<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: September 30, 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.
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Address: 1111 East Warrenville Road
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Naperville, Illinois 60563-1493
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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.
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Title: Senior Vice President & General Counsel
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Phone: (630) 245-7200
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Signature, Place, and Date of Signing:
/s/ James S. Hamman, Jr. Naperville, Illinois November 14, 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: 307
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Form 13F Information Table Value Total: $2,679,892
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(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 (PERIOD ENDING SEPTEMBER 30, 2000)
<TABLE>
<CAPTION>
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6
VALUE INVESTMENT
NAME OF ISSUER TITLE OF CLASS (SECDESC) CUSIP (X$1,000) SHARES/PRN DISCRETION
<S> <C> <C> <C> <C> <C>
ADT OPERATIONS (LYONS) LIQUID YIELD OPTION NOTES DUE 000945AC9 $1970 700000 PRN SOLE
AES CORP 4.50% Junior Convertible Subor 00130HAN5 $283 110000 PRN SOLE
AMER CLASSIC VOY 7% Convertible Preferred Stock 001648203 $6205 175415 Sh SHARED
ADAPTEC INC (4.75) 4.75% Convertible Bond due 200 00651FAC2 $231 275000 PRN SOLE
ADVO INC COMMON STOCK 007585102 $7586 229865 Sh SHARED
ADVANCED ENERGY INDUSTRIES COMMON STOCK 007973100 $619 18750 Sh SHARED
ADVANCED ENERGY IND 5.25% Convertible Debentures d 007973AA8 $4027 4385000 PRN SHARED
AETHER SYSTEMS COMMON STOCK 00808V105 $214 2025 Sh SHARED
AETHER SYSTEMS 6% CONVERTIBLE SUBORDINATED DE 00808VAA3 $4810 6241000 PRN SHARED
AFFILIATED COMP SRVCS 144A(R) 4% Convertible Subordinated No 008190AC4 $325 250000 PRN SOLE
AFFILIATED COMP REGISTERED 4% Convertible Subordinated No 008190AD2 $13277 10219000 PRN SOLE
ALEXION PHARMACEUTICALS INC COMMON STOCK 015351109 $1488 13050 Sh SHARED
ALEXION PHARMA 144A(R) 5.75% CONVERTIBLE SUBORDINATED 015351AA7 $2167 1740000 PRN SHARED
ALKERMES INC 6.5% Convertible Preferred Sto 01642T405 $1478 10870 Sh SOLE
ALKERMES INC 144A(R)3.75% 3.75% CONVERTIBLE SUBORDINATED 01642TAA6 $265 350000 PRN SOLE
ALKERMES INC 3.75% 3.75% CONVERTIBLE SUBORDINATED 01642TAB4 $303 400000 PRN SOLE
ALLIANCE CAP LTD PARTNERSHIP 01855A101 $2105 42000 Sh SHARED
ALPHARMA INC 144A(R) 5.75% Convertible Subordinated 020813AA9 $861 400000 PRN SOLE
ALPHARMA INC 144A(R) 3% Senior Subordinated Convert 020813AC5 $1582 807000 PRN SHARED
ALTERA CORP COMMON STOCK 021441100 $1358 28436 Sh SHARED
ALZA CORP LIQUID YIELD OPTION NOTES DUE 022615AC2 $195647 172243000 PRN SHARED
AMAZON.COM INC COMMON STOCK 023135106 $523 13600 Sh SHARED
AMERICA ONLINE 144A 4% Convertible Bonds due 2002 02364JAA2 $3301 400000 PRN SOLE
AMERICA ONLINE 0% Zero Coupon Convertible Subord 02364JAC8 $1389 2700000 PRN SOLE
AMERICAN TOWER COMMON STOCK 029912201 $516 13700 Sh SHARED
AMER TOWER CORP 144A 6.25% Convertible Notes issued 029912AA0 $1021 600000 PRN SOLE
AMER TOWER CORP OID 2.25% Convertible OID 029912AD4 $423 350000 PRN SOLE
AMER TOWER CORP 144A(R)5% 5% Convertible Sub notes due 2 029912AE2 $2193 2270000 PRN SHARED
AMPHENOL CORP -CL A COMMON STOCK 032095101 $1281 22500 Sh SHARED
ANADARKO PETROLEUM COMMON STOCK 032511107 $3722 56000 Sh SHARED
ANALOG DEVICES COMMON STOCK 032654105 $933 11300 Sh SHARED
ANAREN MICROWAVE INC COMMON STOCK 032744104 $5300 39080 Sh SHARED
ANDRX GROUP COMMON STOCK (WAS 1ADRXD) 034553107 $13679 146495 Sh SHARED
ANIXTER INTL LYONS 144A(R) ZERO COUPON SENIOR CONVERTIBLE 035290AA3 $12640 44670000 PRN SHARED
ANIXTER INTL LYONS ZERO COUPON SENIOR CONVERTIBLE 035290AC9 $25902 91538000 PRN SHARED
ANTEC CORP 144A(R) 4.5% Convertible Bonds due 200 03664PAA3 $402 300000 PRN SOLE
APACHE CORP (ACES) 6.50% Automatically Convertibl 037411600 $8300 161745 Sh SOLE
APARTMENT INVT&MGMT (STEP-UP) 8% Convertible Preferred STEP- 03748R705 $223 8000 Sh SOLE
APPLIED FILMS COMMON STOCK 038197109 $515 19000 Sh SHARED
ARCHSTONE COMUN $1.75 SERIES A CONVERTIBLE PRE 039581202 $272 8095 Sh SOLE
ARKANSAS BEST CORPORATION $2.875 SERIES A CUMULATIVE CON 040790206 $687 15435 Sh SOLE
AT HOME CORP 144A(R) OID .5246% CONVERTIBLE SUBORDINATE 045919AA5 $307 700000 PRN SOLE
