<TABLE>
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 DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AIRTOUCH COMMUNICATIONS INC CO COM 00949t100 3225 30000 SH SOLE 30000
ALIANT COMMUNICATIONS INC COM COM 016090102 2194 47500 SH SOLE 47500
AMERITECH CORP NEW COM COM 030954101 367 5000 SH SOLE 5000
ASSOCIATED GROUP INC CL-A COM COM 045651106 8180 125600 SH SOLE 125600
ASSOCIATED GROUP INC CL-B COM COM 045651205 4452 68300 SH SOLE 68300
ATLANTIC RICHFIELD CO COM COM 048825103 14640 175200 SH SOLE 175200
CALIFORNIA FED BK FSB 2ND CONT COM 130209703 12 10000 SH SOLE 10000
COLTEC INDUSTRIES INC COM COM 196879100 11887 548100 SH SOLE 548100
DU PONT E I DE NEMOURS COM COM 263534109 3416 50000 SH SOLE 50000
EXECUTIVE RISK INC COM COM 301586103 3598 42300 SH SOLE 42300
GULF CDA RES LTD ORD COM 40218l305 419 100000 SH SOLE 100000
HOMESTEAD VILLAGE INC COM COM 437851108 487 199800 SH SOLE 199800
INTERMEDIA COMMUNICATIONS INC COM 458801974 243 8092 SH SOLE 8092
KING WORLD PRODUCTIONS INC COM COM 495667107 3951 113500 SH SOLE 113500
LEVEL ONE COMMUNICATIONS COM COM 527295109 2863 58500 SH SOLE 58500
LIMITED INC COM COM 532716107 8394 185000 SH SOLE 185000
MOSAIX INC COM COM 619454101 1409 110000 SH SOLE 110000
PEOPLES CHOICE TV CORP COM COM 710847104 988 103700 SH SOLE 103700
PROVIDENT COMPANIES INC COM COM 743862104 240 6000 SH SOLE 6000
SAVOIR TECHNOLOGY GROUP INC NE COM xx9384243 303 32278 SH SOLE 32278
SEMI-TECH CORP CL A COM 81662e108 89 992900 SH SOLE 992900
SUPERIOR SERVICES INC COM COM 868316100 3592 134600 SH SOLE 134600
THERMO FIBERGEN INC COM COM 88355U109 1410 124000 SH SOLE 124000
AES TRUST II GTD TRM CV SER B PFD CV 001034305 22517 391600 SH SOLE 391600
ALKERMES INC PFD CV EX$3.25 PFD CV 01642t405 5513 115000 SH SOLE 115000
AMDOCS AUTO COM EXCH (TRACES) PFD CV 02342r202 260 11700 SH SOLE 11700
BELCO OIL & GAS CORP PFD CONV PFD CV 077410207 1897 111600 SH SOLE 111600
BETHLEHEM STEEL CORP CV PFD 14 PFD CV 087509501 3612 100000 SH SOLE 100000
BREED TECH INC CAP TR SER 144A PFD CV 05576m203 220 42000 SH SOLE 42000
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n200 2143 45000 SH SOLE 45000
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n309 2381 50000 SH SOLE 50000
CANADIAN NATIONAL RAILWAY CO C PFD CV 136375409 2675 50000 SH SOLE 50000
CELLNET FUNDING LLC CV PFD PFD CV 150945202 487 25000 SH SOLE 25000
CENTRAL PARKING FIN TR CV PFD PFD CV 154787303 4780 237500 SH SOLE 237500
CENTRAL PARKING FIN TR CV PFD PFD CV 154787204 5333 265000 SH SOLE 265000
CHESAPEAKE ENERGY CV PFD 7.0% PFD CV 165167305 2592 99675 SH SOLE 99675
CHIQUITA BRANDS CV PFD SER A PFD CV 170032403 8318 241100 SH SOLE 241100
CHIQUITA BRANDS INTL PFD NV CV PFD CV 170032502 5023 119600 SH SOLE 119600
CITIZENS UTILITIES TR CV PFD ( PFD CV 177351202 34940 724140 SH SOLE 724140
CRESCENT REAL EST PPTYS 6.750% PFD CV 225756204 11386 664900 SH SOLE 664900
DECS TR III DECS EX B HERBALIF PFD CV 243665205 1610 160000 SH SOLE 160000
EQUITY OFFICE PPTY TR 5.25 SER PFD CV 294741301 1615 40000 SH SOLE 40000
EQUITY RESIDENTIAL 7.25% CV PF PFD CV 29476l859 1450 60900 SH SOLE 60900
FEDERAL-MOGUL FIN TR CV PFD SE PFD CV 313552408 5887 100000 SH SOLE 100000
