<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number: ________
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CALAMOS ASSET MANAGEMENT, INC.
Address: 1111 East Warrenville Road
Naperville, Illinois 60563-1493
Form 13F File Number: 28-2864
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:
Name: James S. Hamman, Jr.
Title: Senior Vice President & General Counsel
Phone: (630) 245-7200
Signature, Place, and Date of Signing:
/s/ James S. Hamman, Jr. Naperville, Illinois May 4, 2000
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
28-_____________ _________________________________________
[Repeat as necessary.]
<PAGE> 2
FORM 13F
SUMMARY PAGE
Report Summary:
Number of Other Included Managers:
-----------------------
Form 13F Information Table Entry Total: 306
-----------------------
Form 13F Information Table Value Total: $2,253,801
-----------------------
(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.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
----- ------------------- ------------------------
[Repeat as necessary.]
<PAGE> 3
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ADT OPERATIONS (LYONS) LIQUID YIELD OPTION NOTES DUE 000945AC9 2223 816 SH SOLE NONE
AES CORP 4.50% Junior Convertible Subor 00130HAN5 209 136 SH SOLE NONE
AMER CLASSIC VOY 7% Convertible Preferred Stock 001648203 13618 273720 SH SOLE NONE
AVX CORP COMMON 002444107 917 12100 SH SOLE NONE
ABGENIX INC COMMON STOCK 00339B107 553 4000 SH SOLE NONE
ACTIVISION INC COMMON STOCK 004930202 194 16100 SH SOLE NONE
ACTIVISION INC REGISTERED 6.75% Convertible Subordinated 004930AC7 496 570 SH SOLE NONE
ACTUATE CORP COMMON STOCK 00508B102 640 11900 SH SOLE NONE
ADAPTEC INC (4.75) 4.75% Convertible Bond due 200 00651FAC2 43139 46415 SH SOLE NONE
ADOBE SYSTEMS COMMON STOCK 00724F101 1002 9000 SH SOLE NONE
ADTRAN INC COMMON 00738A106 594 10000 SH SOLE NONE
ADVANCED ENERGY IND 5.25% Convertible Debentures d 007973AA8 5378 4445 SH SOLE NONE
AFFILIATED COMPUTER SVCS -A COMMON STOCK CLASS A SHARES P 008190100 354 9325 SH SOLE NONE
AFFILIATED COMP SRVCS 144A(R) 4% Convertible Subordinated No 008190AC4 261 250 SH SOLE NONE
AFFILIATED COMP REGISTERED 4% Convertible Subordinated No 008190AD2 3051 2923 SH SOLE NONE
AFFYMETRIX INC 144A(R) 5.0% Convertible Notes due 200 00826TAA6 541 400 SH SOLE NONE
AFFYMETRIX INC 144A(R) 4.75% 4.75% Convertible Sub Notes du 00826TAC2 520 745 SH SOLE NONE
ALEXION PHARMA 144A(R) 5.75% CONVERTIBLE SUBORDINATED 015351AA7 389 493 SH SOLE NONE
ALKERMES INC 6.5% Convertible Preferred Sto 01642T405 2656 16745 SH SOLE NONE
ALKERMES INC 144A(R)3.75% 3.75% CONVERTIBLE SUBORDINATED 01642TAA6 291 350 SH SOLE NONE
ALPHARMA INC 144A(R) 5.75% Convertible Subordinated 020813AA9 540 400 SH SOLE NONE
ALPHARMA INC 144A(R) 3% Senior Subordinated Convert 020813AC5 2164 1742 SH SOLE NONE
ALZA CORP COMMON STOCK 022615108 588 15650 SH SOLE NONE
ALZA CORP LIQUID YIELD OPTION NOTES DUE 022615AC2 91810 170845 SH SOLE NONE
ALZA CORP 5% Convertible Subordinated De 022615AD0 44099 40551 SH SOLE NONE
AMAZON.COM INC COMMON STOCK 023135106 367 5475 SH SOLE NONE
AMERICA ONLINE 144A 4% Convertible Bonds due 2002 02364JAA2 4167 400 SH SOLE NONE
AMERICA ONLINE REGISTERED 4% Convertible Bonds due 2002 02364JAB0 250 24 SH SOLE NONE
AMERICA ONLINE 0% Zero Coupon Convertible Subord 02364JAC8 9842 17956 SH SOLE NONE
AMER GENERAL (MIPS) CONVERTIBLE MIPS, SERIES A 02637G200 895 12609 SH SOLE NONE
AMERICAN TOWER COMMON STOCK 029912201 301 6100 SH SOLE NONE
AMER TOWER CORP 144A 6.25% Convertible Notes issued 029912AA0 2155 1011 SH SOLE NONE
AMER TOWER CORP 144A(R)5% 5% Convertible Sub notes due 2 029912AE2 1611 1440 SH SOLE NONE
AMER SUPERCON COMMON 030111108 467 10500 SH SOLE NONE
AMKOR TECH INC COMMON STOCK 031652100 373 7025 SH SOLE NONE
ANADIGICS CORP COMMON STOCK 032515108 564 8550 SH SOLE NONE
ANALOG DEVICES COMMON STOCK 032654105 910 11300 SH SOLE NONE
ANTEC CORP 144A(R) 4.5% Convertible Bonds due 200 03664PAA3 577 300 SH SOLE NONE
APACHE CORP (ACES) 6.50% Automatically Convertibl 037411600 5533 122950 SH SOLE NONE
APPLD MICRO CIR COMMON STOCK 03822W109 1861 12400 SH SOLE NONE
ARCHSTONE COMUN $1.75 SERIES A CONVERTIBLE PRE 039581202 264 9825 SH SOLE NONE
ARKANSAS BEST CORP COMMON STOCK 040790107 265 25275 SH SOLE NONE
