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Previous: FIRST PALMETTO FINANCIAL CORP, 8-K, 2000-04-25 |
Next: MORROW SNOWBOARDS INC, 10-K, 2000-04-25 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/2000
Check here if Amendment [X ]; Amendment Number: 1
This Amendment (check only one.):
[X] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: OFFITBANK
Address: 520 Madison Avenue, New York, New York 10022
--------------------------------------------
Form 13F File Number: 28-6928
-------
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Stephen B. Wells
Title: Managing Director
Phone: (212)350-3807
Signature, Place, and Date of Signing:
/S/ Stephen B. Wells
- ------------------------------------------
New York, New York
April 25, 2000
Report Type (Check only one):
[X] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
1
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
-
Form 13F Information Table Entry Total: 506
--------
Form 13F Information Table Value Total: $ 226, 465,000 (thousands)
--------------
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file
number(s) of all institutional investment managers with respect to
which this report is filed, other than the manager filing this report.
No. NONE
2
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
3 COM CORP COMMON 885535104 140,000 2,510 X 0 0 X 0 0
ABBOTT LABS COMMON 2824100 1,094,000 31,080 X 0 0 X 0 0
ACINDAR IND ARGENTINA S.A. LOCAL COMMON 2005423 39,000 25,000 X 0 0 X 0 0
ACT MANUFACTURING INC COMMON 973107 50,000 900 X 0 0 X 0 0
ACXIOM CORP COMMON 5125109 73,000 2,200 X 0 0 X 0 0
ADAPTEC INC COMMON 00651F108 112,000 2,900 X 0 0 X 0 0
ADELPHIA COMMUNICATIONS CL A COMMON 6848105 196,000 4,000 X 0 0 X 0 0
ADVANCED MICRO DEVICES INC COMMON 7903107 645,000 11,300 X 0 0 X 0 0
AEGON N V ORD AMER REG 7924103 192,000 2,387 X 0 0 X 0 0
AES CORP COMMON 00130H105 717,000 9,100 X 0 0 X 0 0
AETNA INC COMMON 8117103 333,000 6,000 X 0 0 X 0 0
AKZO NOBEL NV SPONS ADR 10199305 34,000 800 X 0 0 X 0 0
ALAMO GROUP INC COMMON 11311107 102,000 8,800 X 0 0 X 0 0
ALBERTSONS INC COMMON 13104104 198,000 6,400 X 0 0 X 0 0
ALCOA INC COMMON 13817101 183,000 2,600 X 0 0 X 0 0
ALDILA INC COMMON 14384101 3,000 1,700 X 0 0 X 0 0
ALLIANT ENERGY CORP COMMON 18802108 30,000 1,000 X 0 0 X 0 0
ALLSTATE CORP COMMON 20002101 151,000 6,333 X 0 0 X 0 0
ALLSTATE FINANCING I PFD 7.950% 20013207 45,000 2,000 X 0 0 X 0 0
ALTERA CORP COMMON 21441100 196,000 2,200 X 0 0 X 0 0
ALZA CORP COMMON 22615108 285,000 7,590 X 0 0 X 0 0
AMERCO INC SER A PFD 8.500% 23586209 25,000 1,000 X 0 0 X 0 0
AMERICA ONLINE INC COMMON 02364J104 513,000 7,600 X 0 0 X 0 0
AMERICAN EXPRESS CO COMMON 25816109 582,000 3,905 X 0 0 X 0 0
AMERICAN GEN CORP COMMON 26351106 42,000 750 X 0 0 X 0 0
AMERICAN GENL CAP PFD 8.125% 02637F301 24,000 1,000 X 0 0 X 0 0
AMERICAN HOME PRODS CORP COMMON 26609107 360,000 6,690 X 0 0 X 0 0
AMERICAN INTL GROUP INC COMMON 26874107 1,876,000 17,132 X 0 0 X 0 0
AMERICAN TEL & TELEG CO COMMON 3017710 13,000 235 X 0 0 X 0 0
AMERICAN TOWER CORP CL A COMMON 29912201 247,000 5,000 X 0 0 X 0 0
AMERICREDIT CORP COMMON 03060R101 16,000 1,000 X 0 0 X 0 0
AMFM INC COMMON 1693100 81,000 1,300 X 0 0 X 0 0
AMKOR TECHNOLOGIES INC COMMON 31652100 47,000 4,500 X 0 0 X 0 0
1
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION COMMON 32165102 411,000 27,544 X 0 0 X 0 0
ANALOG DEVICES INC COMMON 32654105 325,000 4,040 X 0 0 X 0 0
ANTARCTICA DO NORDESTEF PREF 2039615 339,000 2,741,721 X 0 0 X 0 0
APACHE CORP COMMON 37411105 55,000 1,100 X 0 0 X 0 0
APPLE COMPUTER INC COMMON 37833100 326,000 2,400 X 0 0 X 0 0
APPLIED MATERIALS INC COMMON 38222105 566,000 6,000 X 0 0 X 0 0
ARCHER DANIELS MIDLAND CO COMMON 39483102 155,000 15,000 X 0 0 X 0 0
AREMISSOFT CORP DEL COMMON 40026106 41,000 1,200 X 0 0 X 0 0
ARIBA INC COMMON 04033V104 19,000 90 X 0 0 X 0 0
ARMSTRONG WORLD INDS INC COMMON 42476101 125,000 7,000 X 0 0 X 0 0
ASSOCIATES FIRST CAP CORP CL A COMMON 46008108 199,000 9,300 X 0 0 X 0 0
AT & T CORP COMMON 1957109 351,000 6,229 X 0 0 X 0 0
AT&T CORP-LIBERTY MEDIA CL A COMMON 1957208 1,515,000 25,543 X 0 0 X 0 0
ATLANTIC RICHFIELD CO COMMON 48825103 399,000 4,690 X 0 0 X 0 0
