400000 SH DEFINED 011516 1400000
TRAVELERS INC NEW COM 894190107 29741 770000 SH DEFINED 011618 770000
TRAVELERS INC NEW COM 894190107 2511 65000 SH DEFINED 011620 65000
TRAVELERS INC NEW COM 894190107 37883 980721 SH DEFINED 0102 399366 581355
TRAVELERS INC NEW COM 894190107 14484 375000 SH DEFINED 0131 375000
TRAVELERS INC NEW COM 894190107 2608 67534 SH DEFINED 0103 33250 34284
TRAVELERS INC NEW COM 894190107 5964 154411 SH DEFINED 01 154411
TRIANGLE WIRE & CABL COM 895929107 844 211111 SH DEFINED 0104 211111
TRIANGLE WIRE & CABL COM 895929107 2196 548889 SH DEFINED 0109 548889
TRIANGLE WIRE & CABL COM 895929107 338 84444 SH DEFINED 011621 84444
TRIBUNE CO COM 896047107 181 3285 SH DEFINED 0103 3285
TRINITY INDUSTRIES COM 896522109 8409 225000 SH DEFINED 0108 225000
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TRINOVA CORP COM 896678109 43 1412 SH DEFINED 0103 1412
TULTEX CORP COM 899900104 269 58068 SH DEFINED 0102 58068
TURNER BROADCAST B COM 900262502 21875 1250000 SH DEFINED 011516 1250000
TURNER BROADCAST B COM 900262502 12250 700000 SH DEFINED 011618 700000
TYCO INTERNATIONAL COM 902120104 6609 125000 SH DEFINED 0108 125000
TYCO INTERNATIONAL COM 902120104 7931 150000 SH DEFINED 0111 150000
TYCO INTERNATIONAL COM 902120104 22208 420000 SH DEFINED 011618 420000
TYCO INTERNATIONAL COM 902120104 1163 22000 SH DEFINED 011619 22000
TYCO INTERNATIONAL COM 902120104 989 18700 SH DEFINED 011620 18700
TYCO INTERNATIONAL COM 902120104 5288 100000 SH DEFINED 011614 100000
TYCO INTERNATIONAL COM 902120104 21 400 SH DEFINED 0102 400
TYCO INTERNATIONAL COM 902120104 2596 49100 SH DEFINED 0131 49100
TYCO INTERNATIONAL COM 902120104 3679 69581 SH DEFINED 0103 65077 4504
<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
TYSON FOODS INC -CL COM 902494103 700 29000 SH DEFINED 011620 29000
TYSON FOODS INC -CL COM 902494103 28061 1163230 SH DEFINED 0102 372400 790830
TYSON FOODS INC -CL COM 902494103 346 14350 SH DEFINED 0103 14350
TYSON FOODS INC -CL COM 902494103 7262 301000 SH DEFINED 01 301000
USX MARATHON GROUP COM 902905827 102 5800 SH DEFINED 0125 5800
USX MARATHON GROUP COM 902905827 14 800 SH DEFINED 0102 800
USX MARATHON GROUP COM 902905827 290 16585 SH DEFINED 0103 16585
UST INC COM 902911106 25400 800000 SH DEFINED 0130 800000
UST INC COM 902911106 28575 900000 SH DEFINED 0113 900000
UST INC COM 902911106 1943 61200 SH DEFINED 0125 61200
UST INC COM 902911106 12383 390000 SH DEFINED 0107 390000
UST INC COM 902911106 63500 2000000 SH DEFINED 011516 2000000
UST INC COM 902911106 4867 153300 SH DEFINED 0102 153300
UST INC COM 902911106 17463 550000 SH DEFINED 0131 550000
UST INC COM 902911106 1745 54954 SH DEFINED 0103 54954
UST INC COM 902911106 117 3700 SH DEFINED 01 3700
UNUM CORP COM 903192102 22625 500000 SH DEFINED 0130 500000
UNUM CORP COM 903192102 15838 350000 SH DEFINED 0124 350000
UNUM CORP COM 903192102 1796 39700 SH DEFINED 0125 39700
UNUM CORP COM 903192102 81450 1800000 SH DEFINED 011516 1800000