ARKANSAS BEST CORPORATION $2.875 SERIES A CUMULATIVE CON 040790206 7403 197425 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- --------------------------------------------------------------------
<S> <C> <C> <C>
ADT OPERATIONS (LYONS) 116 700
AES CORP 97 39
AMER CLASSIC VOY 225710 48010
AVX CORP 12100 0
ABGENIX INC 4000 0
ACTIVISION INC 4000 12100
ACTIVISION INC REGISTERED 140 430
ACTUATE CORP 11900 0
ADAPTEC INC (4.75) 28164 18251
ADOBE SYSTEMS 9000 0
ADTRAN INC 10000 0
ADVANCED ENERGY IND 4218 227
AFFILIATED COMPUTER SVCS -A 3550 5775
AFFILIATED COMP SRVCS 144A(R) 250 0
AFFILIATED COMP REGISTERED 1400 1523
AFFYMETRIX INC 144A(R) 400 0
AFFYMETRIX INC 144A(R) 4.75% 545 200
ALEXION PHARMA 144A(R) 293 200
ALKERMES INC 9745 7000
ALKERMES INC 144A(R)3.75% 350 0
ALPHARMA INC 144A(R) 400 0
ALPHARMA INC 144A(R) 1742 0
ALZA CORP 7850 7800
ALZA CORP 118298 52547
ALZA CORP 23846 16705
AMAZON.COM INC 2675 2800
AMERICA ONLINE 144A 400 0
AMERICA ONLINE REGISTERED 24 0
AMERICA ONLINE 0% 13546 4410
AMER GENERAL (MIPS) 12594 15
AMERICAN TOWER 3500 2600
AMER TOWER CORP 144A 1011 0
AMER TOWER CORP 144A(R)5% 1240 200
AMER SUPERCON 10500 0
AMKOR TECH INC 3475 3550
ANADIGICS CORP 8550 0
ANALOG DEVICES 11300 0
ANTEC CORP 144A(R) 300 0
APACHE CORP (ACES) 43495 79455
APPLD MICRO CIR 12400 0
ARCHSTONE COMUN 5600 4225
ARKANSAS BEST CORP 12650 12625
ARKANSAS BEST CORPORATION 128105 69320
</TABLE>
<PAGE> 4
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ASPECT COMM COMMON STOCK 04523Q102 467 12600 SH SOLE NONE
AT HOME CORP COMMON STOCK 045919107 292 8875 SH SOLE NONE
AT HOME CORP 144A(R) OID .5246% CONVERTIBLE SUBORDINATE 045919AA5 373 700 SH SOLE NONE
AT HOME CORP 144A(R) 4.75% Convertible Subordinated 045919AD9 1287 1545 SH SOLE NONE
ASYST TECH INC COMMON STOCK 04648X107 1065 18200 SH SOLE NONE
ATMEL CORP COMMON STOCK 049513104 1301 25200 SH SOLE NONE
ATMEL CORP 144A(R) 0% Convertible Subordinated de 049513AB0 34002 23426 SH SOLE NONE
ATMEL CORP REGISTERED 0% Convertible Subordinated de 049513AC8 74015 50994 SH SOLE NONE
AUTOMATIC DATA PROC COMMON STOCK 053015103 568 11766 SH SOLE NONE
BAKER HUGHES LIQUID YIELD OPTION NOTES DUE 057224AH0 20147 27134 SH SOLE NONE
BEA SYSTEMS INC 144A(R) 4% Convertible Subordinated no 073325AC6 863 700 SH SOLE NONE
BETHLEHEM STEEL $5.00 SERIES CONVERTIBLE PREFE 087509303 425 10000 SH SOLE NONE
BETHLEHEM STEEL $2.50 SERIES CONVERTIBLE PREFE 087509402 450 21310 SH SOLE NONE
BOEING CO COMMON STOCK 097023105 2428 63995 SH SOLE NONE
BRAUNS FASHIONS CORP COMMON STOCK 105658108 758 30000 SH SOLE NONE
BRIGHTPOINT INC REGISTERED LYONS DUE 2018 109473AC2 211 600 SH SOLE NONE
BRIT AIR ADR ADE 2ND INSTALL 110419306 312 5800 SH SOLE NONE
BROADWING INC 6.75% Series B 6.75% Convertible Preferred st 111620407 2078 35835 SH SOLE NONE
BURR BROWN CORP COMMON STOCK 122574106 258 4750 SH SOLE NONE
BURR BROWN CORP 144A(R) 4.25% CONVERTIBLE SUBORDINATED 122574AD8 1631 1470 SH SOLE NONE
CNF TRANSPORT (TECONS) 5% Convertible preferred TECON 12612V205 571 13430 SH SOLE NONE
CALPINE CORP COMMON STOCK 131347106 1510 16061 SH SOLE NONE
CELESTICA INC COMMON STOCK 15101Q108 743 14000 SH SOLE NONE
CHARMING SHOPPE 7.50% Convertible Subordinated 161133AA1 238 250 SH SOLE NONE
CHECKFREE HLDGS 144A(R) 6.50% Convertible Subordinated 162816AA0 344 300 SH SOLE NONE
CHECKPOINT SYSTEMS 5.25% CONVERTIBLE BONDS DUE 20 162825AB9 2432 3612 SH SOLE NONE
CHIEFTAIN INTL $1.8125 Conv. Redeemable Pfd. 168672202 724 26465 SH SOLE NONE
CHIRON CORP. 1.90% CONVERTIBLE SUBORDINATED 170040AB5 41519 23721 SH SOLE NONE
CIENA CORP COMMON STOCK 171779101 8872 70343 SH SOLE NONE
CINCINNATI FINANCIAL CORP. 5.50% CONVERTIBLE SENIOR DEBEN 172062AB7 506 200 SH SOLE NONE
CISCO SYSTEMS INC COMMON STOCK 17275R102 526 6800 SH SOLE NONE
CITIZENS UTILITIES CO (EPPICS) EPPICS (Equity Providing Prefe 177351202 15734 251740 SH SOLE NONE
CITRIX SYS INC 144A(R) 0% CONVERTIBLE SUBORDINATED NO 177376AA8 1514 1600 SH SOLE NONE
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 516 7475 SH SOLE NONE
COMCAST (SPRINT PCS) ZONES 2% ZERO PREMIUM OPTION NOTES E 200300507 1556 12335 SH SOLE NONE
COMMSCOPE INC 144A(R) 4% Convertible Subordinated no 203372AA5 29440 24690 SH SOLE NONE
COMMSCOPE INC 4% Convertible Subordinated no 203372AB3 15808 13257 SH SOLE NONE
COMVERSE TECH COMMON STOCK 205862402 1628 8616 SH SOLE NONE