ATMEL CORP COMMON 49513104 836,000 16,200 X 0 0 X 0 0
AUTOLIV INC COMMON 52800109 79,000 2,638 X 0 0 X 0 0
AUTOMATIC DATA PROCESSING COMMON 53015103 193,000 4,000 X 0 0 X 0 0
AVERY DENNISON CORP COMMON 53611109 586,000 9,600 X 0 0 X 0 0
BANCO ESTADO DE SAO PAOLO LOCAL PN 2074296 277,000 6,900 X 0 0 X 0 0
BANCO GALICIA BUENOS AIRES SPONS ADR 59538207 1,354,000 66,851 X 0 0 X 0 0
BANCO ITAU S.A. LOCAL PN 2459581 1,907,000 21,530 X 0 0 X 0 0
BANK AMER CORP COMMON 60505104 791,000 15,082 X 0 0 X 0 0
BANK OF AMERICA CORP COMMON 60505104 475,000 9,050 X 0 0 X 0 0
BANK OF NEW YORK INC COMMON 64057102 416,000 10,000 X 0 0 X 0 0
BANK ONE CORP COMMON NEW 06423A103 1,012,000 29,439 X 0 0 X 0 0
BANK UNITED TEXAS PFD 10.120 SER A 65414203 13,000 500 X 0 0 X 0 0
BARBEQUES GALORE LTD SPONS ADR 67091108 51,000 5,000 X 0 0 X 0 0
BARCLAYS BK PLC PFD 11.250% 06738C505 25,000 1,000 X 0 0 X 0 0
BELL ATLANTIC CORP COMMON 77853109 476,000 7,788 X 0 0 X 0 0
BELLSOUTH CORP COMMON 79860102 440,000 9,380 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC CL B COMMON 84670207 164,000 90 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC DEL CL A COMMON 84670108 343,000 6 X 0 0 X 0 0
BERKSHIRE HATHAWAY INC DEL COMMON 84670108 343,000 6 X 0 0 X 0 0
2
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
BESTFOODS COMMON 08658U101 304,000 6,498 X 0 0 X 0 0
BJS WHSL CLUB INC COMMON 05548J106 192,000 5,000 X 0 0 X 0 0
BOSTON CELTICS LTD PTRSP COMMON 100576107 - 50 X 0 0 X 0 0
BOTTS NOMINEE - BOTTS 999999999 322,000 322,292 X 0 0 X 0 0
BOWATER INC COMMON 102183100 64,000 1,200 X 0 0 X 0 0
BP AMOCO PLC ADR SPONSORED 55622104 810,000 15,202 X 0 0 X 0 0
BRADESCO LOCAL PN 2074520 743,000 90,414 X 0 0 X 0 0
BRADY ENERGY CORP PFD SER B 104686308 - 30 X 0 0 X 0 0
BRINKER INTL INC COMMON 109641100 42,000 1,400 X 0 0 X 0 0
BRISTOL-MYERS SQUIBB CO COMMON 110122108 286,000 4,925 X 0 0 X 0 0
BROADCOM CORP CL A COMMON 111320107 226,000 930 X 0 0 X 0 0
BROADVISION INC COMMON 111412102 24,000 525 X 0 0 X 0 0
BROCADE COMMUNICATIONS SYS I COMMON 111621108 305,000 1,700 X 0 0 X 0 0
BROWN FORMAN CORP CL A COMMON 115637100 39,000 750 X 0 0 X 0 0
BT PFD CAP TRUST I PFD 8.125% 55839203 23,000 1,000 X 0 0 X 0 0
CALIFORNIA COASTAL CMNTYS IN COMMON 129915104 - 0 X 0 0 X 0 0
CANDELA LASER CORP COMMON 136907102 29,000 2,100 X 0 0 X 0 0
CAPITAL ONE FINL CORP COMMON 14040H105 173,000 3,600 X 0 0 X 0 0
CAPITAL SOUTHWEST CORP COMMON 14050110 192,000 3,500 X 0 0 X 0 0
CARDINAL HEALTH INC COMMON 14149Y108 55,000 1,200 X 0 0 X 0 0
CARSO GLOBAL TELECOM LOCAL SER A1 2178336 729,000 237,168 X 0 0 X 0 0
CATELLUS DEV CORP COMMON 149111106 125,000 9,000 X 0 0 X 0 0
CATERPILLAR INC COMMON 149123101 300,000 7,598 X 0 0 X 0 0
CBRL GROUP INC COMMON 12489V106 100,000 10,000 X 0 0 X 0 0
CBS CORP COMMON 12490K107 1,144,000 20,210 X 0 0 X 0 0
CELLCOM CORP NEW COMMON 151154309 1,000 2,000 X 0 0 X 0 0
CEMEX SA SPONS ADR
REPRESENTS 5 CPO 151290889 1,317,000 58,203 X 0 0 X 0 0
CENDANT CORP COMMON 151313103 229,000 12,400 X 0 0 X 0 0
CENTAUR FUNDING CORP PFD 9.08%
04/21/20 144A 151327202 12,360,000 120,000 X 0 0 X 0 0
CENTEX CORP COMMON 152312104 76,000 3,200 X 0 0 X 0 0
CENTRAL & SOUTH WEST CORP COMMON 152357109 46,000 2,700 X 0 0 X 0 0
CENTRAL NEWSPAPERS INC CL A COMMON 154647101 67,000 2,000 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW COMMON 16161A108 169,000 1,944 X 0 0 X 0 0
3
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP COMMON 16161A108 426,000 4,888 X 0 0 X 0 0
CHASE MANHATTAN CORP NEW PFD C 10.84% 16161A884 14,000 500 X 0 0 X 0 0
CHASE PFD CAP CORP PFD 8.10% 161637202 24,000 1,000 X 0 0 X 0 0
CHEVRON CORP COMMON 166751107 92,000 1,000 X 0 0 X 0 0
CHITTENDEN CORP COMMON 170228100 974,000 32,812 X 0 0 X 0 0
CHUBB CORP COMMON 171232101 203,000 3,000 X 0 0 X 0 0
CIA ENERGETICA DE BRASILIA COMMON 2181185 22,000 2,220 X 0 0 X 0 0
CIA PARANAENSE DE ENERGIA PN B 2200154 362,000 42,900 X 0 0 X 0 0
CIA SIDERURGICA NATL COMMON 2210261 912,000 25,901 X 0 0 X 0 0
CIE FINANC RICHEMONT-UTS A COMMON 4738211 50,000 25 X 0 0 X 0 0
CIENA CORP COMMON 171779101 174,000 1,380 X 0 0 X 0 0
CIRCUIT CITY STORE INC COMMON 172737108 272,000 4,475 X 0 0 X 0 0
CISCO SYSTEMS INC COMMON 17275R102 2,528,000 32,698 X 0 0 X 0 0