UNUM CORP COM 903192102 13123 290000 SH DEFINED 011618 290000
UNUM CORP COM 903192102 362 8000 SH DEFINED 011620 8000
UNUM CORP COM 903192102 25382 560960 SH DEFINED 0102 120300 440660
UNUM CORP COM 903192102 9014 199200 SH DEFINED 0131 199200
UNUM CORP COM 903192102 2087 46146 SH DEFINED 0103 25600 20546
UNUM CORP COM 903192102 9160 202415 SH DEFINED 01 202415
USF&G CONV BOND 903290AD6 10282 21200000 PRN DEFINED 011516 21200000
U S F & G CORP COM 903290104 61 4391 SH DEFINED 0103 4391
USX-US STEEL GROUP COM 90337T101 126 3719 SH DEFINED 0103 3719
ULTRAMAR COM 903912103 10660 410000 SH DEFINED 0107 410000
ULTRAMAR COM 903912103 4758 183000 SH DEFINED 01 183000
ULTRATECH STEPPER COM 904034105 1362 28000 SH DEFINED 011619 28000
UNIFI, INC. COM 904677101 8100 300000 SH DEFINED 011618 300000
UNILEVER NV NY SHRS COM 904784501 118 900 SH DEFINED 0125 900
UNILEVER NV NY SHRS COM 904784501 13 100 SH DEFINED 0102 100
UNILEVER NV NY SHRS COM 904784501 1083 8249 SH DEFINED 0103 8249
UNICOM CORP COM 904911104 249 10505 SH DEFINED 0103 10505
UNION CAMP CORP COM 905530101 25938 500000 SH DEFINED 0130 500000
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UNION CAMP CORP COM 905530101 10894 210000 SH DEFINED 0107 210000
UNION CAMP CORP COM 905530101 16859 325000 SH DEFINED 0131 325000
UNION CAMP CORP COM 905530101 769 14833 SH DEFINED 0103 14833
UNION CARBIDE CORP COM 905581104 223 7288 SH DEFINED 0103 7288
UNION ELECTRIC COM 906548102 177 5009 SH DEFINED 0103 5009
UNION PACIFIC CORP COM 907818108 33000 600000 SH DEFINED 0130 600000
UNION PACIFIC CORP COM 907818108 11000 200000 SH DEFINED 0108 200000
UNION PACIFIC CORP COM 907818108 24750 450000 SH DEFINED 0113 450000
UNION PACIFIC CORP COM 907818108 11000 200000 SH DEFINED 0124 200000
UNION PACIFIC CORP COM 907818108 2382 43300 SH DEFINED 0125 43300
UNION PACIFIC CORP COM 907818108 12100 220000 SH DEFINED 0107 220000
<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
UNION PACIFIC CORP COM 907818108 58300 1060000 SH DEFINED 011516 1060000
UNION PACIFIC CORP COM 907818108 14025 255000 SH DEFINED 011618 255000
UNION PACIFIC CORP COM 907818108 16624 302100 SH DEFINED 0102 55000 247100
UNION PACIFIC CORP COM 907818108 16500 300000 SH DEFINED 0131 300000
UNION PACIFIC CORP COM 907818108 2485 45159 SH DEFINED 0103 5600 39559
UNION PACIFIC CORP COM 907818108 18972 344940 SH DEFINED 01 344940
UNISYS CORP COM 909214108 77 8378 SH DEFINED 0103 8378
UNITED ASSET MGMT CO COM 909420101 7483 195000 SH DEFINED 0107 195000
UEM 144A PUT3/99 CONV BOND 910213AA5 4399 4500000 PRN DEFINED 0104 4500000
UEM 144A PUT3/99 CONV BOND 910213AA5 1466 1500000 PRN DEFINED 011621 1500000
UNITED HEALTHCARE COM 910581107 2338 50000 SH DEFINED 0108 50000
UNITED HEALTHCARE COM 910581107 66385 1420000 SH DEFINED 0126 1420000
UNITED HEALTHCARE COM 910581107 10519 225000 SH DEFINED 0106 225000
UNITED HEALTHCARE COM 910581107 23375 500000 SH DEFINED 0111 500000
