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 29, 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: WATER STREET CAPITAL, INC.
Address: 225 WATER STREET, S-1987
JACSONVILLE, FL. 32202
13 File Number:
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
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: GILCHRIST B. BERG
Title: PRESIDENT
Phone: 904-355-9989
Signature, Place and Date of Signing:
GILCHRIST B. BERG October 23, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 135
Form 13F Information Table Value Total: 585359
<PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D 4 KIDS ENTMT INC COM COMMON STOCK 350865101 7093 420300 SH SOLE 420300 0 0
D ACT MANUFACTURING INC, COM COMMON STOCK 000973107 2775 52600 SH SOLE 52600 0 0
D ADTRAN INC COM COMMON STOCK 00738A106 3365 79100 SH SOLE 79100 0 0
D AGRIBRANDS INTL COM COMMON STOCK 00849R105 1653 37900 SH SOLE 37900 0 0
D AIRGAS INC COM COMMON STOCK 009363102 3750 550500 SH SOLE 550500 0 0
D ALBERTSONS INC COM COMMON STOCK 013104104 5781 275274 SH SOLE 275274 0 0
D ALLEGHENY TECHNOLOGIES INC COMMON STOCK 01741R102 921 50800 SH SOLE 50800 0 0
D AMAZON COM INC COM OPTIONS - PUTS 0231350VT 577 15000 SH PUT SOLE 15000 0 0
D AMER EXPRESS CO COM COMMON STOCK 025816109 13371 220100 SH SOLE 220100 0 0
D AMERICAN BUSINESS FINL SVCS IN COMMON STOCK 02476B106 408 59300 SH SOLE 59300 0 0
D AMERICAN SOFTWARE INC CL A COMMON STOCK 029683109 1065 312700 SH SOLE 312700 0 0
D AMERITRADE HOLDINGS CORP-CL A COMMON STOCK 03072H109 7647 430800 SH SOLE 430800 0 0
D AMERITRADE HOLDINGS CORP-CL A OPTIONS - PUTS 03072H0VW 888 50000 SH PUT SOLE 50000 0 0
D ASTRO POWER COM STK COMMON STOCK 04644A101 6934 175000 SH SOLE 175000 0 0
D BERKSHIRE HATHAWAY CL A INC DE COMMON STOCK 084670108 52293 812 SH SOLE 812 0 0
D BERKSHIRE HATHAWAY INC CLASS B COMMON STOCK 084670207 828 400 SH SOLE 400 0 0
D BEST BUY INC COM OPTIONS - PUTS 0865160VK 636 10000 SH PUT SOLE 10000 0 0
D BLANCH E W HLDGS INC COM COMMON STOCK 093210102 1038 50000 SH SOLE 50000 0 0
D BORDERS GROUP INC COM COMMON STOCK 099709107 9478 680000 SH SOLE 680000 0 0
D BORDERS GROUP INC COM OPTIONS - CALLS 0997090BC 2927 210000 SH CALL SOLE 210000 0 0
D BORG WARNER AUTOMOTIVE INC COMMON STOCK 099724106 12753 385000 SH SOLE 385000 0 0
D BUCKEYE TECHNOLOGIES INC COM COMMON STOCK 118255108 36542 1761053 SH SOLE 1761053 0 0
D BUY.COM INC COMMON STOCK 124269101 42 15000 SH SOLE 15000 0 0
D CARRIER ACCESS CORP COMSTK USD OPTIONS - CALLS 1444600JG 991 50000 SH CALL SOLE 50000 0 0
D CARRIER ACCESS CORP COMSTK USD OPTIONS - CALLS 1444600KG 456 23000 SH CALL SOLE 23000 0 0
D CELL PATHWAYS INC COM STK (NEW COMMON STOCK 15114R101 650 80000 SH SOLE 80000 0 0
D CEPHALON INC COM COMMON STOCK 156708109 3153 65000 SH SOLE 65000 0 0
D CEPHALON INC COM OPTIONS - PUTS 1567080WG 2910 60000 SH PUT SOLE 60000 0 0
D CIRCUIT CITY STORES- CIRCUIT C COMMON STOCK 172737108 10350 450000 SH SOLE 450000 0 0