CITIGROUP INC COMMON 172967101 2,809,000 46,921 X 0 0 X 0 0
CK WITCO CORP COMMON 12562C108 64,000 6,238 X 0 0 X 0 0
CLEAR CHANNEL COMM COMMON 184502102 82,000 1,182 X 0 0 X 0 0
CLEVELAND ELEC ILLUM CO PFD $90 SER S 186108676 150,000 148 X 0 0 X 0 0
CMGI INC COMMON 125750109 22,000 190 X 0 0 X 0 0
CNF TRANSPORTATION INC COMMON 12612W104 92,000 3,300 X 0 0 X 0 0
COCA COLA CO COMMON 191216100 469,000 10,000 X 0 0 X 0 0
COCA-COLA FEMSA S.A. SPONS ADR 191241108 540,000 29,100 X 0 0 X 0 0
COGNOS INC COMMON 19244C109 38,000 600 X 0 0 X 0 0
COLGATE PALMOLIVE CO COMMON 194162103 392,000 6,960 X 0 0 X 0 0
COMC INC COMMON 12614F109 - 100 X 0 0 X 0 0
COMCAST CORP SPCL CL A COMMON 200300200 87,000 2,000 X 0 0 X 0 0
COMDISCO INC COMMON 200336105 88,000 2,000 X 0 0 X 0 0
COMED FINANCING I PFD 8.480% 20033V209 23,000 1,000 X 0 0 X 0 0
COMERICA INC COMMON 200340107 430,000 10,274 X 0 0 X 0 0
COMPAQ COMPUTER CORP COMMON 204493100 72,000 2,700 X 0 0 X 0 0
CON EDISON OF NY PFD 7.750% 209111848 22,000 1,000 X 0 0 X 0 0
CONOCO INC CL B COMMON 208251405 363,000 14,147 X 0 0 X 0 0
CONSOL FREIGHTWAYS CORP COMMON 209232107 2,000 400 X 0 0 X 0 0
CONVERGYS CORP COMMON 212485106 70,000 1,800 X 0 0 X 0 0
4
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
CORNING INC COMMON 219350105 256,000 1,320 X 0 0 X 0 0
CORP INTERAMERICANA LOCAL B SHARES 2224347 788,000 156,939 X 0 0 X 0 0
COVAD COMMUNICATIONS GROUP COMMON 222814204 18,000 245 X 0 0 X 0 0
CRAWFORD & CO CL B COMMON 224633107 12,126,000 941,853 X 0 0 X 0 0
CRAWFORD & CO CL A COMMON 224633206 11,116,000 1,010,500 X 0 0 X 0 0
CROWN CORK & SEAL INC COMMON 228255105 195,000 12,180 X 0 0 X 0 0
CVRD LOCAL PN A 2257127 2,387,000 87,900 X 0 0 X 0 0
CVS CORP COMMON 126650100 21,000 564 X 0 0 X 0 0
CYPRESS SEMICONDUCTOR CORP COMMON 232806109 69,000 1,400 X 0 0 X 0 0
CYTEC INDS INC COMMON 23282010 153,000 5,000 X 0 0 X 0 0
D R HORTON INC COMMON 23331A109 131,000 10,000 X 0 0 X 0 0
DARDEN RESTAURANTS INC COMMON 237194105 71,000 4,000 X 0 0 X 0 0
DECRANE HOLDINGS-CW08 WTS EXP 09/30/08 243662111 - 2,500 X 0 0 X 0 0
DELL COMPUTER CORP COMMON 247025109 405,000 7,500 X 0 0 X 0 0
DELPHI AUTOMOTIVE SYS CORP COMMON 247126105 - - X 0 0 X 0 0
DIAGEO PLC COMMON 237400 49,000 6,600 X 0 0 X 0 0
DIAL CORP NEW COMMON 25247D101 138,000 10,000 X 0 0 X 0 0
DIGITAL MICROWAVE CORP COMMON 253859102 27,000 800 X 0 0 X 0 0
DILLARDS INC CL A COMMON 254067101 214,000 13,000 X 0 0 X 0 0
DIME BANCORP INC NEW COMMON 25429Q102 93,000 5,000 X 0 0 X 0 0
DIMON INC COMMON 254394109 7,000 3,000 X 0 0 X 0 0
DITECH COMM CORP COMMON 25500M103 53,000 500 X 0 0 X 0 0
DOLE FOOD INC COMMON 256605106 117,000 6,000 X 0 0 X 0 0
DONNELLEY R R & SONS CO COMMON 257867101 203,000 9,700 X 0 0 X 0 0
DOVER CORP COMMON 260003108 48,000 1,000 X 0 0 X 0 0
DOW CHEMICAL COMMON 260543103 935,000 8,200 X 0 0 X 0 0
DU PONT E I DE NEMOURS COMMON 263534109 262,000 4,951 X 0 0 X 0 0
DUKE ENERGY CORP COMMON 264399106 46,000 875 X 0 0 X 0 0
DYNEGY INC NEW CL A COMMON 26816Q101 44,000 700 X 0 0 X 0 0
EASTERN AIR LINE PFD $3.24 276191863 22,000 2,037 X 0 0 X 0 0
EASTERN STAINLESS CORP COMMON CL B 277044202 - 88 X 0 0 X 0 0
EASTMAN CHEM CO COMMON 277432100 18,000 393 X 0 0 X 0 0
EASTMAN KODAK CO COMMON 277461109 394,000 7,246 X 0 0 X 0 0
5
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
EATON CORP COMMON 278058102 509,000 6,520 X 0 0 X 0 0
ELAN CORP PLC SPONS ADR 284131208 114,000 2,400 X 0 0 X 0 0
ELECTRONIC DATA SYS CORP COMMON 285661104 160,000 2,500 X 0 0 X 0 0
EMBRATEL PARTICIPACOE PREF 2292559 1,785,000 70,330 X 0 0 X 0 0
EMBRATEL PARTICIPACOES S A ADR SPON REP PF 29081N100 474,000 18,500 X 0 0 X 0 0
EMC CORP/MASS COMMON 268648102 2,021,000 16,040 X 0 0 X 0 0
EMERSON ELEC CO COMMON 291011104 319,000 6,000 X 0 0 X 0 0
ENGELHARD CORP COMMON 292845104 65,000 4,309 X 0 0 X 0 0
ENHANCE FINL SVCS GROUP INC COMMON 293310108 177,000 12,500 X 0 0 X 0 0
ENRON CORP COMMON 293561106 338,000 4,520 X 0 0 X 0 0
ENZO BIOCHEM INC COMMON 294100102 495,000 7,119 X 0 0 X 0 0
EQUITY RESIDENT PROP PFD 9.125% 29476L305 23,000 1,000 X 0 0 X 0 0
EXODUS COMMUNICATIONS INC COMMON 302088109 239,000 1,700 X 0 0 X 0 0
EXXON MOBIL CORP COMMON 30231G102 1,489,000 19,100 X 0 0 X 0 0