UNITED HEALTHCARE COM 910581107 1131 24200 SH DEFINED 0125 24200
UNITED HEALTHCARE COM 910581107 4605 98500 SH DEFINED 011622 98500
UNITED HEALTHCARE COM 910581107 9944 212700 SH DEFINED 011623 212700
UNITED HEALTHCARE COM 910581107 21038 450000 SH DEFINED 011618 450000
UNITED HEALTHCARE COM 910581107 1636 35000 SH DEFINED 011620 35000
UNITED HEALTHCARE COM 910581107 28428 608060 SH DEFINED 0102 194350 413710
UNITED HEALTHCARE COM 910581107 17793 380600 SH DEFINED 0131 380600
UNITED HEALTHCARE COM 910581107 1858 39749 SH DEFINED 0103 20900 18849
UNITED HEALTHCARE COM 910581107 12184 260620 SH DEFINED 01 260620
U.S. BANCORP COM 911596104 126 4827 SH DEFINED 0103 4827
US AIR GROUP INC. COM 911905107 18 2970 SH DEFINED 0103 2970
US HEALTH CARE INC COM 911910107 1071 24200 SH DEFINED 0125 24200
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US HEALTH CARE INC COM 911910107 1761 39796 SH DEFINED 0103 21550 18246
US HEALTH CARE INC COM 911910107 62 1400 SH DEFINED 01 1400
U. S. SURGICAL CORP COM 912707106 63 2784 SH DEFINED 0103 2784
U S WEST COM 912889102 30000 750000 SH DEFINED 0130 750000
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U S WEST COM 912889102 1256 31400 SH DEFINED 0125 31400
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U S WEST COM 912889102 2400 60000 SH DEFINED 011622 60000
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U S WEST COM 912889102 34000 850000 SH DEFINED 011516 850000
U S WEST COM 912889102 74953 1873860 SH DEFINED 0102 664800 1209060
U S WEST COM 912889102 2250 56261 SH DEFINED 0103 20400 35861
U S WEST COM 912889102 1200 30000 SH DEFINED 01 30000
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<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
UNITED TECHNOLOGIES COM 913017109 12097 175000 SH DEFINED 0107 175000
UNITED TECHNOLOGIES COM 913017109 27650 400000 SH DEFINED 011618 400000
UNITED TECHNOLOGIES COM 913017109 15522 224560 SH DEFINED 0102 98150 126410
UNITED TECHNOLOGIES COM 913017109 16590 240000 SH DEFINED 0131 240000
UNITED TECHNOLOGIES COM 913017109 2822 40814 SH DEFINED 0103 40814
UNITED TECHNOLOGIES COM 913017109 15200 219875 SH DEFINED 01 219875
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UPF GROUP COM 915290993 134 51250 SH DEFINED 01 51250
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VIKING OFFICE PRODS COM 926913104 536 17300 SH DEFINED 0103 17300
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VISHAY INTRTECHNOLOG COM 928298108 14825 264143 SH DEFINED 0111 264143
<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
VISHAY INTRTECHNOLOG COM 928298108 982 17500 SH DEFINED 0124 17500
VISHAY INTRTECHNOLOG COM 928298108 17679 315000 SH DEFINED 011516 315000
VISHAY INTRTECHNOLOG COM 928298108 23573 420000 SH DEFINED 011618 420000
VISHAY INTRTECHNOLOG COM 928298108 690 12284 SH DEFINED 0102 12284
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WARNER LAMBERT CO COM 934488107 4695 60000 SH DEFINED 0108 60000