AT HOME CORP 144A(R) 4.75% Convertible Subordinated 045919AD9 $544 800000 PRN SOLE
ATMEL CORP 144A(R) 0% Convertible Subordinated de 049513AB0 $11731 13226000 PRN SHARED
ATMEL CORP REGISTERED 0% Convertible Subordinated de 049513AC8 $37200 41940000 PRN SOLE
AURORA BIOSCIENCES CORP COMMON STOCK 051920106 $884 13000 Sh SHARED
<CAPTION>
Column 1 Column 7 Column 8
OTHER VOTING AUTHORITY
NAME OF ISSUER MANAGERS SOLE SHARED NONE
<S> <C> <C> <C> <C>
ADT OPERATIONS (LYONS) None 0 700000
AES CORP None 75000 35000
AMER CLASSIC VOY None 149845 25570
ADAPTEC INC (4.75) None 275000 0
ADVO INC None 183355 46510
ADVANCED ENERGY INDUSTRIES None 13550 5200
ADVANCED ENERGY IND None 3641000 744000
AETHER SYSTEMS None 1300 725
AETHER SYSTEMS None 3786000 2455000
AFFILIATED COMP SRVCS 144A(R) None 250000 0
AFFILIATED COMP REGISTERED None 8105000 2114000
ALEXION PHARMACEUTICALS INC None 10500 2550
ALEXION PHARMA 144A(R) None 1400000 340000
ALKERMES INC None 6150 4720
ALKERMES INC 144A(R)3.75% None 350000 0
ALKERMES INC 3.75% None 400000 0
ALLIANCE CAP None 42000 0
ALPHARMA INC 144A(R) None 400000 0
ALPHARMA INC 144A(R) None 807000 0
ALTERA CORP None 28436 0
ALZA CORP None 108804000 63439000
AMAZON.COM INC None 9850 3750
AMERICA ONLINE 144A None 400000 0
AMERICA ONLINE 0% None 2700000 0
AMERICAN TOWER None 10500 3200
AMER TOWER CORP 144A None 600000 0
AMER TOWER CORP OID None 350000 0
AMER TOWER CORP 144A(R)5% None 1950000 320000
AMPHENOL CORP -CL A None 22500 0
ANADARKO PETROLEUM None 56000 0
ANALOG DEVICES None 11300 0
ANAREN MICROWAVE INC None 39040 40
ANDRX GROUP None 112150 34345
ANIXTER INTL LYONS 144A(R) None 41430000 3240000
ANIXTER INTL LYONS None 61398000 30140000
ANTEC CORP 144A(R) None 300000 0
APACHE CORP (ACES) None 82485 79260
APARTMENT INVT&MGMT (STEP-UP) None 8000 0
APPLIED FILMS None 19000 0
ARCHSTONE COMUN None 5440 2655
ARKANSAS BEST CORPORATION None 7295 8140
AT HOME CORP 144A(R) OID None 700000 0
AT HOME CORP 144A(R) None 800000 0
ATMEL CORP 144A(R) None 12621000 605000
ATMEL CORP REGISTERED None 23816000 18124000
AURORA BIOSCIENCES CORP None 13000 0
</TABLE>
Page 1 of 6
<PAGE> 4
<TABLE>
<S> <C> <C> <C> <C> <C>
AUTOMATIC DATA PROC COMMON STOCK 053015103 $787 11766 Sh SOLE
AVIRON INC REGISTERED 5.75% Convertible Subordinated 053762AC4 $288 150000 PRN SOLE
BAKER HUGHES LIQUID YIELD OPTION NOTES DUE 057224AH0 $24109 30113000 PRN SHARED
BARRA INC COMMON STOCK 068313105 $1899 30600 Sh SHARED
BEA SYSTEMS INC 144A(R) 4% Convertible Subordinated no 073325AC6 $1658 700000 PRN SOLE
BIOVAIL CORP 6.75% CONVERTIBLE PREFERRED ST 09067J208 $20333 271100 Sh SHARED
BOEING CO COMMON STOCK 097023105 $7259 115230 Sh SHARED
BROADWING INC (old CSN) COMMON STOCK 111620100 $920 36000 Sh SHARED
BROADWING INC 6.75% Series B 6.75% Convertible Preferred st 111620407 $2200 47195 Sh SHARED
TEXAS INSTR (BBRC) 144A 4.25% CONVERTIBLE SUBORDINATED 122574AD8 $2139 1590000 PRN SHARED
C&D TECH INC COMMON STOCK 124661109 $10929 192575 Sh SHARED
CDW COMPUTER CENTERS INC COMMON STOCK 125129106 $4288 62150 Sh SHARED
CNF TRANSPORT (TECONS) 5% Convertible preferred TECON 12612V205 $2600 69800 Sh SHARED
CNF TRANSPORTATION INC COMMON STOCK 12612W104 $978 43975 Sh SHARED
CNET NETWORKS INC COMMON STOCK 12613R104 $592 24300 Sh SHARED
CV THERAPEUTICS 144A(R) 4.75% CONVERTIBLE SUBORDINATED 126667AA2 $12398 9229000 PRN SHARED
CALPINE CORP COMMON STOCK 131347106 $1526 14625 Sh SHARED
CAREER EDU CORP COMMON STOCK 141665109 $6322 142060 Sh SHARED
CAREMARK RX INC COMMON STOCK 141705103 $1125 100000 Sh SHARED
CELESTICA INC LYONS LYONS DUE 2020 15101QAA6 $19787 40177000 PRN SHARED
CELGENE CORP COMMON STOCK 151020104 $4350 73105 Sh SHARED
CHARMING SHOPPE 7.50% Convertible Subordinated 161133AA1 $227 250000 PRN SOLE
CHECKFREE HLDGS 144A(R) 6.50% Convertible Subordinated 162816AA0 $269 300000 PRN SOLE
CHECKPOINT SYSTEMS 5.25% CONVERTIBLE BONDS DUE 20 162825AB9 $729 1122000 PRN SOLE
CHIEFTAIN INTL $1.8125 Conv. Redeemable Pfd. 168672202 $495 18000 Sh SOLE
CHIRON CORP COMMON STOCK 170040109 $7521 167129 Sh SOLE
CHRISTOPHER&BNK COMMON STOCK 171046105 $2333 60000 Sh SHARED
CIENA CORP COMMON STOCK 171779101 $14803 120530 Sh SHARED
CINCINNATI FINANCIAL CORP. 5.50% CONVERTIBLE SENIOR DEBEN 172062AB7 $477 200000 PRN SOLE
CISCO SYSTEMS INC COMMON STOCK 17275R102 $376 6800 Sh SOLE
CITIZENS UTILITIES CO (EPPICS) EPPICS (Equity Providing Prefe 177351202 $13960 257325 Sh SOLE
CLEAR CHANNEL COMMUNICATIONS COMMON STOCK 184502102 $321 5675 Sh SHARED
COMCAST (SPRINT PCS) ZONES 2% ZERO PREMIUM OPTION NOTES E 200300507 $556 8125 Sh SOLE