FABRICA TECIDO RENAUX PN 2329974 554,000 1,588,755 X 0 0 X 0 0
FAIRCHILD SEMICONDUCTOR INTL CL A COMMON 303726103 91,000 2,500 X 0 0 X 0 0
FED DEPT STORES WTS D EXP 12/19/0 31410H127 13,000 749 X 0 0 X 0 0
FEDERAL NATL MTG ASSN COMMON 313586109 68,000 1,200 X 0 0 X 0 0
FEDERATED DEPT STORES INC COMMON 31410H107 6,000 150 X 0 0 X 0 0
FEDERATED DEPT STORES INC COMMON 31410H101 32,000 749 X 0 0 X 0 0
FEDL HOME LN MTG CORP COMMON 313400301 192,000 4,355 X 0 0 X 0 0
FIFTH THIRD BANCORP COMMON 316773100 200,000 3,170 X 0 0 X 0 0
FILENET CORP COMMON 316869106 30,000 1,000 X 0 0 X 0 0
FINOVA GROUP INC COMMON 317928109 135,000 8,000 X 0 0 X 0 0
FIRST AMERICAN FINL CORP COMMON 318522307 209,000 15,000 X 0 0 X 0 0
FIRST DATA CORP COMMON 319963104 129,000 2,900 X 0 0 X 0 0
FIRST PHILIPPINE HOLDGS COMMON 6339979 12,000 12,000 X 0 0 X 0 0
FIRST TENN NATL CORP COMMON 337162101 231,000 11,384 X 0 0 X 0 0
FIRST TENN NATL CORP COMMON 337162101 214,000 10,550 X 0 0 X 0 0
FIRST UNION CORP COMMON 337358105 625,000 16,787 X 0 0 X 0 0
FISHER COS INC COMMON 337756209 2,002,000 32,024 X 0 0 X 0 0
FLEETBOSTON FINL CORP COMMON 339030108 515,000 14,099 X 0 0 X 0 0
FOOTSTAR INC COMMON 344912100 254,000 9,000 X 0 0 X 0 0
6
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
FOREST LABATORIES INC COMMON 345838106 46,000 1,000 X 0 0 X 0 0
FOUNDATION HEALTH SYS INC COMMON 350404109 120,000 15,000 X 0 0 X 0 0
FREEPORT MCMORAN COPPER CL A COMMON 35671D105 85,000 7,600 X 0 0 X 0 0
FREEPORT MCMORAN COPR&GOLD CL B COMMON 35671D857 41,000 3,400 X 0 0 X 0 0
FREMONT GEN FING I PFD 9% 356905208 17,000 1,000 X 0 0 X 0 0
G&G RETAIL-WT06 WTS EXP 05/15/06 36146P111 - 2,500 X 0 0 X 0 0
GALACTIC RESOURCES LTD COMMON 362903106 - 1,500 X 0 0 X 0 0
GALILEO INTL INC COMMON 363547100 217,000 9,000 X 0 0 X 0 0
GANNETT INC COMMON 364730101 534,000 7,582 X 0 0 X 0 0
GAP INC COMMON 364760108 423,000 8,500 X 0 0 X 0 0
GARDNER NOMINEE - GARDNER 999999999 1,705,000 18,163 X 0 0 X 0 0
GARTNER GROUP INC NEW CL B COMMON 366651206 3,000 195 X 0 0 X 0 0
GATX CORP COMMON 361448103 152,000 4,000 X 0 0 X 0 0
GENENTECH INC COMMON NEW 368710406 152,000 1,000 X 0 0 X 0 0
GENERAL ELEC CO COMMON 369604103 5,546,000 35,636 X 0 0 X 0 0
GENERAL GROWTH PPTYS INC REIT 370021107 155,000 5,100 X 0 0 X 0 0
GENERAL MILLS INC COMMON 370334104 181,000 5,000 X 0 0 X 0 0
GENERAL MTRS CORP CL H COMMON NEW 370442832 411,000 3,300 X 0 0 X 0 0
GENUINE PARTS CO COMMON 372460105 67,000 2,800 X 0 0 X 0 0
GENZYME CORP-GEN DIV COMMON 372917104 311,000 6,200 X 0 0 X 0 0
GERDAU S A SPONS ADR 373737105 429,000 16,500 X 0 0 X 0 0
GERDAU S.A. LOCAL PN 2160407 458,000 17,600 X 0 0 X 0 0
GILLETTE CO COMMON 375766102 268,000 7,100 X 0 0 X 0 0
GLOBAL CROSSING LTD COMMON G3921A100 139,000 3,400 X 0 0 X 0 0
GLOBO CABO SA SPONS ADR 37957X102 1,204,000 64,200 X 0 0 X 0 0
GOLDFIELDS LIMITED COMMON 6370008 - 57 X 0 0 X 0 0
GREAT ATLANTIC & PAC TEA COMMON 390064103 3,000 150 X 0 0 X 0 0
GREAT LAKES CHEM CORP COMMON 390568103 68,000 2,000 X 0 0 X 0 0
GRUPO FINANCIERO BANAMEX LOCAL O 2401300 229,000 50,000 X 0 0 X 0 0
GRUPO FINANCIERO BANCOMER LOCAL SERIES
O SHARES 2402875 223,000 395,000 X 0 0 X 0 0
GRUPO INDUSTRIAL BIMBO LOCAL A 2392471 313,000 187,730 X 0 0 X 0 0
GRUPO MODELO S.A. LOCAL C 2380539 646,000 301,600 X 0 0 X 0 0
GRUPO TELEVISA S.A. DE C.V. SPONS ADR 40049J206 1,754,000 25,800 X 0 0 X 0 0
7
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
GTE CORP COMMON 362320103 201,000 2,838 X 0 0 X 0 0
GUESS INC COMMON 401617105 64,000 2,000 X 0 0 X 0 0
GUEST SUPPLY INC COMMON 401630108 3,000 150 X 0 0 X 0 0
GUIDANT CORP COMMON 401698105 241,000 4,100 X 0 0 X 0 0
HANNAFORD BROS CO COMMON 410550107 1,062,000 14,400 X 0 0 X 0 0
HARTE HANKS COMMUNICATIONS COMMON 416196103 218,000 9,600 X 0 0 X 0 0
HARTFORD CAP I PFD SER A 7.7% 416315208 22,000 1,000 X 0 0 X 0 0
HARTFORD FINL SVCS GRP COMMON 416515104 243,000 4,600 X 0 0 X 0 0
HASBRO INC COMMON 418056107 58,000 2,000 X 0 0 X 0 0
HAYES LEMMERZ INTL INC COMMON 420781106 38,000 2,000 X 0 0 X 0 0
HEALTHGRADES COM INC COMMON 42222R104 2,000 1,000 X 0 0 X 0 0
HEALTHSOUTH CORP COMMON 421924101 119,000 21,000 X 0 0 X 0 0