COMVERSE TECH 4.5% Subordinated Debentures d 205862AF2 18750 4235 SH SOLE NONE
COMVERSE TECH 4.5% Subordinated Debentures d 205862AG0 483 109 SH SOLE NONE
CONCORD CAMERA CORP COMMON STOCK 206156101 605 11000 SH SOLE NONE
CONEXANT SYSTEMS INC COMMON STOCK 207142100 1074 15128 SH SOLE NONE
CONEXANT SYSTEMS 144A(R) 4.25% Convertible Subordinated 207142AA8 1414 450 SH SOLE NONE
CONEXANT SYSTEMS 4.25% Convertible Subordinated 207142AB6 408 130 SH SOLE NONE
CONEXANT SYSTEMS 144A(R) 4% Convertible Subordinated no 207142AD2 26018 28685 SH SOLE NONE
COR THERAPEUTIC 144A(R) 5% CONVERTIBLE SUBORDINATED BO 217753AC6 589 534 SH SOLE NONE
CORSAIR COMMUNICATIONS COMMON STOCK 220406102 285 14900 SH SOLE NONE
CREDENCE SYS CP 144A(R) 5.25% Convertible Subordinated 225302AA6 369 200 SH SOLE NONE
CURAGEN CORP 144A(R) 6% Convertible Subordinated no 23126RAA9 256 300 SH SOLE NONE
CYMER INC REGISTERED 3.50% Coupon till 2000 then 7. 232572AC1 253 215 SH SOLE NONE
CYPRESS SEMICON 6% Convertible Subordinated no 232806AD1 639 300 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- ------------------------------------------------------------------------------------
<S> <C> <C> <C>
ASPECT COMM 12600 0
AT HOME CORP 4375 4500
AT HOME CORP 144A(R) OID 700 0
AT HOME CORP 144A(R) 1295 250
ASYST TECH INC 18200 0
ATMEL CORP 25200 0
ATMEL CORP 144A(R) 22131 1295
ATMEL CORP REGISTERED 27703 23291
AUTOMATIC DATA PROC 11766 0
BAKER HUGHES 18278 8856
BEA SYSTEMS INC 144A(R) 700 0
BETHLEHEM STEEL 10000 0
BETHLEHEM STEEL 7755 13555
BOEING CO 63765 230
BRAUNS FASHIONS CORP 30000 0
BRIGHTPOINT INC REGISTERED 600 0
BRIT AIR ADR 5800 0
BROADWING INC 6.75% Series B 17560 18275
BURR BROWN CORP 2850 1900
BURR BROWN CORP 144A(R) 1270 200
CNF TRANSPORT (TECONS) 8680 4750
CALPINE CORP 14961 1100
CELESTICA INC 14000 0
CHARMING SHOPPE 250 0
CHECKFREE HLDGS 144A(R) 300 0
CHECKPOINT SYSTEMS 3104 508
CHIEFTAIN INTL 12645 13820
CHIRON CORP. 12912 10809
CIENA CORP 70220 123
CINCINNATI FINANCIAL CORP. 200 0
CISCO SYSTEMS INC 0 6800
CITIZENS UTILITIES CO (EPPICS) 102585 149155
CITRIX SYS INC 144A(R) 1600 0
CLEAR CHANNEL COMMUNICATIONS 3575 3900
COMCAST (SPRINT PCS) ZONES 6615 5720
COMMSCOPE INC 144A(R) 21520 3170
COMMSCOPE INC 6410 6847
COMVERSE TECH 8616 0
COMVERSE TECH 3935 300
COMVERSE TECH 86 23
CONCORD CAMERA CORP 11000 0
CONEXANT SYSTEMS INC 13918 1210
CONEXANT SYSTEMS 144A(R) 450 0
CONEXANT SYSTEMS 130 0
CONEXANT SYSTEMS 144A(R) 26950 1735
COR THERAPEUTIC 144A(R) 534 0
CORSAIR COMMUNICATIONS 14900 0
CREDENCE SYS CP 144A(R) 200 0
CURAGEN CORP 144A(R) 300 0
CYMER INC REGISTERED 215 0
CYPRESS SEMICON 300 0
</TABLE>
<PAGE> 5
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CYPRESS SEMICONDUCTOR 4% Convertible Subordinated No 232806AE9 71185 55789 SH SOLE NONE
DSP GROUP INC COMMON STOCK 23332B106 1162 17600 SH SOLE NONE
DIAMOND OFFSHORE DRILLING COMMON STOCK 25271C102 647 16200 SH SOLE NONE
DIAMOND OFFSHORE DRILLING 3.75 Convertible Subordinated 25271CAA0 29219 25694 SH SOLE NONE
DIGITAL ISLAND 6% Convertible Sub notes due 2 25385NAA9 464 660 SH SOLE NONE
DOUBLECLICK INC 144A(R) 4.75% CONVERTIBLE NOTES DUE 20 258609AA4 630 270 SH SOLE NONE
DUSA PHARMACEUTICALS INC COMMON STOCK 266898105 251 10500 SH SOLE NONE
EMC CORP-MASS COMMON STOCK 268648102 1880 15038 SH SOLE NONE
EMC CORP 6% (was DGN) 6% Convertible Subordinated no 268648AE2 977 651 SH SOLE NONE
EMC CORP 6% 144A 6% Convertible Subordinated no 268648AF9 278 185 SH SOLE NONE
ECHOSTAR COMMUNICATIONS COMMON STOCK 278762109 2765 35000 SH SOLE NONE
EFFICIENT NTWKS COMMON STOCK 282056100 276 1775 SH SOLE NONE
EFFICIENT NTWKS 144A(R) 5.00% CONVERTIBLE SUBORDINATED 282056AA8 554 550 SH SOLE NONE
EL PASO ENER CAP TRUST I 4.75% Trust Convertible Prefer 283678209 2052 39087 SH SOLE NONE
ELANTEC SEMICON COMMON STOCK 284155108 596 8100 SH SOLE NONE
EMMIS COMM SERIES A 6.25% Convertible Preferred 291525202 1590 24460 SH SOLE NONE
ENRON CORP PFD 2CV $10.50 293561601 2020 1000 SH SOLE NONE
EQUITY OFFICE TRUST (PIERS) 5.25% Prefered Income Equity R 294741509 39935 1050928 SH SOLE NONE
EQUITY RES PROP $2.15 SERIES J CUMULATIVE CONV 29476L826 16452 674970 SH SOLE NONE
FEDERAL HOME LOAN MTG CORP COMMON STOCK 313400301 1370 31000 SH SOLE NONE
FINL FED CORP 144A(R) 4.5% Convertible Subordinated 317492AA4 3552 4305 SH SOLE NONE