D CMGI INC COM OPTIONS - PUTS 1257500WD 1397 50000 SH PUT SOLE 50000 0 0
D CMGI INC COM OPTIONS - PUTS 1257503VE 698 25000 SH PUT SOLE 25000 0 0
D CMGI INC COM OPTIONS - PUTS 1257503VF 1710 61200 SH PUT SOLE 61200 0 0
D CMGI INC COM OPTIONS - PUTS 1257503VG 559 20000 SH PUT SOLE 20000 0 0
D CMGI INC COM OPTIONS - PUTS 1257503VX 1397 50000 SH PUT SOLE 50000 0 0
D CMGI INC COM OPTIONS - PUTS 1257503WF 838 30000 SH PUT SOLE 30000 0 0
D COCA COLA CO COM USD .25 COMMON STOCK 191216100 1648 29900 SH SOLE 29900 0 0
D COLUMBUS MCKINNON CORP N Y COM COMMON STOCK 199333105 14475 1067292 SH SOLE 1067292 0 0
D CONSECO INC COM OPTIONS - PUTS 2084640WA 839 110000 SH PUT SOLE 110000 0 0
D COREL SYSTEMS CORP CAD COM COMMON STOCK 21868Q109 2323 630000 SH SOLE 630000 0 0
D CREDITRUST CORP COM COMMON STOCK 225429109 4 20700 SH SOLE 20700 0 0
D CREE RESH INC COM COMMON STOCK 225447101 5813 50000 SH SOLE 50000 0 0
D DIGITAL RIVER INC COM STK COMMON STOCK 25388B104 161 25000 SH SOLE 25000 0 0
D E.MEDSOFT.COM COM STK COMMON STOCK 26873Q101 336 127900 SH SOLE 127900 0 0
D ENGAGE TECHNOLOGIES INC USD CO COMMON STOCK 292827102 406 50000 SH SOLE 50000 0 0
D ENTREMED INC COM COMMON STOCK 29382F103 4739 170000 SH SOLE 170000 0 0
D ENZO BIOCHEM INC COM COMMON STOCK 294100102 1213 25000 SH SOLE 25000 0 0
D ETOYS INC COM STK COMMON STOCK 297862104 768 143700 SH SOLE 143700 0 0
D EVOLVE SOFTWARE COM STK COMMON STOCK 30049P104 4800 200000 SH SOLE 200000 0 0
D EXODUS COMMUNICATION INC COM OPTIONS - PUTS 3020882WH 3802 77000 SH PUT SOLE 77000 0 0
D EXODUS COMMUNICATION INC COM OPTIONS - PUTS 3020882WI 494 10000 SH PUT SOLE 10000 0 0
D EXODUS COMMUNICATION INC COM OPTIONS - PUTS 3020882XH 4938 100000 SH PUT SOLE 100000 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 3156162VD 595 17500 SH PUT SOLE 17500 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 3156162VE 935 27500 SH PUT SOLE 27500 0 0
D F5 NETWORKS INC COM OPTIONS - PUTS 3156162VX 1020 30000 SH PUT SOLE 30000 0 0
D FPIC INS GROUP INC COM COMMON STOCK 302563101 4900 350000 SH SOLE 350000 0 0
D GATEWAY INC COM OPTIONS - PUTS 367626EVH 468 10000 SH PUT SOLE 10000 0 0
D GEORGIA PACIFIC GROUP COM COMMON STOCK 373298108 4378 186300 SH SOLE 186300 0 0
D GLOBAL CROSSING LTD COM COMMON STOCK G3921A100 620 20000 SH SOLE 20000 0 0
D GLOBAL CROSSING LTD COM OPTIONS - PUTS G3921A0VE 1550 50000 SH PUT SOLE 50000 0 0
D GLOBAL CROSSING LTD COM OPTIONS - PUTS G3921A0WE 2480 80000 SH PUT SOLE 80000 0 0
D GLOBAL CROSSING LTD COM OPTIONS - PUTS G3921A0WX 1550 50000 SH PUT SOLE 50000 0 0
D GUMTECH INTL INC COM COMMON STOCK 402803100 171 10000 SH SOLE 10000 0 0
D HCA - THE HEALTHCARE COMPANY COMMON STOCK 404119109 3590 96700 SH SOLE 96700 0 0
D HERCULES INC COM COMMON STOCK 427056106 6555 464100 SH SOLE 464100 0 0
D IMCLONE SYSTEMS INC COM OPTIONS - PUTS 45245W0VB 1171 10000 SH PUT SOLE 10000 0 0