HEINEKEN HOLDING NV CL A COMMON 5458154 65,000 2,000 X 0 0 X 0 0
HERSHEY FOODS CORP COMMON 427866108 73,000 1,500 X 0 0 X 0 0
HEWLETT PACKARD CO COMMON 428236103 1,570,000 11,846 X 0 0 X 0 0
HOME DEPOT INC COMMON 437076102 771,000 11,950 X 0 0 X 0 0
HONEYWELL INTL INC COMMON 438516106 59,000 1,111 X 0 0 X 0 0
HOOPER HOLMES INC COMMON 439104100 58,000 1,700 X 0 0 X 0 0
HUSSMANN INTL INC COMMON 448110106 127,000 10,000 X 0 0 X 0 0
HYLSAMEX S.A. LOCAL BCP 2432054 283,000 120,000 X 0 0 X 0 0
I2 TECHNOLOGIES INC COMMON 465754109 2,000 20 X 0 0 X 0 0
ICN PHARMACEUTICAL INC NEW COMMON 448924100 63,000 2,300 X 0 0 X 0 0
IKON OFFICE SOLUTIONS INC COMMON 451713101 62,000 10,000 X 0 0 X 0 0
ILLINOIS TOOL WKS INC COMMON 452308109 116,000 2,100 X 0 0 X 0 0
ILUKA RESOURCES LTD COMMON 6957575 - 91 X 0 0 X 0 0
IMC GLOBAL INC COMMON 449669100 118,000 8,000 X 0 0 X 0 0
IMMUNEX CORP NEW COMMON 452528102 197,000 3,099 X 0 0 X 0 0
IMS HEALTH INC COMMON 449934108 93,000 5,500 X 0 0 X 0 0
IN FOCUS SYS INC COMMON 452919103 54,000 1,500 X 0 0 X 0 0
INFINITY BROADCASTING CORP CL A COMMON 45662S102 100,000 3,100 X 0 0 X 0 0
INFONET SVCS CORP CL B COMMON 45666T106 61,000 2,700 X 0 0 X 0 0
INTEGRATED DEVICE TECH INC COMMON 458118106 103,000 2,600 X 0 0 X 0 0
INTEGRATED SILICON SOLUTION COMMON 45812P107 59,000 2,000 X 0 0 X 0 0
8
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
INTEL CORP COMMON 458140100 2,381,000 18,050 X 0 0 X 0 0
INTERDIGITAL COMM GROUP RESTRICTED 45866A915 23,000 5,000 X 0 0 X 0 0
INTERTAN INC COMMON 461120107 31,000 2,250 X 0 0 X 0 0
INTIMATE BRANDS INC CL A COMMON 461156101 29,000 700 X 0 0 X 0 0
INTL BUSINESS MACHINES PFD 7.500% 459200309 25,000 1,000 X 0 0 X 0 0
INTL BUSINESS MACHINES COMMON 459200101 6,134,000 51,982 X 0 0 X 0 0
INTL CABLETEL WTS 459216115 - 210 X 0 0 X 0 0
INTL GAME TECHNOLOGY COMMON 459902102 108,000 5,000 X 0 0 X 0 0
INTUIT INC COMMON 461202103 35,000 640 X 0 0 X 0 0
ITT INDUSTRIES INC COMMON 450911102 71,000 2,300 X 0 0 X 0 0
JDS UNIPHASE CORP COMMON 46612J101 538,000 4,460 X 0 0 X 0 0
JEFFERSON PILOT CORP COMMON 475070108 40,000 600 X 0 0 X 0 0
JOHNSON & JOHNSON COMMON 478160104 2,641,000 37,599 X 0 0 X 0 0
JPS TEXTILES GRP INC CL A - 720 X 0 0 X 0 0
JUNIPER NETWORKS INC COMMON 48203R104 47,000 180 X 0 0 X 0 0
K MART CORP COMMON 482584109 170,000 17,500 X 0 0 X 0 0
KENDLE INTL INC COMMON 48880L107 245,000 22,500 X 0 0 X 0 0
KENT ELECTRONICS CORP COMMON 490553104 44,000 1,500 X 0 0 X 0 0
KEY ENERGY SVCS INC COMMON 492914106 37,000 3,200 X 0 0 X 0 0
KEYCORP COMMON 493267108 428,000 22,532 X 0 0 X 0 0
KEYSPAN CORP PFD SER AA 7.95 49337W209 328,000 13,000 X 0 0 X 0 0
KIMBERLY CLARK CORP COMMON 494368103 440,000 7,856 X 0 0 X 0 0
KIMBERLY CLARK DE MEXICO CL A COMMON
LOCAL 2491914 258,000 75,000 X 0 0 X 0 0
KROGER CO COMMON 501044101 25,000 1,400 X 0 0 X 0 0
LAM RESEARCH CORP COMMON 512807108 54,000 1,200 X 0 0 X 0 0
LANDMARK LANDMARK -
NOMINEE 999999999 1,563,000 1,582,969 X 0 0 X 0 0
LANDS END INC COMMON 515086106 49,000 800 X 0 0 X 0 0
LANIER WORLDWIDE INC COMMON 51589L105 83,000 40,000 X 0 0 X 0 0
LASALLE RE HLDGS LTD COMMON G5383Q101 132,000 9,500 X 0 0 X 0 0
LATTICE SEMICONDUCTOR CORP COMMON 518415104 88,000 1,300 X 0 0 X 0 0
LIBERTY FINL COS INC COMMON 530512102 254,000 12,800 X 0 0 X 0 0
LILLY ELI & CO COMMON 532457108 188,000 3,000 X 0 0 X 0 0
LINCOLN NATL CAP I PFD 8.750% 534177209 23,000 1,000 X 0 0 X 0 0
9
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CAPITAL II PFD 8.350% 534178207 23,000 1,000 X 0 0 X 0 0
LIZ CLAIBORNE INC COMMON 539320101 128,000 2,800 X 0 0 X 0 0
LOEWS CORP COMMON 540424108 65,000 1,300 X 0 0 X 0 0
LORAL SPACE & COMM COMMON G56462107 150,000 14,700 X 0 0 X 0 0
LOWES COS INC COMMON 548661107 6,000 110 X 0 0 X 0 0
LSI LOGIC CORP COMMON 502161102 385,000 5,300 X 0 0 X 0 0
LTX CORP COMMON 502392103 81,000 1,800 X 0 0 X 0 0
LUCENT TECHNOLOGIES INC COMMON 549463107 615,000 9,917 X 0 0 X 0 0
MALLINCKRODT INC NEW COMMON 561232109 144,000 5,000 X 0 0 X 0 0
MARSH & MCLENNAN COS INC COMMON 571748102 461,000 4,180 X 0 0 X 0 0
MARTIN MARIETTA MTLS INC COMMON 573284106 48,000 1,000 X 0 0 X 0 0
MBIA INC COMMON 55262C100 250,000 4,800 X 0 0 X 0 0
MCDONALDS CORP COMMON 580135101 348,000 9,300 X 0 0 X 0 0