FINL FED CORP 4.5% Convertible Subordinated 317492AC0 17657 21402 SH SOLE NONE
FIRSTAR CP NEW COMMON STOCK 33763V109 644 28071 SH SOLE NONE
GANNETT INC COMMON STOCK 364730101 2536 36040 SH SOLE NONE
GENL SEMICONDUCTOR 144A(R) 5.75% Convertible Subordinated 370787AA1 384 300 SH SOLE NONE
GENESCO INC REGISTERED 5.50% Convertible Subordinated 371532AL6 366 430 SH SOLE NONE
GENZYME CORP144A+2.7285 GZMO 5.25% Convertible Subordinated 372917AE4 906 625 SH SOLE NONE
GEOWORKS CORPORATION (DE) COMMON STOCK 373692102 570 16000 SH SOLE NONE
GETTY IMAGES REGISTERED 4.75% Convertible Subordinated 374276AC7 202 150 SH SOLE NONE
GETTY IMAGES 144A(R) 5% 5% CONVERTIBLE SUBORDINATED DE 374276AD5 540 670 SH SOLE NONE
HNC SOFTWARE INC 4.75% Convertible Subordinated 40425PAA5 415 250 SH SOLE NONE
HELIX TECHNOLOGY CORP COMMON STOCK 423319102 511 8500 SH SOLE NONE
HEWLETT PKD (LYONS) 144A(R) CONVERTIBLE SUBORDINATED (LYON 428236AA1 12148 15900 SH SOLE NONE
HEWLETT PKD (LYONS) CONVERTIBLE SUBORDINATED (LYON 428236AC7 144764 189479 SH SOLE NONE
HILTON HOTELS 5% CONVERTIBLE SUBORDINATED DE 432848AL3 361 478 SH SOLE NONE
HUMAN GENOME 144A(R) SEE NOTES 5% Convertible Subordinated no 444903AC2 348 300 SH SOLE NONE
HUMAN GENOME 144A(R) 5% Convertible Subordinated no 444903AE8 312 350 SH SOLE NONE
HUMAN GENOME 144A(R)3.75% 3.75% CONVERTIBLE SUBORDINATED 444903AG3 333 550 SH SOLE NONE
INCO LTD (DIAMOND FIELDS) 5.5% 8/21/06 SERIES E CONVERTI 453258808 10899 283080 SH SOLE NONE
INCO LTD 5.75% Convertible Debentures D 453258AK1 15199 16521 SH SOLE NONE
INCYTE PHAR INC 144A(R) 5.50% Convertible Sub. Notes d 45337CAA0 407 500 SH SOLE NONE
INHALE THERAPEU 144A(R) 6.75% Convertible Subordinated 457191AA2 605 250 SH SOLE NONE
INTEGRATED DEVICE TECH. INC. 5.5% Convertible Subordinated 458118AA4 724 526 SH SOLE NONE
INTEL CORP COMMON STOCK 458140100 443 3358 SH SOLE NONE
INTERIM SERVICES 4.5% Convertible Subordinated 45868PAA8 39620 49144 SH SOLE NONE
INTERNATIONAL PAPER COMMON STOCK 460146103 228 5325 SH SOLE NONE
INTERNET CAP GP COMMON STOCK 46059C106 296 3275 SH SOLE NONE
INTERNET CAP GRP 5.50% Convertible Subordinated 46059CAA4 1344 1495 SH SOLE NONE
INTERPUBLIC GRP OID 144A(R) 1.8% Convertible Subordinated 460690AD2 10290 7810 SH SOLE NONE
INTERPUBLIC GRP 1.8% CONVERTIBLE SUBORDINATED 460690AF7 30066 22821 SH SOLE NONE
INTERPUBLIC GRP 144A(R) 1.87% Subordinated notes due 2 460690AG5 29722 29227 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
CYPRESS SEMICONDUCTOR 37751 18038
DSP GROUP INC 17600 0
DIAMOND OFFSHORE DRILLING 6950 9250
DIAMOND OFFSHORE DRILLING 14819 10875
DIGITAL ISLAND 360 300
DOUBLECLICK INC 144A(R) 270 0
DUSA PHARMACEUTICALS INC 10500 0
EMC CORP-MASS 15038 0
EMC CORP 6% (was DGN) 509 142
EMC CORP 6% 144A 185 0
ECHOSTAR COMMUNICATIONS 35000 0
EFFICIENT NTWKS 1125 650
EFFICIENT NTWKS 144A(R) 350 200
EL PASO ENER CAP TRUST I 14087 25000
ELANTEC SEMICON 8100 0
EMMIS COMM SERIES A 12720 11740
ENRON CORP 0 1000
EQUITY OFFICE TRUST (PIERS) 538370 512558
EQUITY RES PROP 373685 301285
FEDERAL HOME LOAN MTG CORP 31000 0
FINL FED CORP 144A(R) 3880 425
FINL FED CORP 16394 5008
FIRSTAR CP NEW 0 28071
GANNETT INC 35600 440
GENL SEMICONDUCTOR 144A(R) 300 0
GENESCO INC REGISTERED 430 0
GENZYME CORP144A+2.7285 GZMO 625 0
GEOWORKS CORPORATION (DE) 16000 0
GETTY IMAGES REGISTERED 150 0
GETTY IMAGES 144A(R) 5% 670 0
HNC SOFTWARE INC 250 0
HELIX TECHNOLOGY CORP 8500 0
HEWLETT PKD (LYONS) 144A(R) 15900 0
HEWLETT PKD (LYONS) 114098 75381
HILTON HOTELS 474 4
HUMAN GENOME 144A(R) SEE NOTES 300 0
HUMAN GENOME 144A(R) 350 0
HUMAN GENOME 144A(R)3.75% 350 200
INCO LTD (DIAMOND FIELDS) 228265 54815
INCO LTD 11821 4700
INCYTE PHAR INC 144A(R) 500 0
INHALE THERAPEU 144A(R) 250 0
INTEGRATED DEVICE TECH. INC. 526 0
INTEL CORP 2650 708
INTERIM SERVICES 34703 14441
INTERNATIONAL PAPER 2525 2800
INTERNET CAP GP 1075 2200
INTERNET CAP GRP 1095 400
INTERPUBLIC GRP OID 144A(R) 7405 405
INTERPUBLIC GRP 11526 11295
INTERPUBLIC GRP 144A(R) 28117 1110
</TABLE>
<PAGE> 6
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
INTERPUBLIC GRP 1.87 REGISTERD 1.87% Subordinated notes due 2 460690AJ9 6070 5969 SH SOLE NONE
INTERVOICE-BRIT COMMON STOCK 461142101 462 16000 SH SOLE NONE
INVITROGEN 144A(R) 5.50% CONVERTIBLE SUBORDINATED 46185RAA8 265 330 SH SOLE NONE