COMMSCOPE INC 144A(R) 4% Convertible Subordinated no 203372AA5 $448 520000 PRN SOLE
COMMSCOPE INC 4% Convertible Subordinated no 203372AB3 $674 783000 PRN SOLE
COMVERSE TECH 4.5% Subordinated Debentures d 205862AF2 $1769 350000 PRN SOLE
COMVERSE TECH 4.5% Subordinated Debentures d 205862AG0 $495 98000 PRN SOLE
CONCORD CAMERA CORP COMMON STOCK 206156101 $871 34000 Sh SHARED
CONEXANT SYSTEMS 144A(R) 4.25% Convertible Subordinated 207142AA8 $872 450000 PRN SOLE
CONEXANT SYSTEMS 4.25% Convertible Subordinated 207142AB6 $314 162000 PRN SOLE
CONEXANT SYSTEMS 144A(R) 4% Convertible Subordinated no 207142AD2 $2129 2920000 PRN SOLE
CONEXANT SYSTEMS 4% Convertible Subordinated no 207142AF7 $35541 48755000 PRN SOLE
CRITICAL PATH COMMON STOCK 22674V100 $529 8700 Sh SHARED
CRITICAL PATH 5.75% 5.75% CONVERTIBLE SUBORDINATED 22674VAB6 $1397 1570000 PRN SHARED
CYPRESS SEMICONDUCTOR CORP COMMON STOCK 232806109 $533 12825 Sh SHARED
CYPRESS SEMICON 6% Convertible Subordinated no 232806AD1 $531 300000 PRN SOLE
CYPRESS SEMICONDUCTOR 4% Convertible Subordinated No 232806AE9 $69553 61011000 PRN SHARED
CYPRESS SEMICON 3.75% 3.75% Convertible Sub notes du 232806AF6 $13130 13760000 PRN SHARED
DST SYSTEMS COMMON STOCK 233326107 $5437 46275 Sh SHARED
DEVON ENERGY ZERO 144A(R) ZERO COUPON SENIOR CONVERTIBLE 25179MAC7 $18040 37535000 PRN SHARED
DIAGNOSTIC PROD COMMON STOCK 252450101 $1233 23000 Sh SHARED
DIAMOND OFFSHORE DRILLING COMMON STOCK 25271C102 $687 16750 Sh SHARED
<CAPTION>
<S> <C> <C> <C> <C>
AUTOMATIC DATA PROC None 11766 0
AVIRON INC REGISTERED None 150000 0
BAKER HUGHES None 20740000 9373000
BARRA INC None 30600 0
BEA SYSTEMS INC 144A(R) None 700000 0
BIOVAIL CORP None 239475 31625
BOEING CO None 115230 0
BROADWING INC (old CSN) None 33900 2100
BROADWING INC 6.75% Series B None 36945 10250
TEXAS INSTR (BBRC) 144A None 1590000 0
C&D TECH INC None 157240 35335
CDW COMPUTER CENTERS INC None 62085 65
CNF TRANSPORT (TECONS) None 54150 15650
CNF TRANSPORTATION INC None 34200 9775
CNET NETWORKS INC None 17300 7000
CV THERAPEUTICS 144A(R) None 8854000 375000
CALPINE CORP None 11675 2950
CAREER EDU CORP None 141890 170
CAREMARK RX INC None 100000 0
CELESTICA INC LYONS None 36573000 3604000
CELGENE CORP None 73025 80
CHARMING SHOPPE None 250000 0
CHECKFREE HLDGS 144A(R) None 300000 0
CHECKPOINT SYSTEMS None 670000 452000
CHIEFTAIN INTL None 8755 9245
CHIRON CORP None 69759 97370
CHRISTOPHER&BNK None 60000 0
CIENA CORP None 120472 58
CINCINNATI FINANCIAL CORP. None 200000 0
CISCO SYSTEMS INC None 0 6800
CITIZENS UTILITIES CO (EPPICS) None 122040 135285
CLEAR CHANNEL COMMUNICATIONS None 4225 1450
COMCAST (SPRINT PCS) ZONES None 3620 4505
COMMSCOPE INC 144A(R) None 505000 15000
COMMSCOPE INC None 366000 417000
COMVERSE TECH None 300000 50000
COMVERSE TECH None 75000 23000
CONCORD CAMERA CORP None 34000 0
CONEXANT SYSTEMS 144A(R) None 450000 0
CONEXANT SYSTEMS None 150000 12000
CONEXANT SYSTEMS 144A(R) None 2900000 20000
CONEXANT SYSTEMS None 26216000 22539000
CRITICAL PATH None 5950 2750
CRITICAL PATH 5.75% None 1080000 490000
CYPRESS SEMICONDUCTOR CORP None 8950 3875
CYPRESS SEMICON None 300000 0
CYPRESS SEMICONDUCTOR None 42150000 18861000
CYPRESS SEMICON 3.75% None 11259000 2501000
DST SYSTEMS None 46240 35
DEVON ENERGY ZERO 144A(R) None 35020000 2515000
DIAGNOSTIC PROD None 23000 0
DIAMOND OFFSHORE DRILLING None 11050 5700
</TABLE>
Page 2 of 6
<PAGE> 5
<TABLE>
<S> <C> <C> <C> <C> <C>
DIAMOND OFFSHORE DRILLING 3.75 Convertible Subordinated 25271CAA0 $21224 18910000 PRN SOLE
DISNEY WALT CO COMMON STOCK 254687106 $956 25000 Sh SHARED
DIRECT FOCUS COMMON STOCK 254931108 $1177 29600 Sh SHARED
DOUBLECLICK INC COMMON STOCK 258609304 $909 28400 Sh SHARED
DOUBLECLICK INC 144A(R) 4.75% CONVERTIBLE NOTES DUE 20 258609AA4 $262 270000 PRN SOLE
DOUBLECLICK INC 4.75% CONVERTIBLE NOTES DUE 20 258609AC0 $1380 1420000 PRN SHARED
DUPONT (DUPONT PHOTOMASK) 0% CONVERTIBLE SUBORDINATED NO 26613XAC5 $6877 7049000 PRN SOLE
ECHOSTAR COMM 144A(R) 4.875% Convertible Subordinate 278762AB5 $1737 1300000 PRN SOLE
EL PASO ENER CAP TRUST I 4.75% Trust Convertible Prefer 283678209 $12116 155090 Sh SHARED
ELANTEC SEMICON COMMON STOCK 284155108 $2142 21500 Sh SHARED
EMCOR GROUP INC COMMON STOCK 29084Q100 $1097 42200 Sh SHARED
EMCOR GROUP INC 5.75% Convertible Subordinated 29084QAC4 $2153 2070000 PRN SHARED
EMMIS COMM SERIES A 6.25% Convertible Preferred 291525202 $716 17565 Sh SOLE
ENRON CORP Pfd 2CV $10.50 293561601 $5158 2156 Sh SOLE