D IMMUNEX CORP NEW COM OPTIONS - PUTS 4525281VH 2175 50000 SH PUT SOLE 50000 0 0
D JONES APPAREL GROUP INC COMMON STOCK 480074103 14045 530000 SH SOLE 530000 0 0
D JONES APPAREL GROUP INC OPTIONS - CALLS 4800740KF 8083 305000 SH CALL SOLE 305000 0 0
D JOURNAL REGISTER CO COM COMMON STOCK 481138105 10088 606800 SH SOLE 606800 0 0
D K-SWISS INC COM CL A COMMON STOCK 482686102 1049 46600 SH SOLE 46600 0 0
D KNIGHT TRADING GROUP INC COM S OPTIONS - PUTS 4990631ME 5400 150000 SH PUT SOLE 150000 0 0
D KNIGHT TRADING GROUP INC COM S OPTIONS - PUTS 4990631WF 1800 50000 SH PUT SOLE 50000 0 0
D LASTMINUTE COM PLC COMMON STOCK 518129101 428 45000 SH SOLE 45000 0 0
D LERNOUT & HAUSPIE SPEECH PRODS COMMON STOCK B5628B104 3531 269039 SH SOLE 269039 0 0
D LIZ CLAIBORNE INC COM COMMON STOCK 539320101 4620 120000 SH SOLE 120000 0 0
D LOEWS CORP COM COMMON STOCK 540424108 11839 142000 SH SOLE 142000 0 0
D LORAL SPACE AND COMMUNICATIONS COMMON STOCK G56462107 1164 190000 SH SOLE 190000 0 0
D LUCENT TECHNOLOGIES INC COM OPTIONS - CALLS 5494630JG 1528 50000 SH CALL SOLE 50000 0 0
D LUCENT TECHNOLOGIES INC COM OPTIONS - CALLS 5494630JH 1528 50000 SH CALL SOLE 50000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 5662440WC 3922 250000 SH PUT SOLE 250000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 5662440WW 1569 100000 SH PUT SOLE 100000 0 0
D MARCHFIRST INC COM STK OPTIONS - PUTS 5662441VC 1569 100000 SH PUT SOLE 100000 0 0
D MCDERMOTT INTL INC COM COMMON STOCK 580037109 11738 1067100 SH SOLE 1067100 0 0
D MEDIMMUNE INC COM COMMON STOCK 584699102 1171 15159 SH SOLE 15159 0 0
D METRIS COMPANIES INC COM OPTIONS - PUTS 5915981MF 2173 55000 SH PUT SOLE 55000 0 0
D MICROSTRATEGY INC COM STK COMMON STOCK 594972101 956 35000 SH SOLE 35000 0 0
D MISSISSIPPI CHEMICAL CORP COMMON STOCK 605288208 3788 947100 SH SOLE 947100 0 0
D MP3.COM INC USD COM COMMON STOCK 62473M109 484 123000 SH SOLE 123000 0 0
D MYRIAD GENETICS COM COMMON STOCK 62855J104 1728 20000 SH SOLE 20000 0 0
D NASDAQ-100 SHARES COM DEPOSITORY RECEI 631100104 7822 88200 SH SOLE 88200 0 0
D NAVISITE INC COM STK OPTIONS - PUTS 63935M0VG 808 30000 SH PUT SOLE 30000 0 0
D OAKWOOD HOMES CORP COM COMMON STOCK 674098108 1781 1187400 SH SOLE 1187400 0 0
D ORGANOGENESIS INC COM COMMON STOCK 685906109 1397 95000 SH SOLE 95000 0 0
D PACIFIC GATEWAY EXCHANGE INC COMMON STOCK 694327107 367 235083 SH SOLE 235083 0 0
D PACIFICARE HEALTH SYSTEMS INC OPTIONS - PUTS 695112JWI 1915 55000 SH PUT SOLE 55000 0 0
D PACKAGED ICE INC COM COMMON STOCK 695148106 649 236000 SH SOLE 236000 0 0
D PARAMETRIC TECHNOLOGY CORP COMMON STOCK 699173100 5457 498900 SH SOLE 498900 0 0
D PAYLESS SHOESOURCE COM COMMON STOCK 704379106 19695 351700 SH SOLE 351700 0 0
D PERKINELMER INC COM STK COMMON STOCK 714046109 1033 9900 SH SOLE 9900 0 0
D PHELPS DODGE CORP COM COMMON STOCK 717265102 2725 65278 SH SOLE 65278 0 0