I2 TECHNOLOGIES 144A(R) 5.25% Convertible Subordinated 465754AD1 19392 11277 SH SOLE NONE
JUNIPER NETWRKS 4.75% CONVERTIBLE SUBORDINATED 48203RAA2 63378 62979 SH SOLE NONE
KEITHLEY INSTRUMENTS INC COMMON STOCK 487584104 286 6000 SH SOLE NONE
KEMET CORP COMMON STOCK 488360108 822 13000 SH SOLE NONE
KENT ELECTRONIC 4.5% Convertible Subordinated 490553AA2 7269 8404 SH SOLE NONE
KERR-MCGEE CORP 7.50% Subordinated Debentures 492386AL1 4467 4752 SH SOLE NONE
KERR-MCGEE CORP 5.25% 5.25% Convertible Sub Notes du 492386AP2 26729 23208 SH SOLE NONE
K MART FINANCING 7.75% 6/15/16 SERIES 498778208 1775 41230 SH SOLE NONE
KONINKLIJKE(PHILIPS ELECTRONI) NY REG SHARES 500472204 331 1932 SH SOLE NONE
KULICKE & SOFFA INDUSTRIES COMMON STOCK 501242101 846 13200 SH SOLE NONE
KULICKE & SOFFA 144A(R) 4.75% Convertible Subordinated 501242AC5 456 300 SH SOLE NONE
LCC INTL INC CL A 501810105 705 17800 SH SOLE NONE
LSI LOGIC 144A(R) 4.25% Convertible Notes due 20 502161AB8 3593 768 SH SOLE NONE
LSI LOGIC 4% 4% Convertible Sub Notes due 2 502161AE2 62625 51332 SH SOLE NONE
LTX CORP. PUT 502392103 587 13000 SH SOLE NONE
LABORATORY CP (TOPR-like) 8.50% Trust Convertible prefer 50540R201 250 3200 SH SOLE NONE
LAM RESEARCH CORP COMMON STOCK 512807108 717 15900 SH SOLE NONE
LAM RESEARCH 144A(R) 5% Convertible Subordinated no 512807AB4 397 250 SH SOLE NONE
LAMAR ADVER CO 5.25% CONVERTIBLE NOTES DUE 20 512815AF8 871 750 SH SOLE NONE
LATTICE SEMICONDUCTOR COMMON STOCK 518415104 3802 56170 SH SOLE NONE
LATTICE SEMICONDUCTOR 144A(R) 4.75% Convertible Subordinated 518415AA2 792 450 SH SOLE NONE
LEARNING TREE COMMON STOCK 522015106 1207 34005 SH SOLE NONE
LENNAR CORP OID Zero Coupon Convertible Debent 526057AA2 7061 16504 SH SOLE NONE
LEVEL 3 COMM COMMON STOCK 52729N100 397 3750 SH SOLE NONE
LIZ CLAIBORNE INC LIZ CLAIBORNE INC COMMON STOCK 539320101 4377 95530 SH SOLE NONE
MGIC INVT CP COMMON STOCK 552848103 4693 107565 SH SOLE NONE
MAGNA INTL CL A 5% CONVERTIBLE SUBORDINATED DE 559222AE4 33074 34087 SH SOLE NONE
MAGNA INTERNATIONAL 4.875% CONVERTIBLE SUBORDINATE 559222AG9 40847 46682 SH SOLE NONE
MAIL.COM INC 144A(R) 7% Convertible Subordinated no 560311AA0 8113 7925 SH SOLE NONE
MAIL-WELL INC 5% Convertible Subordinated no 560321AD3 565 700 SH SOLE NONE
MARRIOTT INTERNATIONAL -CL A COMMON STOCK 571903202 2318 73584 SH SOLE NONE
MATTSON TECH COMMON STOCK 577223100 980 23000 SH SOLE NONE
MEASUREMENT(EC) COMMON STOCK 583421102 278 11000 SH SOLE NONE
MICROSOFT CORP COMMON STOCK 594918104 680 6400 SH SOLE NONE
MICRON TECH 7% Convertible Subordinated No 595112AB9 1763 941 SH SOLE NONE
MILLENNIUM PHAR 144A(R) 5.50% Convertible Subordinated 599902AA1 476 510 SH SOLE NONE
PHARMACIA CORP (ACES)-MONSANTO 6.5% ACES 611662305 43670 954527 SH SOLE NONE
MOTOROLA INC MOTOROLA INC COMMON STOCK 620076109 732 5143.131 SH SOLE NONE
MOTOROLA INC Liquid Yield Option Notes due 620076AJ8 19708 12094 SH SOLE NONE
NEC CORP ADR 629050204 312 2100 SH SOLE NONE
NTL INCORPORATED COMMON STOCK 629407107 253 2725 SH SOLE NONE
NATIONAL AUSTRALIA BK 7.875% Convertible Preferred S 632525309 91240 3791693 SH SOLE NONE
NATIONAL AUSTRALIA BK -SP ADR SPONSORED AMERICAN DEPOSITORY 632525408 390 6025 SH SOLE NONE
NATIONAL CITY CORP COMMON STOCK 635405103 241 11692 SH SOLE NONE
NETWORK ASSOC 144A 0% Convertible Subordinated No 640938AA4 270 700 SH SOLE NONE
NEWFIELD EXPL COMMON STOCK 651290108 285 8075 SH SOLE NONE
NEWFIELD FINL TRUST I(QUIPS) 6.50% QUIPS DUE 2029 651291205 939 16250 SH SOLE NONE
NEXTEL COMMUNICATION COMMON STOCK 65332V103 371 2500 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- -------------------------------------------------------------------------------
<S> <C> <C> <C>
INTERPUBLIC GRP 1.87 REGISTERD 3082 2887
INTERVOICE-BRIT 16000 0
INVITROGEN 144A(R) 330 0
I2 TECHNOLOGIES 144A(R) 10810 467
JUNIPER NETWRKS 44071 18908
KEITHLEY INSTRUMENTS INC 6000 0
KEMET CORP 13000 0
KENT ELECTRONIC 4858 3546
KERR-MCGEE CORP 4735 17
KERR-MCGEE CORP 5.25% 15237 7971
K MART FINANCING 41230 0
KONINKLIJKE(PHILIPS ELECTRONI) 1932 0
KULICKE & SOFFA INDUSTRIES 13200 0
KULICKE & SOFFA 144A(R) 300 0
LCC INTL INC 17800 0
LSI LOGIC 144A(R) 768 0
LSI LOGIC 4% 35752 15580
LTX CORP. 13000 0
LABORATORY CP (TOPR-like) 3200 0
LAM RESEARCH CORP 15900 0
LAM RESEARCH 144A(R) 250 0
LAMAR ADVER CO 750 0
LATTICE SEMICONDUCTOR 49320 6850
LATTICE SEMICONDUCTOR 144A(R) 450 0