EQUITABLE RES COMMON STOCK 294549100 $4718 74445 Sh SHARED
EQUITY OFFICE TRUST (PIERS) 5.25% Prefered Income Equity R 294741509 $75135 1633368 Sh SHARED
EQUITY RES PROPS 7.25% Convertible Preferred st 29476L859 $37223 1645210 Sh SHARED
EQUITY RES PROPS 7% Convertible preferred 29476L883 $1044 39026 Sh SOLE
ESCO TECH INC COMMON STOCK 296315104 $665 38000 Sh SHARED
FEDERAL HOME LOAN MTG CORP COMMON STOCK 313400301 $1676 31000 Sh SHARED
FINANCIAL FEDERAL CORP COMMON STOCK 317492106 $496 20500 Sh SHARED
FINL FED CORP 144A(R) 4.5% Convertible Subordinated 317492AA4 $4020 4305000 PRN SOLE
FINL FED CORP 4.5% Convertible Subordinated 317492AC0 $20580 22040000 PRN SHARED
FIRSTAR CP NEW COMMON STOCK 33763V109 $628 28071 Sh SOLE
FORWARD AIR CRP COMMON STOCK 349853101 $704 20000 Sh SHARED
FOUR SEASON-TS 0.00% CONVERTIBLE BOND DUE 09/ 35100EAD6 $41081 99892000 PRN SHARED
GENL SEMICONDUCTOR 144A(R) 5.75% Convertible Subordinated 370787AA1 $293 300000 PRN SOLE
GENESCO INC REGISTERED 5.50% Convertible Subordinated 371532AL6 $418 430000 PRN SOLE
GENZYME CORP144A+2.7285 GZMO 5.25% Convertible Subordinated 372917AE4 $1158 625000 PRN SOLE
GETTY IMAGES 144A(R) 5% 5% CONVERTIBLE SUBORDINATED DE 374276AD5 $469 600000 PRN SOLE
GREATER BAY BCP COMMON STOCK 391648102 $2153 31000 Sh SHARED
HNC SOFTWARE INC 4.75% Convertible Subordinated 40425PAA5 $482 250000 PRN SOLE
HS RESOURCES COMMON STOCK 404297103 $3453 102705 Sh SHARED
HARTFORD FINANCIAL SVCS GRP COMMON STOCK 416515104 $2254 30900 Sh SHARED
HEALTH MGT ASSC OID 144A(R) .25% SENIOR CONVERTIBLE SUBORD 421933AA0 $1458 2000000 PRN SHARED
HEWLETT PKD (LYONS) CONVERTIBLE SUBORDINATED (LYON 428236AC7 $124721 169980000 PRN SHARED
HILTON HOTELS 5% CONVERTIBLE SUBORDINATED DE 432848AL3 $2371 2806000 PRN SOLE
HOT TOPIC INC COMMON STOCK 441339108 $1260 42000 Sh SHARED
INCO LTD (DIAMOND FIELDS) 5.5% 8/21/06 SERIES E CONVERTI 453258808 $874 21855 Sh SOLE
INCO LTD 5.75% Convertible Debentures D 453258AK1 $1029 1115000 PRN SOLE
INTEGRATED DEVICE TECH COMMON STOCK 458118106 $2082 23000 Sh SHARED
INTEL CORP COMMON STOCK 458140100 $248 5960 Sh SOLE
SPHERION CORP(INTERIM SERV) 4.5% Convertible Subordinated 45868PAA8 $24823 36934000 PRN SOLE
INTERNATIONAL PAPER COMMON STOCK 460146103 $623 21700 Sh SHARED
INTL RECTIFIER CORP COMMON STOCK 460254105 $2239 44275 Sh SHARED
INTL RECTIFIER 144A (R) 4.25% CONVERTIBLE SUBORDINATED 460254AD7 $17357 19005000 PRN SHARED
INTERPUBLIC GRP OID 144A(R) 1.8% Convertible Subordinated 460690AD2 $1221 1225000 PRN SOLE
INTERPUBLIC GRP 1.8% CONVERTIBLE SUBORDINATED 460690AF7 $10207 10239000 PRN SOLE
INTERPUBLIC GRP 144A(R) 1.87% Subordinated notes due 2 460690AG5 $20143 22627000 PRN SHARED
INTERPUBLIC GRP 1.87 REGISTERD 1.87% Subordinated notes due 2 460690AJ9 $7801 8763000 PRN SOLE
INVITROGEN 144A(R) 5.50% CONVERTIBLE SUBORDINATED 46185RAA8 $309 300000 PRN SOLE
I2 TECHNOLOGIES COMMON STOCK 465754109 $2872 15355 Sh SOLE
<CAPTION>
<S> <C> <C> <C> <C>
DIAMOND OFFSHORE DRILLING None 8643000 10267000
DISNEY WALT CO None 25000 0
DIRECT FOCUS None 29600 0
DOUBLECLICK INC None 19000 9400
DOUBLECLICK INC 144A(R) None 270000 0
DOUBLECLICK INC None 950000 470000
DUPONT (DUPONT PHOTOMASK) None 3405000 3644000
ECHOSTAR COMM 144A(R) None 1300000 0
EL PASO ENER CAP TRUST I None 122440 32650
ELANTEC SEMICON None 21500 0
EMCOR GROUP INC None 30800 11400
EMCOR GROUP INC None 1550000 520000
EMMIS COMM SERIES A None 8730 8835
ENRON CORP None 961 1195
EQUITABLE RES None 74365 80
EQUITY OFFICE TRUST (PIERS) None 1000370 632998
EQUITY RES PROPS None 974150 671060
EQUITY RES PROPS None 12886 26140
ESCO TECH INC None 38000 0
FEDERAL HOME LOAN MTG CORP None 31000 0
FINANCIAL FEDERAL CORP None 11675 8825
FINL FED CORP 144A(R) None 3880000 425000
FINL FED CORP None 15961000 6079000
FIRSTAR CP NEW None 0 28071
FORWARD AIR CRP None 20000 0
FOUR SEASON-TS None 76653000 23239000
GENL SEMICONDUCTOR 144A(R) None 300000 0
GENESCO INC REGISTERED None 430000 0
GENZYME CORP144A+2.7285 GZMO None 625000 0
GETTY IMAGES 144A(R) 5% None 600000 0
GREATER BAY BCP None 31000 0
HNC SOFTWARE INC None 250000 0
HS RESOURCES None 102555 150
HARTFORD FINANCIAL SVCS GRP None 30900 0
HEALTH MGT ASSC OID 144A(R) None 2000000 0
HEWLETT PKD (LYONS) None 104201000 65779000
HILTON HOTELS None 2229000 577000
HOT TOPIC INC None 42000 0
INCO LTD (DIAMOND FIELDS) None 9300 12555
INCO LTD None 1035000 80000
INTEGRATED DEVICE TECH None 23000 0
INTEL CORP None 5300 660
SPHERION CORP(INTERIM SERV) None 25608000 11326000
