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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: Magten Asset Management Corp.
Address: 35 East 21st Street
New York, New York 10010
Form 13F File Number: 28-3508
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: Talton R. Embry
Title: Managing Director
Phone: (212) 529-6600
Signature, Place, and Date of Signing:
/s/ Talton R. Embry New York, New York May 15, 2000
____________________ ___________________ _________________
[Signature] [City, State] [Date]
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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 manger(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-
2
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 41
Form 13F Information Table Value Total: $149,186
[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
1 28- Talton R. Embry
3
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Form 13F INFORMATION TABLE
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ITEM 1: ITEM 2: ITEM 3: ITEM 4: ITEM 5: ITEM 6 ITEM 7 ITEM 8:
NAME OF ISSUER TITLE OF CUSIP FAIR MARKET SHARES OR INVESTMENT OTHER VOTING AUTHORITY
CLASS NUMBER VALUE PRINC. AMT. DISCRETION MANAGERS SOLE SHARED NONE
SOLE SHARED OTHER
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMERICAN REAL ESTATE COMMON STOCK 29169109 1,392,023 168,730 X 39630 129100
PARTNERS, L.P.
AMERICAN RETIREMENT CONVERTIBLE 028913AA9 3,246,750 4,995,000 X 3645000 1350000
5.75 CV 10/01/02
ASSISTED LIVING CONVERTIBLE 04543LAE9 881,250 1,500,000 X 750000 750000
5.625% CV 5/1/03
ALTERNATE LIVING SVS CONVERTIBLE 02145KAB3 6,330,313 11,750,000 X 6925000 4825000
5.25% CV 12/15/02
ANACOMP INC. COMMON STOCK 32371106 66,409,685 4,267,289 X 3329346 937943
NEW COMMON STOCK
ATLANTIC RICHFIELD COMMON STOCK 48825103 425,000 5,000 X 5000
COMMON STOCK
ATLANTIC REALTY COMMON STOCK 48798102 1,541,625 205,550 X 68650 136900
TRUST
ALZA CORP. COMMON STOCK 22615108 826,375 22,000 X 22000
BCE INC COMMON STOCK 05534B109 501,750 4,000 X 4000
BESTEL S.A.
WARRANTS COMMON STOCK 08658T112 600,000 5,000 X 1700 3300
BRISTOL-MYERS SQUIBB
COMMON STOCK 110122108 220,400 3,800 X 3800
BOC GROUP PLC
COMMON STOCK 586,050 30,000 X 30000
BANYAN STRATEGIC
REALTY TRUST COMMON STOCK 06683M102 3,956,400 753,600 X 312100 441500
ADVANTICA RESTAURANT
GROUP COMMON STOCK 00758B109 166,446 110,964 X 110964
DELTA & PINE LAND CO
MAY CALL $15 COMMON STOCK 225,750 430 X 430
4
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ENSTAR GROUP
COMMON STOCK COMMON STOCK 29358R107 492,863 33,700 X 33700
ELDERTRUST
W/RIGHTS COMMON STOCK 284560109 592,494 201,700 X 63000 138700
EVEREST MEDICAL CORP
COMMON STOCK 299806109 229,237 48,580 X 48580
AIRLEASE LTD L.P
COMMON STOCK 9366105 1,846,531 159,700 X 30300 129400
FIRST SECURITY CORP
COMMON STOCK 336294103 300,000 25,000 X 25000
FIRST UNION REIT
COMMON STOCK 337400105 12,673,788 4,608,650 X 2511750 2096900
HORIZON GROUP
PROPERTIES INC. COMMON STOCK 44041U102 604,839 138,249 X 97663 40586
HVIDE MARINE INC.
COMMON STOCK COMMON STOCK 44851M109 7,717,513 588,001 X 297267 290734
INTERMEDIA
COMMUNICATIONS COMMON STOCK 458801107 628,787 13,015 X 13015
IMPERIAL PARKING
CORP COMMON STOCK 453077109 2,944,843 225,443 X 120598 104845
JACKPOT ENTERPRISES
INC. COMMON STOCK 466392107 545,300 32,800 X 32800
JPS INDUSTRIES
COMMON STOCK COMMON STOCK 46624E405 6,296,735 1,799,067 X 1079656 719411
LORAL SPACE & COMM.
$3.00 CV PFD PREFERRED G56462149 1,705,600 53,300 X 37300 16000
NEWBRIDGE NETWORKS
CORP COMMON STOCK 650901101 324,375 10,000 X 10000
PERINI CORP.
2.125 CV PFD PREFERRED 713839306 508,000 25,400 X 25400
PHYCOR INC
4.50% CV DEB 2/15/03 CONVERTIBLE 71940FAB6 2,523,875 6,100,000 X 3525000 2575000
PREMIERE TECH
5.75% CV 7/01/04 CONVERTIBLE 74058FAC6 4,899,856 7,495,000 X 4495000 3000000
PRISON REALTY CP
8% PFD SERIES A PREFERRED 74264N204 837,000 83,700 X 64600 19100
QUADRAMED CORP
5
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CONV 5.25% 5/1/05 CONVERTIBLE 74730WAC5 8,640,125 20,450,000 X 120000~ 8450000
SUNRISE ASS'T LIVING
5.5% CV 6/15/02 CONVERTIBLE 86768KAC0 1,173,750 1,500,000 X 900000 600000
SUNBEAM CORP.
0% SR SUB CV 3/25/18 CONVERTIBLE 867071AA0 3,668,585 21,902,000 X 157520~ 6150000
TELEFONICA DE PERU
SPON ADR COMMON STOCK 879384105 255,000 15,000 X 15000
TNP ENTERPRISES INC
COMMON STOCK COMMON STOCK 872594106 372,406 8,500 X 8500
TELESUDESTE CELULAR
PART-ADR COMMON STOCK 879252104 399,500 8,000 X 8000
MEDIAONE GROUP INC
COMMON STOCK 58440J104 567,000 7,000 X 7000
VENTAS INC.
COMMON STOCK 92276F100 1,127,741 340,450 X 118550 221900
GRAND TOTAL: 149,185,560
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