LEARNING TREE 33925 80
LENNAR CORP OID 6734 9770
LEVEL 3 COMM 1925 1825
LIZ CLAIBORNE INC 95415 115
MGIC INVT CP 76735 30830
MAGNA INTL CL A 17423 16664
MAGNA INTERNATIONAL 29975 16707
MAIL.COM INC 144A(R) 7570 355
MAIL-WELL INC 385 315
MARRIOTT INTERNATIONAL -CL A 73584 0
MATTSON TECH 23000 0
MEASUREMENT(EC) 11000 0
MICROSOFT CORP 6400 0
MICRON TECH 941 0
MILLENNIUM PHAR 144A(R) 510 0
PHARMACIA CORP (ACES)-MONSANTO 583552 370975
MOTOROLA INC 4100 1043.131
MOTOROLA INC 4328 7766
NEC CORP 2100 0
NTL INCORPORATED 1819 906
NATIONAL AUSTRALIA BK 2402770 1388923
NATIONAL AUSTRALIA BK -SP ADR 2125 3900
NATIONAL CITY CORP 0 11692
NETWORK ASSOC 144A 700 0
NEWFIELD EXPL 3775 4300
NEWFIELD FINL TRUST I(QUIPS) 10100 6150
NEXTEL COMMUNICATION 1500 950
</TABLE>
<PAGE> 7
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
NORTEL NETWORKS COMMON STOCK 656569100 835 6630 SH SOLE NONE
NVIDIA CORP COMMON STOCK 67066G104 1267 15000 SH SOLE NONE
OCCIDENTAL PETROL COMMON STOCK 674599105 362 17458 SH SOLE NONE
OFFICE DEPOT INC Liquid Yield Option Notes Note 676220AB2 495 706 SH SOLE NONE
OFFSHORE LOGISTIC 6% CONVERTIBLE SUBORDINATED NO 676255AF9 288 327 SH SOLE NONE
OMNICARE INC 144A(R) 5% Convertible Subordinated De 681904AB4 224 300 SH SOLE NONE
OMNICOM GROUP INC COMMON STOCK 681919106 399 4275 SH SOLE NONE
OMNICOM GROUP 4.25% Convertible Bonds due 20 681919AE6 1264 425 SH SOLE NONE
OWENS-ILLINOIS INC 4.75% Convertible Preferred St 690768502 462 17055 SH SOLE NONE
PARK ELECTROCHEMICAL CORP SUBNT CV 5.5%06 700416AB6 362 428 SH SOLE NONE
PERICOM SEMICON COMMON STOCK 713831105 307 8600 SH SOLE NONE
PERSONNEL GROUP 5.75% Convertible Subordinated 715338AE9 1653 2522 SH SOLE NONE
PHILIP MORRIS COMPANIES INC COMMON STOCK 718154107 556 26315 SH SOLE NONE
PHILIPPINE LONG DIST Global Dep. Shares, One Share 718252703 333 8000 SH SOLE NONE
PHOTON DYNAMICS COMMON STOCK 719364101 1035 15000 SH SOLE NONE
PHOTRONICS INC 6% Convertible notes due 2004 719405AA0 304 236 SH SOLE NONE
PIONEER STANDARD ELECTRONICS COMMON STOCK 723877106 328 20850 SH SOLE NONE
POGO PRODUCING CO COMMON STOCK 730448107 465 16275 SH SOLE NONE
POGO TRUST I (QUIPS) 6.50% QUIPS due 2029 73044P208 1615 24750 SH SOLE NONE
POLYMEDICA CORP COMMON STOCK 731738100 905 15400 SH SOLE NONE
POTOMAC ELECTRIC POWER 5% Convertible Debentures Due 737679BT6 253 270 SH SOLE NONE
POWERWAVE TECH COMMON STOCK 739363109 775 6200 SH SOLE NONE
PRIMA ENERGY COMMON STOCK 741901201 385 14250 SH SOLE NONE
PRIDE INTL INC Zero Coupon Subordinated deben 741932AB3 392 1000 SH SOLE NONE
PROLOGIS TRUST 7% SERIES B CONVERTIBLE PREFER 743410300 4168 173678 SH SOLE NONE
PROTEIN DESIGN 144A(R) 5.50% Convertible Sub Notes du 74369LAA1 282 403 SH SOLE NONE
PSINET INC REGISTERED 6.75% Convertible Preferred St 74437C309 832 13000 SH SOLE NONE
QUALCOMM INC COMMON STOCK 747525103 13124 87894 SH SOLE NONE
RATIONAL SOFTWARE CORP COMMON STOCK 75409P202 1585 20720 SH SOLE NONE
RATIONAL SOFTWARE 144A(R) 5% Convertible Subordinated no 75409PAA1 9613 7800 SH SOLE NONE
RECKSON ASSOC SERIES A 7.625% Convertible preferred s 75621K205 284 15000 SH SOLE NONE
REMEDY CORP COMMON STOCK 759548100 484 11500 SH SOLE NONE
ROUSE CO Series B (6%) 6% Convertible Preferred Stock 779273309 9781 312985 SH SOLE NONE
SBC COMM--TELEMEX--(DECS) DECS 7.75%2001 78387G202 6507 52475 SH SOLE NONE
SCI SYSTEMS INC COMMON STOCK 783890106 524 9737 SH SOLE NONE
SCI SYS INC 3% CONVERTIBLE SUBORDINATED NO 783890AF3 62019 53561 SH SOLE NONE
SAFEGUARD SCTFC 144A(R) 5% Convertible Subordinated No 786449AD0 1089 360 SH SOLE NONE
ST PAUL COS INC (MIPS) 6% Convertible Monthly Income 792856205 1332 22292 SH SOLE NONE
SANMINA CORP 144A(R) 4.25% Convertible Subordinated 800907AA5 1121 700 SH SOLE NONE
SCHOLASTIC CORP SCHOLASTIC CORP COMMON STOCK 807066105 413 7650 SH SOLE NONE
SCHOLASTIC CORP 5% Convertible Subordinated De 807066AA3 215 225 SH SOLE NONE
SEAGRAM CO LTD (ACES) 7.50% ACES Due 2002 811850205 71473 1287804 SH SOLE NONE
SEACOR HOLDINGS SEACOR HOLDINGS COMMON STOCK 811904101 355 5875 SH SOLE NONE
SEACOR HOLDINGS 144A(R) 5.375% Convertible Subordinate 811904AC5 3112 3035 SH SOLE NONE
SEACOR HOLDINGS 5.375% CONVERTIBLE BONDS DUE 1 811904AE1 10951 10679 SH SOLE NONE
SEALED AIR CORP COMMON STOCK 81211K100 318 5860 SH SOLE NONE