INTERNATIONAL PAPER None 16900 4800
INTL RECTIFIER CORP None 40675 3600
INTL RECTIFIER 144A (R) None 17335000 1670000
INTERPUBLIC GRP OID 144A(R) None 1220000 5000
INTERPUBLIC GRP None 4655000 5584000
INTERPUBLIC GRP 144A(R) None 21517000 1110000
INTERPUBLIC GRP 1.87 REGISTERD None 3349000 5414000
INVITROGEN 144A(R) None 300000 0
I2 TECHNOLOGIES None 15323 32
</TABLE>
Page 3 of 6
<PAGE> 6
<TABLE>
<S> <C> <C> <C> <C> <C>
I2 TECHNOLOGIES 144A(R) 5.25% Convertible Subordinated 465754AD1 $28216 10877000 PRN SHARED
I2 TECHNOLOGIES 5.25% Convertible Subordinated 465754AF6 $4184 1613000 PRN SOLE
IVAX CORP COMMON STOCK 465823102 $7469 162380 Sh SOLE
IVAX CORP 144A(R) 5.50% Convertible Notes due 20 465823AB8 $17967 12375000 PRN SHARED
JUNIPER NETWRKS COMMON STOCK 48203R104 $3153 14400 Sh SHARED
JUNIPER NETWRKS 4.75% CONVERTIBLE SUBORDINATED 48203RAA2 $123080 81040000 PRN SHARED
KEITHLEY INSTRUMENTS INC COMMON STOCK 487584104 $3335 47645 Sh SHARED
KENT ELECTRONIC 4.5% Convertible Subordinated 490553AA2 $8580 9919000 PRN SOLE
KERR-MCGEE CORP 7.50% Subordinated Debentures 492386AL1 $790 801000 PRN SOLE
KERR-MCGEE CORP 5.25% 5.25% Convertible Sub Notes du 492386AP2 $22967 18354000 PRN SOLE
KONINKLIJKE(PHILIPS ELECTRONI) NY REG SHARES 500472303 $319 7496 Sh SHARED
KULICKE & SOFFA 144A(R) 4.75% Convertible Subordinated 501242AC5 $254 300000 PRN SOLE
KULICKE & SOFFA 4.75% Convertible Subordinated 501242AE1 $300 354000 PRN SOLE
LSI LOGIC 144A(R) 4.25% Convertible Notes due 20 502161AB8 $1171 600000 PRN SOLE
LSI LOGIC 4% 4% Convertible Sub Notes due 2 502161AE2 $93819 115826000 PRN SHARED
LABORATORY CRP OF AMER HLDGS COMMON STOCK 50540R409 $6078 50755 Sh SHARED
LAM RESEARCH 144A(R) 5% Convertible Subordinated no 512807AB4 $258 250000 PRN SOLE
LAMAR ADVER CO COMMON STOCK 512815101 $1757 46400 Sh SHARED
LAMAR ADVER CO 5.25% CONVERTIBLE NOTES DUE 20 512815AF8 $2506 2490000 PRN SHARED
LATTICE SEMICONDUCTOR COMMON STOCK 518415104 $398 7399 Sh SOLE
LATTICE SEMICONDUCTOR 144A(R) 4.75% Convertible Subordinated 518415AA2 $657 450000 PRN SOLE
LEARNING TREE COMMON STOCK 522015106 $7412 155630 Sh SHARED
LENNAR CORP OID Zero Coupon Convertible Debent 526057AA2 $4626 9604000 PRN SHARED
LEVEL 3 COMM COMMON STOCK 52729N100 $430 5575 Sh SHARED
MACROVISION CORP COMMON STOCK 555904101 $1863 23000 Sh SHARED
MAGNA INTL CL A 5% CONVERTIBLE SUBORDINATED DE 559222AE4 $48567 49056000 PRN SOLE
MAGNA INTERNATIONAL 4.875% CONVERTIBLE SUBORDINATE 559222AG9 $24375 26766000 PRN SOLE
MANHATTAN ASOC COMMON STOCK 562750109 $5781 94385 Sh SHARED
MARRIOTT INTERNATIONAL -CL A COMMON STOCK 571903202 $2681 73584 Sh SHARED
MEASUREMENT(EC) COMMON STOCK 583421102 $917 19000 Sh SHARED
MERCURY INTERACTIVE 144A(R) 4.75% CONVERTIBLE SUBORDINATED 589405AA7 $936 600000 PRN SOLE
MERIX CORP common stock 590049102 $2439 37630 Sh SHARED
PHARMACIA CORP (ACES)-MONSANTO 6.5% ACES 611662305 $91196 1741207 Sh SHARED
MOTOROLA INC Liquid Yield Option Notes due 620076AJ8 $9305 9619000 PRN SOLE
MUTUAL RISK MGT COMMON STOCK 628351108 $406 18500 Sh SHARED
MTL RISK 0% CONVERTIBLE BONDS DUE 2015 628351AB4 $2361 4652000 PRN SHARED
NATIONAL AUSTRALIA BK 7.875% Convertible Preferred S 632525309 $92812 3666584 Sh SHARED
NATIONAL AUSTRALIA BK -SP ADR SPONSORED AMERICAN DEPOSITORY 632525408 $1339 19300 Sh SHARED
NATIONAL CITY CORP COMMON STOCK 635405103 $259 11692 Sh SOLE
NETWORK ASSOC 144A 0% Convertible Subordinated No 640938AA4 $268 700000 PRN SOLE
NEWFIELD FINL TRUST I(QUIPS) 6.50% QUIPS DUE 2029 651291205 $266 3800 Sh SOLE
NEXTEL COMMUNICATION COMMON STOCK 65332V103 $313 6700 Sh SHARED
NVIDIA CORP COMMON STOCK 67066G104 $5425 66260 Sh SHARED
OAK TECHNOLOGY COMMON STOCK 671802106 $1834 67000 Sh SHARED
OFFSHORE LOGISTIC 6% CONVERTIBLE SUBORDINATED NO 676255AF9 $313 320000 PRN SOLE
OMNICARE INC 144A(R) 5% Convertible Subordinated De 681904AB4 $226 300000 PRN SOLE
1-800 CONTACTS COMMON STOCK 681977104 $4395 91570 Sh SHARED
OWENS-ILLINOIS INC 4.75% Convertible Preferred St 690768502 $224 13000 Sh SOLE
PC CONNECTION COMMON STOCK 69318J100 $1881 33000 Sh SHARED
PF CHANGS CHINA COMMON STOCK 69333Y108 $546 15800 Sh SHARED
PARK ELECTROCHEMICAL CORP SUBNT CV 5.5%06 700416AB6 $411 309000 PRN SOLE
PATINA OIL & GAS CORP COMMON STOCK 703224105 $540 27000 Sh SHARED
<CAPTION>
<S> <C> <C> <C> <C>
I2 TECHNOLOGIES 144A(R) None 10410000 467000
I2 TECHNOLOGIES None 844000 769000
IVAX CORP None 106280 56100
IVAX CORP 144A(R) None 11275000 1100000
JUNIPER NETWRKS None 14400 0