MCI CAP I PFD 8.000% 55267Y206 23,000 1,000 X 0 0 X 0 0
MCI WORLDCOM INC COMMON 55268B106 601,000 13,260 X 0 0 X 0 0
MEDIAONE FING A PFD 7.960% 583937206 23,000 1,000 X 0 0 X 0 0
MEDIAONE GROUP INC COMMON 58440J104 72,000 890 X 0 0 X 0 0
MEDTRONIC INC COMMON 585055106 1,145,000 22,258 X 0 0 X 0 0
MENTOR CORP MINN COMMON 587188103 49,000 1,800 X 0 0 X 0 0
MERCK & CO INC COMMON 589331107 7,306,000 117,604 X 0 0 X 0 0
MERRILL LYNCH & CO INC COMMON 590188108 210,000 2,000 X 0 0 X 0 0
MERRILL LYNCH PFD CAP PFD 7.750% 589977206 47,000 2,000 X 0 0 X 0 0
METALURGICA GERDAU S.A. PN 2581138 229,000 5,000 X 0 0 X 0 0
METTLER-TOLEDO INTL INC COMMON 592688105 53,000 1,300 X 0 0 X 0 0
MICROCHIP TECHNOLOGY INC COMMON 595017104 122,000 1,850 X 0 0 X 0 0
MICRON TECHNOLOGY INC COMMON 595112103 151,000 1,200 X 0 0 X 0 0
MICROSOFT CORP COMMON 594918104 2,877,000 27,078 X 0 0 X 0 0
MILLENNIUM INORGANIC PN A 2886554 96,000 4,193 X 0 0 X 0 0
MILLENNIUM INORGANIC PN B 2886543 199,000 7,719 X 0 0 X 0 0
MILLIPORE CORP COMMON 601073109 11,000 200 X 0 0 X 0 0
MINNESOTA MNG & MFG CO COMMON 604059105 199,000 2,250 X 0 0 X 0 0
MINNESOTA PWR & LT CO COMMON 604110106 33,000 2,000 X 0 0 X 0 0
MODIS PROFESSIONAL SVCS INC COMMON 607830106 19,000 1,500 X 0 0 X 0 0
10
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
MOLEX INC COMMON 608554101 73,000 1,250 X 0 0 X 0 0
MONTANA PWR CO COMMON 612085100 160,000 2,500 X 0 0 X 0 0
MORGAN J P & CO INC COMMON 616880100 1,539,000 11,679 X 0 0 X 0 0
MORGAN ST DN WTTR & CO COMMON NEW 617446448 955,000 11,526 X 0 0 X 0 0
MORGAN STANLEY EQ GRWTH COMMON 73232471 734,000 16,331 X 0 0 X 0 0
MOS FOOD SERVICES COMMON 6605830 - 20 X 0 0 X 0 0
MOTOROLA INC COMMON 620076109 1,628,000 11,150 X 0 0 X 0 0
MUNIHOLDINGS NEW JRSEY INSD 62626C107 115,000 10,000 X 0 0 X 0 0
NATIONAL SEMICONDUCTOR CORP COMMON 637640103 437,000 7,200 X 0 0 X 0 0
NAVISTAR INTL CORP NEW COMMON 249,000 6,200 X 0 0 X 0 0
NCH CORP COMMON 628850109 9,000 200 X 0 0 X 0 0
NCR CORP NEW COMMON 8,000 195 X 0 0 X 0 0
NEIMAN MARCUS GROUPS INC CL A COMMON 640204202 3,000 100 X 0 0 X 0 0
NESTLE S.A. SPONS ADR 641069406 54,000 600 X 0 0 X 0 0
NETWORK APPLIANCE INC COMMON 64120L104 36,000 430 X 0 0 X 0 0
NEW YORK TIMES CO CL A COMMON 650111107 386,000 9,000 X 0 0 X 0 0
NEWS CORP LTD SPONS ADR NEW 652487703 388,000 6,900 X 0 0 X 0 0
NEXTEL COMMUNICATIONS INC CL A COMMON 65332V103 13,000 85 X 0 0 X 0 0
NEXTEL COMMUNICATIONS INC CL A 65332V103 385,000 2,600 X 0 0 X 0 0
NIKE INC CL B 654106103 8,000 200 X 0 0 X 0 0
NOKIA CORP SPONS ADR A 654902204 766,000 3,450 X 0 0 X 0 0
NOKIA CORP SPONS ADR 654902204 32,000 145 X 0 0 X 0 0
NORFOLK SOUTHN CORP COMMON 655844108 103,000 7,200 X 0 0 X 0 0
NORTEL NETWORKS CORP COMMON 656569100 517,000 4,100 X 0 0 X 0 0
NORTHERN TR CORP COMMON 665859104 770,000 11,400 X 0 0 X 0 0
NOVELL INC COMMON 670006105 115,000 4,000 X 0 0 X 0 0
NTL INCORPORATED COMMON 629407107 385,000 4,149 X 0 0 X 0 0
NUCOR CORP COMMON 670346105 50,000 1,000 X 0 0 X 0 0
ORACLE CORPORATION COMMON 68389X105 648,000 8,300 X 0 0 X 0 0
OTG SOFTWARE INC COMMON 671059103 20,000 500 X 0 0 X 0 0
OUTBACK STEAKHOUSE INC COMMON 689899102 48,000 1,500 X 0 0 X 0 0
PACIFIC TELESIS FING I PFD 7.560% 694887209 22,000 1,000 X 0 0 X 0 0
PACTIV CORP COMMON 695257105 130,000 15,000 X 0 0 X 0 0
11
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
PAO DE ACUAR LOCAL PN 2667771 2,667,000 75,243 X 0 0 X 0 0
PARAMETRIC TECHNOLOGY CORP COMMON 699173100 173,000 8,200 X 0 0 X 0 0
PAREXEL INTL CORP COMMON 699462107 142,000 15,000 X 0 0 X 0 0
PATHWAYS GROUP INC COMMON 70321D106 19,000 8,000 X 0 0 X 0 0
PC HOLDINGS S.A. SPONS ADR 693200107 520,000 30,346 X 0 0 X 0 0
PENNEY J C CO COMMON 708160106 6,000 400 X 0 0 X 0 0
PEPSICO INC COMMON 713448108 188,000 5,400 X 0 0 X 0 0
PEQUOT PEQUOT - NOMINEE 999999999 450,000 600,000 X 0 0 X 0 0
PETROFLEX ON 2682354 255,000 3,310 X 0 0 X 0 0
PETROLEO BRASILEIRO S.A. LOCAL PN 2684532 2,458,000 9,110 X 0 0 X 0 0
PFIZER INC COMMON 717081103 5,257,000 143,774 X 0 0 X 0 0
PHARMACIA & UPJOHN INC COMMON 716941109 419,000 7,040 X 0 0 X 0 0
PHILEX MINING CORP CLASS B 71814230 4,000 1,844 X 0 0 X 0 0
PHILIP MORRIS COS INC COMMON 718154107 415,000 19,665 X 0 0 X 0 0