WARNER LAMBERT CO COM 934488107 23475 300000 SH DEFINED 011516 300000
WARNER LAMBERT CO COM 934488107 8 100 SH DEFINED 0102 100
WARNER LAMBERT CO COM 934488107 516 6598 SH DEFINED 0103 6598
<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
WASHINGTON GAS LIGHT COM 938837101 1982 49100 SH DEFINED 0132 49100
WASHINGTON WATER POW COM 940688104 4500 300000 SH DEFINED 0132 300000
WAXMAN IND WRNTS WARRANT 944124122 143 143075 SH DEFINED 0116 143075
WAXMAN IND WRNTS WARRANT 944124122 13 13275 SH DEFINED 01 13275
WAXMAN IND WARRANTS WARRANT 944124999 19 150000 SH DEFINED 0105 150000
WEBCO COM 947621108 3441 410900 SH DEFINED 011516 410900
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0104 32502
WEBCRAFT TECH COM 947625992 0 32502 SH DEFINED 0109 32502
WEEKS CORP COM 94856P102 2288 100000 SH DEFINED 0132 100000
WEEKS CORP COM 94856P102 3431 150000 SH DEFINED 0107 150000
WEEKS CORP COM 94856P102 4575 200000 SH DEFINED 011618 200000
WELLS FARGO & CO COM 949740104 399 2549 SH DEFINED 0103 2549
WELLSFORD RES PROP COM 950241109 5428 260000 SH DEFINED 0132 260000
WELLSFORD PRIVATE COM 950250993 10438 500000 SH DEFINED 0113 500000
WELLSFORD PRIVATE COM 950250993 5219 250000 SH DEFINED 0107 250000
WENDYS INTL INC COM 950590109 12281 750000 SH DEFINED 0126 750000
WENDYS INTL INC COM 950590109 1279 78100 SH DEFINED 0125 78100
WENDYS INTL INC COM 950590109 9170 560000 SH DEFINED 011618 560000
WENDYS INTL INC COM 950590109 175 10700 SH DEFINED 0102 10700
WENDYS INTL INC COM 950590109 632 38580 SH DEFINED 0103 38580
WEST COMPANY COM 953348109 10047 394005 SH DEFINED 0103 394005
WESTCOTT COMMUNICATI COM 95752F106 4579 330000 SH DEFINED 011614 330000
WESTERN ATLAS INC COM 957674104 112 2593 SH DEFINED 0103 2593
WEST DEEP LEVELS ADR COM 958077208 1173 35000 SH DEFINED 0127 35000
WESTERN GAS RESOURCE CONV PFD STOCK 958259301 4070 110000 SH DEFINED 0132 110000
WESTERN RESOURCE INC PREFERRED STOCK 959425406 540 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
WESTFED SER A PIK PREFERRED STOCK 960080208 0 42753 SH DEFINED 0104 42753
WESTFED SER A PIK PREFERRED STOCK 960080208 0 71264 SH DEFINED 0109 71264
WESTINGHOUSE ELEC COM 960402105 5785 409600 SH DEFINED 0103 392153 17447
WESTVACO CORP COM 961548104 22825 550000 SH DEFINED 0113 550000
WESTVACO CORP COM 961548104 137 3291 SH DEFINED 0103 3291
WEYERHAEUSER COM 962166104 30128 775000 SH DEFINED 0124 775000
WEYERHAEUSER COM 962166104 35487 912930 SH DEFINED 0102 251400 661530
WEYERHAEUSER COM 962166104 680 17484 SH DEFINED 0103 7400 10084
WEYERHAEUSER COM 962166104 39 1000 SH DEFINED 01 1000
WHIRLPOOL CORP COM 963320106 200 3656 SH DEFINED 0103 3656
WHITMAN CORP COM 96647K102 99 5173 SH DEFINED 0103 5173
WILLAMETTE IND INC COM 969133107 8993 165000 SH DEFINED 0108 165000
WILLIAM COMPANIES COM 969457100 136 4444 SH DEFINED 0103 4444
WINN-DIXIE COM 974280109 203 3634 SH DEFINED 0103 3634
WISCONSIN ENERGY COM 976657106 104 3850 SH DEFINED 0102 3850