JUNIPER NETWRKS None 57994000 23046000
KEITHLEY INSTRUMENTS INC None 47610 35
KENT ELECTRONIC None 5937000 3982000
KERR-MCGEE CORP None 791000 10000
KERR-MCGEE CORP 5.25% None 9106000 9248000
KONINKLIJKE(PHILIPS ELECTRONI) None 7496 0
KULICKE & SOFFA 144A(R) None 300000 0
KULICKE & SOFFA None 155000 199000
LSI LOGIC 144A(R) None 600000 0
LSI LOGIC 4% None 77481000 38345000
LABORATORY CRP OF AMER HLDGS None 50710 45
LAM RESEARCH 144A(R) None 250000 0
LAMAR ADVER CO None 32225 14175
LAMAR ADVER CO None 1730000 760000
LATTICE SEMICONDUCTOR None 1149 6250
LATTICE SEMICONDUCTOR 144A(R) None 450000 0
LEARNING TREE None 122200 33430
LENNAR CORP OID None 8245000 1359000
LEVEL 3 COMM None 4125 1450
MACROVISION CORP None 23000 0
MAGNA INTL CL A None 27133000 21923000
MAGNA INTERNATIONAL None 15790000 10976000
MANHATTAN ASOC None 94283 102
MARRIOTT INTERNATIONAL -CL A None 73584 0
MEASUREMENT(EC) None 19000 0
MERCURY INTERACTIVE 144A(R) None 600000 0
MERIX CORP None 37630 0
PHARMACIA CORP (ACES)-MONSANTO None 1193497 547710
MOTOROLA INC None 3559000 6060000
MUTUAL RISK MGT None 10100 8400
MTL RISK None 2210000 2442000
NATIONAL AUSTRALIA BK None 2332945 1333639
NATIONAL AUSTRALIA BK -SP ADR None 13825 5475
NATIONAL CITY CORP None 0 11692
NETWORK ASSOC 144A None 700000 0
NEWFIELD FINL TRUST I(QUIPS) None 3800 0
NEXTEL COMMUNICATION None 5150 1550
NVIDIA CORP None 66195 65
OAK TECHNOLOGY None 67000 0
OFFSHORE LOGISTIC None 320000 0
OMNICARE INC 144A(R) None 300000 0
1-800 CONTACTS None 91505 65
OWENS-ILLINOIS INC None 13000 0
PC CONNECTION None 33000 0
PF CHANGS CHINA None 15800 0
PARK ELECTROCHEMICAL CORP None 309000 0
PATINA OIL & GAS CORP None 27000 0
</TABLE>
Page 4 of 6
<PAGE> 7
<TABLE>
<S> <C> <C> <C> <C> <C>
PERICOM SEMICON COMMON STOCK 713831105 $636 17200 Sh SHARED
PERKINELMER INC ZERO ZERO COUPON DUE 2020 714046AA7 $49719 72546000 PRN SHARED
PHILIP MORRIS COMPANIES INC COMMON STOCK 718154107 $478 16250 Sh SOLE
PHOTRONICS INC 6% Convertible notes due 2004 719405AA0 $202 200000 PRN SOLE
PIONEER STANDARD ELECTRONICS COMMON STOCK 723877106 $1394 102800 Sh SHARED
POGO PRODUCING CO COMMON STOCK 730448107 $1016 40050 Sh SHARED
POGO TRUST I (QUIPS) 6.50% QUIPS due 2029 73044P208 $2138 35050 Sh SHARED
PRIMA ENERGY COMMON STOCK 741901201 $3373 63350 Sh SHARED
PRIDE INTL INC Zero Coupon Subordinated deben 741932AB3 $450 1000000 PRN SOLE
PROLOGIS TRUST 7% SERIES B CONVERTIBLE PREFER 743410300 $1772 57615 Sh SOLE
PROVIDIAN FINANCIAL CORP COMMON STOCK 74406A102 $1162 9150 Sh SHARED
PROVIDIAN FINL 3.25% 3.25% CONVERTIBLE NOTES DUE 20 74406AAA0 $79516 70602000 PRN SHARED
QUANTA SERVICES COMMON STOCK 74762E102 $707 25700 Sh SHARED
QUANTA SERVICES 4% CONVERTIBLE SUBORDINATED NO 74762EAA0 $24856 30859000 PRN SHARED
RF MICRO DEVICES INC COMMON STOCK 749941100 $889 28350 Sh SHARED
RF MICRO DEVICE 144A(R) 3.75% CONVERTIBLE SUBORDINATED 749941AA8 $1826 1950000 PRN SHARED
RADISYS CORP COMMON STOCK 750459109 $743 14700 Sh SHARED
RADISYS CORP 144A(R) 5.50% CONVERTIBLE SUBORDINATED 750459AA7 $1509 1550000 PRN SHARED
RATIONAL SOFTWARE CORP COMMON STOCK 75409P202 $3631 52334 Sh SOLE
RATIONAL SOFTWARE 144A(R) 5% Convertible Subordinated no 75409PAA1 $17625 8495000 PRN SHARED
RATIONAL SOFTWARE 5% Convertible Subordinated no 75409PAC7 $830 400000 PRN SOLE
RECKSON ASSOC SERIES A 7.625% Convertible preferred s 75621K205 $351 15000 Sh SOLE
REDBACK NETWRKS COMMON STOCK 757209101 $1078 6575 Sh SHARED
REDBACK NETWRKS 5.00% CONVERTIBLE SUBORDINATED 757209AB7 $3228 2910000 PRN SHARED
ROBBINS & MYERS 6.5% Convertible Subordinated 770196AA1 $763 775000 PRN SHARED
ROBERT HALF INTL INC COMMON STOCK 770323103 $1249 36000 Sh SHARED
ROUSE CO Series B (6%) 6% Convertible Preferred Stock 779273309 $1575 44045 Sh SOLE
SBC COMM--TELEMEX--(DECS) 7.75% DEBT EXCHANGEABLE FOR CO 78387G202 $2854 31145 Sh SOLE
SCI SYS INC 3% CONVERTIBLE SUBORDINATED NO 783890AF3 $54348 53294000 PRN SOLE
SAFEGUARD SCTFC 144A(R) 5% Convertible Subordinated No 786449AD0 $361 360000 PRN SOLE
ST PAUL COS INC COMMON STOCK 792860108 $200 4058 Sh SOLE
SANMINA CORP COMMON STOCK 800907107 $3968 42377 Sh SHARED
SANMINA CORP 144A(R) 4.25% Convertible Subordinated 800907AA5 $1538 700000 PRN SOLE
SCHOLASTIC CORP 5% Convertible Subordinated De 807066AA3 $245 225000 PRN SOLE
SEAGRAM CO LTD (ACES) 7.50% ACES Due 2002 811850205 $6692 128390 Sh SOLE
SEACOR HOLDINGS 144A(R) 5.375% Convertible Subordinate 811904AC5 $2938 2675000 PRN SOLE
SEACOR HOLDINGS 5.375% CONVERTIBLE BONDS DUE 1 811904AE1 $17449 15886000 PRN SHARED