PHONE COM INC COMMON 71920Q100 53,000 325 X 0 0 X 0 0
PHOSPHATE RESOURCE PARTNERS COMMON 719217101 4,000 500 X 0 0 X 0 0
PITNEY BOWES INC COMMON 724479100 116,000 2,600 X 0 0 X 0 0
PITTSTON BRINK'S GROUP COMMON 725701106 221,000 13,000 X 0 0 X 0 0
PMC-SIERRA INC COMMON 69344F106 336,000 1,650 X 0 0 X 0 0
PNC FINANCIAL SERVICES GROUP COMMON 693475105 445,000 9,866 X 0 0 X 0 0
POTOMAC ELEC PWR CO COMMON 737679100 23,000 1,000 X 0 0 X 0 0
PRECISION DRILLING CORP CL A COMMON 74022D100 37,000 1,100 X 0 0 X 0 0
PREMIER PARKS INC NEW COMMON 740540208 210,000 10,000 X 0 0 X 0 0
PRIDE INTL INC COMMON 741932107 80,000 3,500 X 0 0 X 0 0
PROCTER & GAMBLE CO COMMON 742718109 458,000 8,100 X 0 0 X 0 0
PROVIDIAN FINL CORP COMMON 74406A102 470,000 5,422 X 0 0 X 0 0
QUALCOMM INC COMMON 747525103 94,000 630 X 0 0 X 0 0
QUANTUM CORP COMMON 747906303 88,000 7,800 X 0 0 X 0 0
QUANTUM CORP DLT & STORAGE COMMON 747906204 75,000 6,300 X 0 0 X 0 0
QUEST DIAGNOSTICS INC COMMON 74834L100 52,000 1,300 X 0 0 X 0 0
QUESTMARK QUESTMARK -
NOMINEE 999999999 358,000 357,817 X 0 0 X 0 0
QUESTOR QUESTOR -
NOMINEE 999999999 84,000 84,315 X 0 0 X 0 0
RAYONIER INC COMMON 754907103 3,000 63 X 0 0 X 0 0
12
<PAGE>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CO CL B 755111408 50,000 2,800 X 0 0 X 0 0
READERS DIGEST ASSN CL A COMMON 755267101 354,000 10,000 X 0 0 X 0 0
RF MICRO DEVICES INC COMMON 749941100 27,000 200 X 0 0 X 0 0
ROHM & HAAS CO COMMON 775371107 85,000 1,913 X 0 0 X 0 0
ROYAL DUTCH PETE CO NY REG SHS
1.25 780257804 683,000 11,820 X 0 0 X 0 0
ROYAL DUTCH PETE CO NY REG N
GLDR 5 780257705 53,000 250 X 0 0 X 0 0
RYDER SYS INC COMMON 783549108 193,000 8,500 X 0 0 X 0 0
SAFEWAY INC COMMON NEW 786514208 312,000 6,900 X 0 0 X 0 0
SANTA FE INTL CORP COMMON G7805C108 41,000 1,100 X 0 0 X 0 0
SBC COMM INC FPD 8.500% 694889205 49,000 2,000 X 0 0 X 0 0
SBC COMMUNICATIONS INC COMMON 78387G103 640,000 15,194 X 0 0 X 0 0
SCHERING PLOUGH CORP COMMON 806605101 4,152,000 111,833 X 0 0 X 0 0
SCHLUMBERGER LTD COMMON 806857108 1,132,000 14,800 X 0 0 X 0 0
SCHWEITZER-MAUDUIT INTL INC COMMON 808541106 16,000 1,250 X 0 0 X 0 0
SCIENTIFIC ATLANTA INC COMMON 808655104 89,000 1,400 X 0 0 X 0 0
SCIOS INC COMMON 808905103 1,000 100 X 0 0 X 0 0
SCOTTISH PWR PLC ADR SPONS
FINAL 81013T705 13,000 421 X 0 0 X 0 0
SCRIPPS E W CO OHIO CL A COMMON 811054204 73,000 1,500 X 0 0 X 0 0
SEARS ROEBUCK & CO COMMON 812387108 105,000 3,418 X 0 0 X 0 0
SERVICE CORP INTL COMMON 817565104 90,000 30,000 X 0 0 X 0 0
SHAW INDS INC COMMON 820286102 76,000 5,000 X 0 0 X 0 0
SILICON VY GROUP INC COMMON 827066101 69,000 2,500 X 0 0 X 0 0
SLM HOLDING CORP COMMON 78442A109 47,000 1,400 X 0 0 X 0 0
SMITHKLINE BEECHAM PLC ADR 832378301 357,000 5,400 X 0 0 X 0 0
SNAP ON INC COMMON 833034101 115,000 4,400 X 0 0 X 0 0
SOLECTRON CORP COMMON 834182107 109,000 2,720 X 0 0 X 0 0
SORIANA S.A. LOCAL B 2620172 1,690,000 366,200 X 0 0 X 0 0
SOUTHTRUST CORP COMMON 844730101 424,000 16,654 X 0 0 X 0 0
SPRINT CORP (FON GROUP) COMMON 852061100 1,545,000 24,520 X 0 0 X 0 0
SPRINT CORP (PCS GROUP) COMMON 852061506 1,226,000 18,710 X 0 0 X 0 0
STAPLES, INC. COMMON 855030102 46,000 2,277 X 0 0 X 0 0
STATE STREET CORP COMMON 857477103 78,000 800 X 0 0 X 0 0
STERLING SOFTWARE INC COMMON 859547101 212,000 6,480 X 0 0 X 0 0
13
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
STRYKER CORP COMMON 863667101 56,000 800 X 0 0 X 0 0
SUN MICROSYSTEMS INC COMMON 866810104 1,265,000 13,505 X 0 0 X 0 0
SUNAMERICA CAP TR II PFD 8.35% 867022204 24,000 1,000 X 0 0 X 0 0
SUNGARD DATA SYS INC COMMON 867363103 68,000 1,800 X 0 0 X 0 0
SUNTRUST BKS INC COMMON 867914103 301,000 5,212 X 0 0 X 0 0
SUPERVALU INC COMMON 868536103 189,000 10,000 X 0 0 X 0 0
TANDY CORP COMMON 875382103 223,000 4,400 X 0 0 X 0 0
TCI COMM FINANCING I PFD 8.72% 872285200 24,000 1,000 X 0 0 X 0 0
TECH DATA CORP COMMON 878237106 23,000 700 X 0 0 X 0 0
TECUMSEH PRODS CO COMMON CL B 878895101 269,000 6,400 X 0 0 X 0 0
TEECO PPTYS LP CO COMMON 87900210 1,000 1,080 X 0 0 X 0 0
TELECOM BRASILEIRAS-TELEBRAS SPONS ADR 879287308 598,000 4,000 X 0 0 X 0 0
TELECOM DE SAO PAULO LOCAL 2292720 867,000 29,634 X 0 0 X 0 0