D PHILIP MORRIS CO INC COMMON STOCK 718154107 14542 494000 SH SOLE 494000 0 0
D PLUG POWER INC COM STK COMMON STOCK 72919P103 559 15000 SH SOLE 15000 0 0
D POTASH CORP OF SASKA TCHEWAN I COMMON STOCK 73755L107 32225 616000 SH SOLE 616000 0 0
D PRICELINE.COM INC COM OPTIONS - PUTS 7415030VD 594 50000 SH PUT SOLE 50000 0 0
D PRICELINE.COM INC COM OPTIONS - PUTS 7415030VZ 594 50000 SH PUT SOLE 50000 0 0
D PURCHASEPRO.COM COM STK COMMON STOCK 746144104 15818 180000 SH SOLE 180000 0 0
D PURCHASEPRO.COM COM STK OPTIONS - PUTS 7461440VN 2636 30000 SH PUT SOLE 30000 0 0
D PURCHASEPRO.COM COM STK OPTIONS - PUTS 746144EVK 2197 25000 SH PUT SOLE 25000 0 0
D QUENTRA NETWORKS INC COMMON STOCK 748337102 625 183400 SH SOLE 183400 0 0
D ROBERT HALF INTL INC COM COMMON STOCK 770323103 961 27700 SH SOLE 27700 0 0
D SANCHEZ COMPUTER ASSOCIATES COMMON STOCK 799702105 775 50000 SH SOLE 50000 0 0
D SEQUENOM INC COMMON STOCK 817337108 2106 50000 SH SOLE 50000 0 0
D SIX FLAGS, INC COM NEW COMMON STOCK 83001P109 3100 200000 SH SOLE 200000 0 0
D SKECHERS U S A INC CL A COM COMMON STOCK 830566105 1513 100000 SH SOLE 100000 0 0
D SOURCE INFORMATION MGMT CO COM COMMON STOCK 836151209 2068 303600 SH SOLE 303600 0 0
D STEIN MART INC COM COMMON STOCK 858375108 1193 110334 SH SOLE 110334 0 0
D STURM RUGER & CO INC COMMON STOCK 864159108 1665 203400 SH SOLE 203400 0 0
D TERRA INDS COM COMMON STOCK 880915103 5552 2612500 SH SOLE 2612500 0 0
D TERRA NETWORKS SA SPONS ADR ADRS STOCKS 88100W103 1470 40000 SH SOLE 40000 0 0
D TJX COS INC NEW COM COMMON STOCK 872540109 3600 160000 SH SOLE 160000 0 0
D TOYS R US COMMON STOCK 892335100 4004 246400 SH SOLE 246400 0 0
D TYCOM LTD COM STK OPTIONS - PUTS G9144B0VH 384 10000 SH PUT SOLE 10000 0 0
D UNITED TECHNOLOGIES CORP COMMON STOCK 913017109 11066 159800 SH SOLE 159800 0 0
D UNITED THERAPEUTICS CORP COM COMMON STOCK 91307C102 1748 20000 SH SOLE 20000 0 0
D US AIRWAYS GROUP INC COM COMMON STOCK 911905107 36275 1191779 SH SOLE 1191779 0 0
D USG CORP COM NEW COMMON STOCK 903293405 2054 81957 SH SOLE 81957 0 0
D VENTRO CORPORATION COM STK COMMON STOCK 922815105 2038 185300 SH SOLE 185300 0 0
D WALGREEN CO COM COMMON STOCK 931422109 937 24700 SH SOLE 24700 0 0
D WALGREEN CO COM OPTIONS - PUTS 9314220VG 937 24700 SH PUT SOLE 24700 0 0
D WEBVAN GROUP COM STK COMMON STOCK 94845V103 35 15000 SH SOLE 15000 0 0
D WELLS FARGO COMPANY COMMON STOCK 949746101 3027 65900 SH SOLE 65900 0 0
D XCELERA.COM INC COM STK COMMON STOCK G31611109 9808 516200 SH SOLE 516200 0 0
D XCELERA.COM INC COM STK OPTIONS - PUTS G316111VD 950 50000 SH PUT SOLE 50000 0 0
D XEIKON SPONSORED ADR ADRS STOCKS 984003103 2973 214300 SH SOLE 214300 0 0
D XTRA CORP COMMON STOCK 984138107 689 15500 SH SOLE 15500 0 0
S REPORT SUMMARY 135 DATA RECORDS 585359 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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