SEALED AIR CORP COMMON STOCK 81211K100 $1126 24875 Sh SHARED
SEALED AIR CORP (W.R.GRACE) $2.00 Convertible Preferred St 81211K209 $4845 107660 Sh SHARED
SENSORMATIC ELE (PIK) 6.5% Convertible Preferred sto 817265804 $333 15000 Sh SOLE
SERENA SOFTWARE COMMON STOCK 817492101 $1534 33300 Sh SHARED
SIEBEL SYSTEMS INC COMMON STOCK 826170102 $3141 28217 Sh SOLE
SIEBEL SYSTEMS 144A(R) 5.50% Convertible Subordinated 826170AA0 $3082 640000 PRN SOLE
SILICON STORAGE TECH COMMON STOCK 827057100 $1346 49500 Sh SHARED
SILICON VY BCSH COMMON STOCK 827064106 $1246 21400 Sh SHARED
SKECHERS USA-A COMMON STOCK 830566105 $605 40000 Sh SHARED
SOLECTRON CORP LYONS 2020 LYONS DUE 2020 834182AK3 $55488 82082000 PRN SHARED
SOVEREIGN CAP (PIERS) 7.50% Trust Convertible Prefer 845905306 $4737 83475 Sh SHARED
SPINNAKER EXPL COMMON STOCK 84855W109 $1918 55000 Sh SHARED
SPRINT (PCS GP) COMMON STOCK 852061506 $534 15225 Sh SHARED
STEIN MART INC COMMON STOCK 858375108 $757 70000 Sh SHARED
STMICROELECTRON 0.00% LYONS DUE 09/22/09 861012AB8 $10141 7727000 PRN SOLE
<CAPTION>
<S> <C> <C> <C> <C>
PERICOM SEMICON None 17200 0
PERKINELMER INC ZERO None 48501000 24045000
PHILIP MORRIS COMPANIES INC None 1605 14645
PHOTRONICS INC None 200000 0
PIONEER STANDARD ELECTRONICS None 74450 28350
POGO PRODUCING CO None 28000 12050
POGO TRUST I (QUIPS) None 27500 7550
PRIMA ENERGY None 63295 55
PRIDE INTL INC None 1000000 0
PROLOGIS TRUST None 24105 33510
PROVIDIAN FINANCIAL CORP None 6225 2925
PROVIDIAN FINL 3.25% None 48997000 21605000
QUANTA SERVICES None 18500 7200
QUANTA SERVICES None 25178000 5681000
RF MICRO DEVICES INC None 22650 5700
RF MICRO DEVICE 144A(R) None 1560000 390000
RADISYS CORP None 11825 2875
RADISYS CORP 144A(R) None 1250000 300000
RATIONAL SOFTWARE CORP None 52236 98
RATIONAL SOFTWARE 144A(R) None 7975000 520000
RATIONAL SOFTWARE None 310000 90000
RECKSON ASSOC SERIES A None 15000 0
REDBACK NETWRKS None 4600 1975
REDBACK NETWRKS None 2255000 655000
ROBBINS & MYERS None 775000 0
ROBERT HALF INTL INC None 36000 0
ROUSE CO Series B (6%) None 14095 29950
SBC COMM--TELEMEX--(DECS) None 28515 2630
SCI SYS INC None 30183000 23111000
SAFEGUARD SCTFC 144A(R) None 360000 0
ST PAUL COS INC None 296 3762
SANMINA CORP None 38494 3883
SANMINA CORP 144A(R) None 700000 0
SCHOLASTIC CORP None 225000 0
SEAGRAM CO LTD (ACES) None 79220 49170
SEACOR HOLDINGS 144A(R) None 2675000 0
SEACOR HOLDINGS None 10271000 5615000
SEALED AIR CORP None 17475 7400
SEALED AIR CORP (W.R.GRACE) None 85555 22105
SENSORMATIC ELE (PIK) None 15000 0
SERENA SOFTWARE None 33300 0
SIEBEL SYSTEMS INC None 28159 58
SIEBEL SYSTEMS 144A(R) None 580000 60000
SILICON STORAGE TECH None 49500 0
SILICON VY BCSH None 21400 0
SKECHERS USA-A None 40000 0
SOLECTRON CORP LYONS 2020 None 62068000 20014000
SOVEREIGN CAP (PIERS) None 73100 10375
SPINNAKER EXPL None 55000 0
SPRINT (PCS GP) None 10000 5225
STEIN MART INC None 70000 0
STMICROELECTRON None 3575000 4152000
</TABLE>
Page 5 of 6
<PAGE> 8
<TABLE>
<S> <C> <C> <C> <C> <C>
SUIZA FOODS CORP COMMON STOCK 865077101 $1048 20675 Sh SHARED
SUPERTEX INC COMMON STOCK 868532102 $781 15500 Sh SHARED
SWIFT ENERGY CO 6.25% Convertible Subordinated 870738AB7 $5357 4078000 PRN SHARED
SYSTEMS & COMPUTER TECH 5% Convertible Bonds due 2004 871873AB1 $11077 13032000 PRN SHARED
TECHNITROL INC COMMON STOCK 878555101 $3648 36120 Sh SHARED
TEKELEC INC OID 144A(R) 3.25% Subordinated notes due 2 879101AA1 $389 200000 PRN SOLE
TEKTRONIX INC COMMON STOCK 879131100 $1882 24500 Sh SHARED
TELECOM ITALIA SPA -SP ADR ADR 87927W106 $242 2300 Sh SHARED
TELEFONOS DE MEXICO 4.25% Convertible Subordinated 879403AD5 $55035 43736000 PRN SHARED
TERAYON COMMUN 144A(R) 5.00% CONVERTIBLE SUBORDINATED 880775AA9 $19007 27930000 PRN SHARED
TEXAS INDUSTRIES COMMON STOCK 882491103 $736 23100 Sh SHARED
THERMO ELECTRON 144K 4.25% Convertible Subordinated 883556AF9 $4975 5226000 PRN SOLE
THERMO INSTR(NOT 144A)(TH ELE) 4% Convertible notes due 2005 883556AH5 $23425 26771000 PRN SOLE
THERMO INSTR(WAS 144A)(TH ELE) 4.5% Senior Convertible Debent 883559AC0 $201 219000 PRN SOLE
TIMBERLAND CO A COMMON STOCK 887100105 $4717 115060 Sh SHARED
TITAN CORP COMMON STOCK 888266103 $174 10575 Sh SHARED
TOLLGRADE COMM COMMON STOCK 889542106 $5234 37705 Sh SHARED
TOWER AUTOMOTIVE 5% Convertible Subordinated No 891707AE1 $460 600000 PRN SOLE
TRANSWITCH CORP COMMON STOCK 894065101 $765 12000 Sh SHARED
TRANSWITCH CORP 144A(R) 4.50% CONVERTIBLE SUB NOTES DU 894065AA9 $1491 1200000 PRN SHARED