SEALED AIR CORP (W.R.GRACE) $2.00 Convertible Preferred St 81211K209 8501 163676 SH SOLE NONE
SEMTECH CORP COMMON STOCK 816850101 263 4100 SH SOLE NONE
SEMTECH CORP 144A(R) 4.50% Convertible Sub Notes du 816850AB7 1338 1422 SH SOLE NONE
SENSORMATIC ELE 144A(R)(PIK) 6.5% Convertible Preferred sto 817265200 746 24370 SH SOLE NONE
SENSORMATIC ELE (PIK) 6.5% Convertible Preferred sto 817265804 763 24905 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- ---------------------------------------------------------------
<S> <C> <C> <C>
NORTEL NETWORKS 6630 0
NVIDIA CORP 15000 0
OCCIDENTAL PETROL 13248 4210
OFFICE DEPOT INC 706 0
OFFSHORE LOGISTIC 327 0
OMNICARE INC 144A(R) 300 0
OMNICOM GROUP INC 4260 15
OMNICOM GROUP 425 0
OWENS-ILLINOIS INC 17055 0
PARK ELECTROCHEMICAL CORP 421 7
PERICOM SEMICON 8600 0
PERSONNEL GROUP 2522 0
PHILIP MORRIS COMPANIES INC 7920 18395
PHILIPPINE LONG DIST 8000 0
PHOTON DYNAMICS 15000 0
PHOTRONICS INC 236 0
PIONEER STANDARD ELECTRONICS 8100 12750
POGO PRODUCING CO 7550 8725
POGO TRUST I (QUIPS) 18300 6450
POLYMEDICA CORP 15400 0
POTOMAC ELECTRIC POWER 270 0
POWERWAVE TECH 6200 0
PRIMA ENERGY 14250 0
PRIDE INTL INC 1000 0
PROLOGIS TRUST 92130 81548
PROTEIN DESIGN 144A(R) 403 0
PSINET INC REGISTERED 13000 0
QUALCOMM INC 65010 22884
RATIONAL SOFTWARE CORP 20600 120
RATIONAL SOFTWARE 144A(R) 7500 300
RECKSON ASSOC SERIES A 15000 0
REMEDY CORP 11500 0
ROUSE CO Series B (6%) 221149 91836
SBC COMM--TELEMEX--(DECS) 46945 5530
SCI SYSTEMS INC 5137 4600
SCI SYS INC 36325 17236
SAFEGUARD SCTFC 144A(R) 360 0
ST PAUL COS INC (MIPS) 14502 7790
SANMINA CORP 144A(R) 700 0
SCHOLASTIC CORP 5750 1900
SCHOLASTIC CORP 225 0
SEAGRAM CO LTD (ACES) 872509 415295
SEACOR HOLDINGS 1725 4150
SEACOR HOLDINGS 144A(R) 3035 0
SEACOR HOLDINGS 5086 5593
SEALED AIR CORP 2910 2950
SEALED AIR CORP (W.R.GRACE) 118811 44865
SEMTECH CORP 1900 2200
SEMTECH CORP 144A(R) 1222 200
SENSORMATIC ELE 144A(R)(PIK) 24370 0
SENSORMATIC ELE (PIK) 24785 120
</TABLE>
<PAGE> 8
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SERENA SOFTWARE COMMON STOCK 817492101 1061 33300 SH SOLE NONE
SIEBEL SYSTEMS INC COMMON STOCK 826170102 1358 11369 SH SOLE NONE
SIEBEL SYSTEMS 144A(R) 5.50% Convertible Subordinated 826170AA0 26753 10110 SH SOLE NONE
SILICON STORAGE TECH COMMON STOCK 827057100 1219 16500 SH SOLE NONE
SILICON VY BCSH COMMON STOCK 827064106 769 10700 SH SOLE NONE
SPRINT (PCS GP) COMMON STOCK 852061506 601 9200 SH SOLE NONE
STANDARD MOTOR PRODUCTS 6.75% Convertible Subordinated 853666AB1 229 320 SH SOLE NONE
STMICROELECTRON 0.00% LYONS DUE 09/22/09 861012AB8 46644 28359 SH SOLE NONE
SUIZA FOODS CORP COMMON STOCK 865077101 269 6675 SH SOLE NONE
SUPERTEX INC COMMON STOCK 868532102 463 15500 SH SOLE NONE
SYBASE INC COMMON STOCK 871130100 1068 52570 SH SOLE NONE
SYSTEMS & COMPUTER TECH 5% Convertible Bonds due 2004 871873AB1 12855 13117 SH SOLE NONE
TALK.COM INC COMMON STOCK 874264104 233 14550 SH SOLE NONE
TEKELEC INC OID 144A(R) 3.25% Subordinated notes due 2 879101AA1 429 200 SH SOLE NONE
TELECOM ITALIA SPA -SP ADR ADR 87927W106 350 2300 SH SOLE NONE
TELEFONOS DE MEXICO 4.25% Convertible Subordinated 879403AD5 86204 56411 SH SOLE NONE
TERAYON COMMUN COMMON STOCK 880775101 5737 27985 SH SOLE NONE
THERMO ELECTRON 144K 4.25% Convertible Subordinated 883556AF9 4825 5226 SH SOLE NONE
THERMO INSTRMNT (NOT 144A) 4% Convertible notes due 2005 883559AE6 17549 20142 SH SOLE NONE
THREE FIVE SYS INC COMMON STOCK 88554L108 1064 17733 SH SOLE NONE
TITAN CORP COMMON STOCK 888266103 1492 29250 SH SOLE NONE
TOSCO CORP COMMON STOCK 891490302 265 8700 SH SOLE NONE
TOWER AUTOMOTIVE 5% Convertible Subordinated No 891707AE1 515 600 SH SOLE NONE
TRIQUINT SEMICON INC COMMON STOCK 89674K103 1450 19725 SH SOLE NONE
TRIQUINT SEMI 144A(R) 4% CONVERTIBLE SUBORDINATED BO 89674KAA1 3272 4370 SH SOLE NONE
TYCO INTL LTD COMMON STOCK 902124106 399 8000 SH SOLE NONE
USX CORPORATION 6.5% Cumulative Convertible Pr 902905819 1278 32350 SH SOLE NONE
US CELLULAR Liquid Yield Option Notes 911684AA6 32502 47408 SH SOLE NONE
UTD STATIONERS COMMON STOCK 913004107 368 10300 SH SOLE NONE
UNITED INTL HLDG 144A(R) 7% Series C Cumulative Convert 913247102 762 8000 SH SOLE NONE
UNITED INTL HLDG 7% Series C Cumulative Convert 913247201 762 8000 SH SOLE NONE
UNITEDGLOBALCOM INC 7% D 7% Convertible Preferred Stock 913247805 3724 39200 SH SOLE NONE