TELECOM SAO PAULO SPONS ADR 87929A102 499,000 16,800 X 0 0 X 0 0
TELEFONICA DE ARGENTINA SPONS ADR B 879378206 115,000 2,920 X 0 0 X 0 0
TELEFONICA DE ESPANA S A SPONS ADR 879382208 118,000 1,591 X 0 0 X 0 0
TELEFONOS DE MEXICO S.A. SPONS ADR L 879403780 1,546,000 23,200 X 0 0 X 0 0
TELEGRAAF HOLDINGS MIJ COMMON 5062919 86,000 5,200 X 0 0 X 0 0
TELEPAR S.A. PN 2880385 43,000 100 X 0 0 X 0 0
TELEPHONE & DATA SYS INC COMMON 879433100 111,000 1,000 X 0 0 X 0 0
TELESP CELULAR PART SPONS ADR 87952L108 1,281,000 22,600 X 0 0 X 0 0
TELESP CELULAR PARTIC-PREF LOCAL 2292690 1,680,000 74,419 X 0 0 X 0 0
TELESUDESTE CELULAR-PREF LOCAL 2292753 125,000 12,440 X 0 0 X 0 0
TELLABS INC COMMON 879664100 296,000 4,700 X 0 0 X 0 0
TEMPLE INLAND INC COMMON 879868107 56,000 1,130 X 0 0 X 0 0
TENN VALLEY AUTH SER A PFD 7.5% 880591201 38,000 1,600 X 0 0 X 0 0
TENNESSEE VALLEY AUTH PFD 8.000% 880591102 25,000 1,000 X 0 0 X 0 0
TERADYNE INC COMMON 880770102 254,000 3,100 X 0 0 X 0 0
TEXACO INC COMMON 881694103 280,000 5,200 X 0 0 X 0 0
TEXAS INSTRUMENTS INC COMMON 882508104 216,000 1,350 X 0 0 X 0 0
TIMBERLAND CO CL A COMMON 887100105 31,000 600 X 0 0 X 0 0
TIME WARNER CAP I PFD 8.875% 88731G204 24,000 1,000 X 0 0 X 0 0
TIME WARNER INC COMMON 887315109 1,840,000 18,397 X 0 0 X 0 0
14
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CAP LLC PFD 9.180% 891025207 24,000 1,000 X 0 0 X 0 0
TOYS R US INC COMMON 892335100 222,000 15,000 X 0 0 X 0 0
TRANSOCEAN SEDCO FOREX INC COMMON G90078109 307,000 5,979 X 0 0 X 0 0
TRAVELERS P&C CAP I PFD 8.08% 893931204 23,000 1,000 X 0 0 X 0 0
TYCO INTL LTD NEW COMMON 902124106 897,000 17,900 X 0 0 X 0 0
U S WEST INC NEW COMMON 91273H101 3,000 41 X 0 0 X 0 0
UNIBANCO SPONS GDR 5,679,000 178,859 X 0 0 X 0 0
UNILEVER N V NEW YORK
SHS N 904784709 69,000 1,428 X 0 0 X 0 0
UNION PAC CORP COMMON 907818108 443,000 11,322 X 0 0 X 0 0
UNION PAC RES GROUP INC COMMON 907834105 - 1 X 0 0 X 0 0
UNION PLANTERS CORP COMMON 908068109 441,000 14,312 X 0 0 X 0 0
UNITED DOMINION RLTY TR INC COMMON 910197102 171,000 17,000 X 0 0 X 0 0
UNITED HEALTHCARE CORP COMMON 910581107 221,000 3,700 X 0 0 X 0 0
UNITED TECHNOLOGIES CORP COMMON 913017109 278,000 4,400 X 0 0 X 0 0
UNITED TECHNOLOGIES CORP COMMON 91301710 1,239,000 19,603 X 0 0 X 0 0
UNUMPROVIDENT CORP COMMON 91529Y106 183,000 10,800 X 0 0 X 0 0
US BANCORP COMMON 902973106 215,000 9,820 X 0 0 X 0 0
USX-MARATHON GROUP COMMON NEW 902905827 182,000 7,000 X 0 0 X 0 0
VERITY INC COMMON 92343C106 45,000 1,100 X 0 0 X 0 0
VIACOM INC WTS 925524126 - 1,362 X 0 0 X 0 0
VIRGINIA PWR CAP TR PFD 8.050% 928082205 23,000 1,000 X 0 0 X 0 0
VODAFONE AIRTOUCH PLC SPONS ADR 92857T107 6,000 100 X 0 0 X 0 0
WAL MART STORES INC COMMON 931142103 2,167,000 38,350 X 0 0 X 0 0
WALGREEN CO 931422109 52,000 2,000 X 0 0 X 0 0
WALMART DE MEXICO LOCAL V 2135212 1,362,000 574,860 X 0 0 X 0 0
WALT DISNEY CO COMMON 254687106 322,000 7,800 X 0 0 X 0 0
WARNER LAMBERT CO COMMON 934488107 752,000 7,700 X 0 0 X 0 0
WASHINGTON POST CO CL B 939640108 54,000 100 X 0 0 X 0 0
WASTE MGMT INC COMMON 94106L109 240,000 17,500 X 0 0 X 0 0
WEETABIX COMMON 94857989 125,000 2,250 X 0 0 X 0 0
WEINGARTEN RLTY INVST REIT 948741103 55,000 1,497 X 0 0 X 0 0
WELLS FARGO & CO COMMON 949740104 17,000 450 X 0 0 X 0 0
WELLS FARGO & CO NEW COMMON 949746101 68,000 1,740 X 0 0 X 0 0
15
<PAGE>
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(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
WENDYS INTL INC COMMON 950590109 55,000 2,700 X 0 0 X 0 0
WERNER ENTERPRISES INC COMMON 950755108 16,000 937 X 0 0 X 0 0
WESTERN RESOURCES INC COMMON 959425109 16,000 1,000 X 0 0 X 0 0
WESTNGHOUSE AIR BRAKE CO NEW COMMON 960386100 159,000 15,000 X 0 0 X 0 0
WHITMAN CORP COMMON NEW 96647R107 167,000 12,000 X 0 0 X 0 0
WILEY JOHN & SONS INC CL A COMMON 968223206 317,000 17,600 X 0 0 X 0 0
WOOLWORTHS LTD COMMON 6981239 - 434 X 0 0 X 0 0
WORLDCOM INC COMMON 55268B106 408,000 9,005 X 0 0 X 0 0
XEROX CORP COMMON 984121103 640,000 24,600 X 0 0 X 0 0
XILINX INC COMMON 983919101 340,000 4,100 X 0 0 X 0 0
YAHOO INC COMMON 984332106 45,000 260 X 0 0 X 0 0
ZALE CORP COMMON NEW 988858106 104,000 2,200 X 0 0 X 0 0
</TABLE>
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