TRIAD HOSPITALS COMMON STOCK 89579K109 $911 31000 Sh SHARED
TRIQUINT SEMICON INC COMMON STOCK 89674K103 $588 16125 Sh SHARED
TRIQUINT SEMI 144A(R) 4% CONVERTIBLE SUBORDINATED BO 89674KAA1 $1089 1370000 PRN SHARED
TRIQUINT SEMICONDUCTOR 4% CONVERTIBLE SUBORDINATED BO 89674KAB9 $39656 49882000 PRN SHARED
USX CORPORATION 6.5% Cumulative Convertible Pr 902905819 $632 17775 Sh SOLE
UNION PAC CORP COMMON STOCK 907818108 $595 15300 Sh SHARED
US CELLULAR Liquid Yield Option Notes 911684AA6 $931 1382000 PRN SOLE
UNITED INTL HLDG 144A(R) 7% Series C Cumulative Convert 913247102 $357 8000 Sh SOLE
UNITED INTL HLDG 7% Series C Cumulative Convert 913247201 $357 8000 Sh SOLE
UNOCAL CORP COMMON STOCK 915289102 $542 15300 Sh SHARED
VERITAS SOFTWRE 5.25% CONVERTIBLE SUBORDINATED 923436AB5 $1636 110000 PRN SOLE
VERTEX PHARM COMMON STOCK 92532F100 $984 11650 Sh SHARED
VINTAGE PETROL COMMON STOCK 927460105 $3420 150345 Sh SHARED
VITESSE SEMICON COMMON STOCK 928497106 $934 10500 Sh SHARED
VITESSE SEMICON 144A(R) 4% CONVERTIBLE SUBORDINATED BO 928497AA4 $2916 2815000 PRN SHARED
VORNADO RLTY TST -SERIES A 6.5% CONVERTIBLE PREFERRED STO 929042208 $67915 1298251 Sh SHARED
WASTE MGT INC 4% Convertible Subordinated No 94106LAA7 $912 970000 PRN SOLE
WELLPOINT HEALTH OID Zero Coupon Convertible Subord 94973HAA6 $19956 25612000 PRN SOLE
WENDYS INTL (TECONs) Series A 950588202 $30593 644057 Sh SHARED
WESTERN GAS RESOURCES COMMON STOCK 958259103 $1041 41550 Sh SHARED
WESTERN GAS RESOURCES $2.625 CUMULATIVE CONVERTIBLE 958259301 $3365 88855 Sh SHARED
WHOLE FOODS MKT Zero Coupon Convertible Subord 966837AC0 $2425 6076000 PRN SHARED
CLAYTON WILLIAMS ENERGY INC COMMON STOCK 969490101 $3205 79130 Sh SHARED
WIND RIVER SYS 144A(R) 5% Convertible subordinated no 973149AA5 $298 200000 PRN SOLE
YOUNG & RUBICAM COMMON STOCK 987425105 $1056 21325 Sh SHARED
YOUNG & RUBICAM 144A(R)(WPP GP 3% Convertible subordinated no 987425AA3 $22348 22517000 PRN SHARED
YOUNG & RUBICAM (WPP GROUP) 3% Convertible subordinated no 987425AC9 $61414 61878000 PRN SOLE
GLOBAL CROSSING LTD COMMON STOCK G3921A100 $797 25725 Sh SHARED
GLOBAL CROSSING 6.375% 6.375% Convertible preferred G3921A126 $56082 628370 Sh SOLE
GLOBAL CROSSING LTD 6.75% 6.75% CONVERTIBLE TRUST PREFER G3921A134 $1147 4575 Sh SOLE
ROYAL CARIBBEAN CRUISES, LTD. COMMON STOCK V7780T103 $1457 56593 Sh SHARED
FLEXTRONIC INTL COMMON STOCK Y2573F102 $1643 20000 Sh SHARED
TEEKAY SHIPPING COMMON STOCK Y8564W103 $690 14700 Sh SHARED
<CAPTION>
<S> <C> <C> <C> <C>
SUIZA FOODS CORP None 15600 5075
SUPERTEX INC None 15500 0
SWIFT ENERGY CO None 3754000 324000
SYSTEMS & COMPUTER TECH None 9079000 3953000
TECHNITROL INC None 36080 40
TEKELEC INC OID 144A(R) None 200000 0
TEKTRONIX INC None 24500 0
TELECOM ITALIA SPA -SP ADR None 2300 0
TELEFONOS DE MEXICO None 23927000 19809000
TERAYON COMMUN 144A(R) None 25845000 2085000
TEXAS INDUSTRIES None 15350 7750
THERMO ELECTRON 144K None 736000 4490000
THERMO INSTR(NOT 144A)(TH ELE) None 15995000 10776000
THERMO INSTR(WAS 144A)(TH ELE) None 219000 0
TIMBERLAND CO A None 114940 120
TITAN CORP None 8775 1800
TOLLGRADE COMM None 37665 40
TOWER AUTOMOTIVE None 600000 0
TRANSWITCH CORP None 12000 0
TRANSWITCH CORP 144A(R) None 1200000 0
TRIAD HOSPITALS None 31000 0
TRIQUINT SEMICON INC None 11000 5125
TRIQUINT SEMI 144A(R) None 1170000 200000
TRIQUINT SEMICONDUCTOR None 28768000 21114000
USX CORPORATION None 6270 11505
UNION PAC CORP None 11425 3875
US CELLULAR None 1250000 132000
UNITED INTL HLDG 144A(R) None 8000 0
UNITED INTL HLDG None 8000 0
UNOCAL CORP None 11275 4025
VERITAS SOFTWRE None 110000 0
VERTEX PHARM None 9725 1925
VINTAGE PETROL None 150210 135
VITESSE SEMICON None 7275 3225
VITESSE SEMICON 144A(R) None 2575000 240000
VORNADO RLTY TST -SERIES A None 776336 521915
WASTE MGT INC None 900000 70000
WELLPOINT HEALTH OID None 13276000 12336000
WENDYS INTL (TECONs) None 504366 139691
WESTERN GAS RESOURCES None 29700 11850
WESTERN GAS RESOURCES None 55775 33080
WHOLE FOODS MKT None 2825000 3251000
CLAYTON WILLIAMS ENERGY INC None 79067 63
WIND RIVER SYS 144A(R) None 200000 0
YOUNG & RUBICAM None 12895 8430
YOUNG & RUBICAM 144A(R)(WPP GP None 21162000 1355000
YOUNG & RUBICAM (WPP GROUP) None 35253000 26625000
GLOBAL CROSSING LTD None 17980 7745
GLOBAL CROSSING 6.375% None 394075 234295
GLOBAL CROSSING LTD 6.75% None 3800 775
ROYAL CARIBBEAN CRUISES, LTD. None 56593 0
FLEXTRONIC INTL None 20000 0
TEEKAY SHIPPING None 14700 0
</TABLE>
Page 6 of 6