UNIVISION COMM COMMON STOCK 914906102 542 4800 SH SOLE NONE
USINTERNETWORKING INC 144A(R) 7% Convertible subordinated no 917311AE2 20985 8595 SH SOLE NONE
VERITAS SOFTWRE 5.25% CONVERTIBLE SUBORDINATED 923436AB5 2468 180 SH SOLE NONE
VERTICALNET INC 144A(R) 5.25% Convertible Subordinated 92532LAA5 554 158 SH SOLE NONE
VIROPHARMA INC 144A(R) 6% CONVERTIBLE SUBORDINATED DE 928241AA6 265 370 SH SOLE NONE
VISHAY INTERTEC COMMON STOCK 928298108 1113 20000 SH SOLE NONE
VITESSE SEMICON COMMON STOCK 928497106 219 2275 SH SOLE NONE
VITESSE SEMICON 144A(R) 4% CONVERTIBLE SUBORDINATED BO 928497AA4 14641 14075 SH SOLE NONE
VORNADO RLTY TST -SERIES A 6.5% CONVERTIBLE PREFERRED STO 929042208 51172 1071665 SH SOLE NONE
WADDELL & REED-A COMMON STOCK 930059100 1058 25000 SH SOLE NONE
WASTE MGT INC 4% Convertible Subordinated No 94106LAA7 2342 2645 SH SOLE NONE
WELLPOINT HEALTH OID Zero Coupon Convertible Subord 94973HAA6 20865 30408 SH SOLE NONE
WENDYS INTL (TECONs) Series A 950588202 31364 667327 SH SOLE NONE
WENDY'S INTERNATIONAL INC COMMON STOCK 950590109 223 11050 SH SOLE NONE
WESTELL TECH INC -A CL A 957541105 446 14000 SH SOLE NONE
WESTERN GAS RESOURCES $2.625 CUMULATIVE CONVERTIBLE 958259301 10408 361230 SH SOLE NONE
WHOLE FOODS MKT Zero Coupon Convertible Subord 966837AC0 2370 6871 SH SOLE NONE
WIND RIVER SYS 144A(R) 5% Convertible subordinated no 973149AA5 233 200 SH SOLE NONE
YOUNG & RUBICAM COMMON STOCK 987425105 2119 45085 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- --------------------------------------------------------------------------
<S> <C> <C> <C>
SERENA SOFTWARE 33300 0
SIEBEL SYSTEMS INC 11049 320
SIEBEL SYSTEMS 144A(R) 9650 460
SILICON STORAGE TECH 16500 0
SILICON VY BCSH 10700 0
SPRINT (PCS GP) 5000 4200
STANDARD MOTOR PRODUCTS 320 0
STMICROELECTRON 16810 11549
SUIZA FOODS CORP 3750 2925
SUPERTEX INC 15500 0
SYBASE INC 52280 290
SYSTEMS & COMPUTER TECH 9201 3916
TALK.COM INC 2150 12400
TEKELEC INC OID 144A(R) 200 0
TELECOM ITALIA SPA -SP ADR 2300 0
TELEFONOS DE MEXICO 37051 19360
TERAYON COMMUN 18545 9440
THERMO ELECTRON 144K 736 4490
THERMO INSTRMNT (NOT 144A) 13625 6517
THREE FIVE SYS INC 17733 0
TITAN CORP 27375 1875
TOSCO CORP 4650 4050
TOWER AUTOMOTIVE 600 0
TRIQUINT SEMICON INC 18825 900
TRIQUINT SEMI 144A(R) 4170 200
TYCO INTL LTD 8000 0
USX CORPORATION 15635 16715
US CELLULAR 32197 15211
UTD STATIONERS 10300 0
UNITED INTL HLDG 144A(R) 8000 0
UNITED INTL HLDG 8000 0
UNITEDGLOBALCOM INC 7% D 23705 15495
UNIVISION COMM 4800 0
USINTERNETWORKING INC 144A(R) 8240 355
VERITAS SOFTWRE 180 0
VERTICALNET INC 144A(R) 158 0
VIROPHARMA INC 144A(R) 370 0
VISHAY INTERTEC 20000 0
VITESSE SEMICON 1375 900
VITESSE SEMICON 144A(R) 13315 760
VORNADO RLTY TST -SERIES A 636636 435029
WADDELL & REED-A 25000 0
WASTE MGT INC 2559 86
WELLPOINT HEALTH OID 21671 8737
WENDYS INTL (TECONs) 525001 142326
WENDY'S INTERNATIONAL INC 6650 4400
WESTELL TECH INC -A 14000 0
WESTERN GAS RESOURCES 287255 73975
WHOLE FOODS MKT 3257 3614
WIND RIVER SYS 144A(R) 200 0
YOUNG & RUBICAM 39705 5380
</TABLE>
<PAGE> 9
FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7
SHRS OR
VALUE SH/PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) I AMT PRN CALL DISCRETION MANAGERS
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
YOUNG & RUBICAM 144A(R) 3% Convertible subordinated no 987425AA3 19133 20802 SH SOLE NONE
ZORAN CORP COMMON STOCK 98975F101 298 5300 SH SOLE NONE
ZOLL MEDICAL CO COMMON STOCK 989922109 338 6600 SH SOLE NONE
ZOMAX INC COMMON STOCK 989929104 482 8000 SH SOLE NONE
GLOBAL CROSSING LTD COMMON STOCK G3921A100 5072 123895 SH SOLE NONE
TRITON ENERGY LTD ORD G90751101 877 25000 SH SOLE NONE
ROYAL CARIBBEAN CRUISES, LTD. COMMON STOCK V7780T103 30342 1083637 SH SOLE NONE
ROYAL CARIBBEAN CONVERTIBLE PREFERRED STOCK 7 V7780T111 5166 58708 SH SOLE NONE
FLEXTRONIC INTL COMMON STOCK Y2573F102 676 9600 SH SOLE NONE
<CAPTION>
COLUMN 1 COLUMN 8
VOTING AUTHORITY
NAME OF ISSUER SOLE SHARED NONE
- ----------------------------------------------------------------
<S> <C> <C> <C>
YOUNG & RUBICAM 144A(R) 19827 975
ZORAN CORP 5300 0
ZOLL MEDICAL CO 6600 0
ZOMAX INC 8000 0
GLOBAL CROSSING LTD 77115 46780
TRITON ENERGY LTD 25000 0
ROYAL CARIBBEAN CRUISES, LTD. 757342 326295
ROYAL CARIBBEAN 45358 13350
FLEXTRONIC INTL 9600 0
</TABLE>
