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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: June 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: 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 August 14, 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: 42
Form 13F Information Table Value Total: $99,031
[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
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AAMES FINANCIAL CONVERTIBLE 00253AAE1 1,991,925 10,215,000 X X 5975000 4240000
5.5% CV 3/15/06
AMERICAN REAL ESTATE COMMON STOCK 29169109 1,550,207 168,730 X X 39630 129100
PARTNERS, L.P.
AMERICAN RETIREMENT CONVERTIBLE 028913AA9 2,639,363 4,045,000 X X 2695000 1350000
5.75 CV 10/01/02
ASSISTED LIVING CONVERTIBLE 04543LAE9 680,625 1,500,000 X X 750000 750000
5.625% CV 5/1/03
ALT LIVING (ALTERRA) CONVERTIBLE 02145KAB3 5,830,938 11,750,000 X X 6925000 4825000
5.25% CV 12/15/02
ANACOMP INC. COMMON STOCK 32371106 12,801,867 4,267,289 X X 3329346 937943
NEW COMMON STOCK
ATLANTIC REALTY COMMON STOCK 48798102 1,688,684 227,050 X X 78650 148400
TRUST
ADVANCED TECHNICAL COMMON STOCK 7548100 38,125 10,000 X X 10000
PRODUCTS
BCE INC COMMON STOCK 05534B109 238,125 10,000 X X 10000
BESTEL S.A. COMMON STOCK 08658T112 500,000 5,000 X X 1700 3300
WARRANTS
BOC GROUP PLC COMMON STOCK 429,900 30,000 X X 30000
BANYAN STRATEGIC COMMON STOCK 06683M102 4,333,200 753,600 X X 312100 441500
REALTY TRUST
3COM CORT COMMON STOCK 885535104 1,844,000 32,000 X X 32000
COMMON STOCK
DELTA & PINE LAND CO COMMON STOCK 280,000 280 X X 280
AUG CALL $15
4
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ENSTAR GROUP COMMON STOCK 29358R107 560,500 X X 38,000
COMMON STOCK
AIRLEASE LTD L.P COMMON STOCK 9366105 1,896,438 159,700 X X 30300 129400
FIRST SECURITY CORP COMMON STOCK 336294103 330,925 24,400 X X 24400
FIRST UNION REIT COMMON STOC 337400105 12,729,216 4,333,350 X X 2236450 2096900
FIRST UNION PREFERRED 337400303 1,228,000 61,400 X X 61400
8.40% PFD
HORIZON GROUP COMMON STOCK 44041U102 880,294 265,749 X X 155663 110086
PROPERTIES INC.
HANNAFORD BROS. COMMON STOCK 410550107 1,279,375 17,800 X X 17800
HVIDE MARINE INC. COMMON STOCK 44851M109 3,491,250 588,000 X X 297266 290734
COMMON STOCK
IMPERIAL PARKING COMMON STOCK 453077109 3,776,087 225,438 X X 120593 104845
CORP
JACKPOT ENTERPRISES COMMON STOCK 466392107 603,475 47,800 X X 47800
INC.
JPS INDUSTRIES COMMON STOCK 46624E405 9,445,102 1,799,067 X X 1079656 719411
COMMON STOCK
LEXINGTON GLOBAL COMMON STOCK 528932106 840,375 81,000 X X 81000
ASSET MNGRS
LORAL SPACE & COMM. PREFERRED G56462149 1,145,950 53,300 X X 37300 16000
$3.00 CV PFD
MCN ENERGY GROUP COMMON STOCK 55267J100 534,375 25,000 X X 25000
INC
PALM AUG PUTS $40.00 COMMON STOCK 6966428HH 263250 270 X X 270
PERINI CORP. PREFERRED 713839306 552,450 25,400 X X 25400
2.125 CV PFD
PHYCOR INC CONVERTIBLE 71940FAB6 1,326,750 6,100,000 X X 3525000 2575000
4.50% CV DEB 2/15/03
PREMIERE TECH CONVERTIBLE 74058FAC6 4,656,269 7,495,000 X X 4495000 3000000
5.75% CV 7/01/04
PRISON REALTY CP PREFERRED 74264N204 1,025,100 120,600 X X 86100 34500
8% PFD SERIES A
5
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QUADRAMED CORP CONVERTIBLE 74730WAC5 6,774,063 20,450,000 X X 120000 8450000
CONV 5.25% 5/1/05
SUNRISE ASS'T LIVING CONVERTIBLE 86768KAC0 1,286,250 1,500,000 X X 900000 600000
5.5% CV 6/15/02
SUNBEAM CORP. CONVERTIBLE 867071AA0 3,158,190 20,052,000 X X 139020 6150000
0% SR SUB CV 3/25/18
TELEFONICA DE PERU COMMON STOCK 879384105 1,083,600 70,000 X X 70000
SPON ADR
MEDIAONE GROUP INC COMMON STOCK 58440J104 462,875 7,000 X X 7000
VERIO INC COMMON STOCK 923433106 1,997,438 36,000 X X 36000
VENTAS INC. COMMON STOCK 92276F100 1,085,184 340,450 X X 115250 221900
WESTPOINT STEVENS COMMON STOCK 961238102 764,288 68,700 X X 68700
COMMON STOCK
ZIFF DAVIS INC COMMON STOCK 989511100 1,007,010 111,890 X X 111890
GRAND TOTAL: 99,031,038
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01651001.AV2