WITCO CORP COM 977385103 16156 550000 SH DEFINED 0130 550000
WOOLWORTH CORP COM 980883102 119 6497 SH DEFINED 0103 6497
WORTHINGTON IND COM 981811102 9938 500000 SH DEFINED 0108 500000
WORTHINGTON IND COM 981811102 357 17943 SH DEFINED 0102 17943
WORTHINGTON IND COM 981811102 88 4449 SH DEFINED 0103 4449
WRIGLEY WM JR CO COM 982526105 253 5703 SH DEFINED 0103 5703
X-RITE INC COM 983857103 780 40000 SH DEFINED 011619 40000
<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
XOMA CORP WARRANTS WARRANT 983907114 0 4142 SH DEFINED 011516 4142
XILINX COM 983919101 3388 50000 SH DEFINED 0126 50000
XILINX COM 983919101 2033 30000 SH DEFINED 011619 30000
XILINX COM 983919101 5420 80000 SH DEFINED 011614 80000
XILINX COM 983919101 8829 130299 SH DEFINED 0102 130299
XILINX COM 983919101 217 3200 SH DEFINED 0103 3200
XPEDITE COM 983929100 10375 500000 SH DEFINED 011516 500000
XEROX COM 984121103 76294 650000 SH DEFINED 0126 650000
XEROX COM 984121103 26409 225000 SH DEFINED 0113 225000
XEROX COM 984121103 7629 65000 SH DEFINED 0107 65000
XEROX COM 984121103 26996 230000 SH DEFINED 011618 230000
XEROX COM 984121103 26114 222480 SH DEFINED 0102 103550 118930
XEROX COM 984121103 17606 150000 SH DEFINED 0131 150000
XEROX COM 984121103 1243 10592 SH DEFINED 0103 10592
YPF COM 984245100 25650 1350000 SH DEFINED 0130 1350000
YPF COM 984245100 7600 400000 SH DEFINED 0108 400000
YPF COM 984245100 14725 775000 SH DEFINED 0106 775000
YPF COM 984245100 11400 600000 SH DEFINED 011516 600000
YPF COM 984245100 13300 700000 SH DEFINED 011618 700000
YPF COM 984245100 1995 105000 SH DEFINED 011620 105000
YPF COM 984245100 8219 432600 SH DEFINED 01 432600
YELLOW CORPORATION COM 985509108 22 1379 SH DEFINED 0103 1379
YORK INTL CORP NEW COM 986670107 11850 300000 SH DEFINED 011618 300000
ZENECA GROUP PLC -S COM 98934D106 848 20000 SH DEFINED 01 20000
ZENITH ELECTRONICS COM 989349105 17 2169 SH DEFINED 0103 2169
ZERO CORP COM 989484100 3141 222400 SH DEFINED 0128 222400
ZERO CORP COM 989484100 31 2198 SH DEFINED 0103 2198
ZILOG INC COM 989524103 3289 92000 SH DEFINED 0128 92000
ZILOG INC COM 989524103 7150 200000 SH DEFINED 0106 200000
ZILOG INC COM 989524103 1716 48000 SH DEFINED 011620 48000
ZURN INDUSTRIES COM 989824107 11 605 SH DEFINED 0103 605
AM EXP RESEARCH 839 COM 990008393 482 27628 SH DEFINED 0103 27628
FEDERAL INCOME FUND COM 990008443 119572 9875311 SH DEFINED 0103 8616561 1258750
EQY BASE INDEX COM 990008450 188067 13906171 SH DEFINED 0103 13906171
AM EXP TST BND 831 COM 990009086 627 15488 SH DEFINED 0103 15488
AM EXP TST EMERG 837 COM 990009300 178 3927 SH DEFINED 0103 3927
AM EXP TST CORE 838 COM 990009318 405 6403 SH DEFINED 0103 6403
MANAGED GIC FUND COM 990009326 105570 4513862 SH DEFINED 0103 4513862
INTERNATION COM 990009995 72 7741 SH DEFINED 0103 7741
REPORT SUMMARY 3389 DATA RECORDS 32600253 35 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
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