FLEETWOOD CAP TR CV PFD TR 6% PFD CV 339072407 4558 108200 SH SOLE 108200
FRONTIER FIN TR CORP CONV PFD PFD CV 35907u301 11904 259495 SH SOLE 259495
GENERAL DATACOMM INDS INC CV P PFD CV 369487202 2421 269000 SH SOLE 269000
GENERAL GROWTH PPTYS 7.25% CV PFD CV 370021206 17021 709200 SH SOLE 709200
GENEVA STEEL CO PFD B EXCH 14% PFD CV 372252403 450 22500 SH SOLE 22500
GLENBOROUGH REALTY TR PFD CV S PFD CV 37803p204 883 46500 SH SOLE 46500
GLOBAL TELESYSTEMS GROUP CV PF PFD CV 37936u401 9534 145000 SH SOLE 145000
GLOBAL TELESYSTEMS GRP CV PFD PFD CV 37936u609 1315 20000 SH SOLE 20000
GOLDEN BOOKS FIN TR TOPRS 8.75 PFD CV 38080r400 40 10000 SH SOLE 10000
HOST MARRIOTT FINL QUIPS 6.75% PFD CV 441079407 6659 159970 SH SOLE 159970
HVIDE CAP TR TCPS% PFD CV 448513408 1061 193000 SH SOLE 193000
HYBRIDON INC. SER A CV PFD (RE PFD CV 44860m884 735 36768 SH SOLE 36768
ICG FDG LLC PFD EXCH 6.75% SER PFD CV 44924q202 1571 30000 SH SOLE 30000
INTERMEDIA COMM 7.00% SERIES 1 PFD CV 458801867 6380 220000 SH SOLE 220000
INTERMEDIA COMM 7.000% CV PFD PFD CV 458801792 1744 75000 SH SOLE 75000
INTERMEDIA COMM 7.000% SER D C PFD CV 458801701 4469 110000 SH SOLE 110000
INTERMEDIA COMM 7.000% SER E C PFD CV 458801834 19865 685000 SH SOLE 685000
INTERMEDIA COMM 7.000% SER F C PFD CV 458801826 6975 300000 SH SOLE 300000
IXC COMMUNICATIONS INC CV PFD PFD CV 450713847 1819 50000 SH SOLE 50000
K MART FINANCING 1 TRUST CV PF PFD CV 498778208 16187 276700 SH SOLE 276700
KAUFMAN & BROAD HOME CV PFD (P PFD CV 486168503 1950 240000 SH SOLE 240000
LERNOUT & HAUSPIE CAP TR I PIE PFD CV 501608202 2584 78000 SH SOLE 78000
LOMAK PETROLEUM INC CV PFD SER PFD CV 541509402 2806 124700 SH SOLE 124700
LORAL SPACE & COMM 6.000% 11/0 PFD CV g56462149 17348 344375 SH SOLE 344375
MANDATORY COM EXCH TR TIMES 7 PFD CV 562613109 107 24800 SH SOLE 24800
METROMEDIA INTL GROUP PFD CONV PFD CV 591695200 2054 58900 SH SOLE 58900
NATL AUSTRALIA BANK 7.875% CV PFD CV 632525309 5373 176900 SH SOLE 176900
NEWS CORP EXCHANGE TR TOPRS EX PFD CV 652485202 5963 61000 SH SOLE 61000
NEXTEL COMM INC CV PFD ZERO 14 PFD CV 65332v806 33860 67000 SH SOLE 67000
OCCIDENTAL PETE CORP DEL CV PF PFD CV 674599790 16657 287500 SH SOLE 287500
OMNIPOINT CORP 7.000 CV PFD SE PFD CV 68212d300 6814 125900 SH SOLE 125900
OMNIPOINT CORP 7.000% CV PFD S PFD CV 68212d607 42872 792100 SH SOLE 792100
OWENS & MINOR TR I GTD TRM CV PFD CV 690905302 3251 85000 SH SOLE 85000
OWENS CORNING CAP LLC CV PFD M PFD CV 690733209 25767 543900 SH SOLE 543900
PATINA OIL & GAS CORP PFD CV 7 PFD CV 703224204 1486 63916 SH SOLE 63916
PEAK TRENDS TR TRENDS PEAKF PFD CV 70468n107 5270 714600 SH SOLE 714600
PENNCORP FINL GROUP INC CV $3. PFD CV 708094701 640 80000 SH SOLE 80000
PIONEER STANDARD FINL TR CV PF PFD CV 723879300 4532 92500 SH SOLE 92500
POGO TR I QUIPS SER A PFD CV 73044p208 1725 34200 SH SOLE 34200
PSINET INC CV PFD 6.750% SER C PFD CV 74437c309 13510 280000 SH SOLE 280000
QWEST TRENDS TR ENH DIST SECS PFD CV 74912L105 4959 87000 SH SOLE 87000
RECKSON ASSOCS REALTY CV PFD S PFD CV 75621k205 10480 459400 SH SOLE 459400
SAVOIR TECH GRP INC SER A CV P PFD CV xx9303821 1400 70000 SH SOLE 70000
SENSORMATIC ELECT 6.50% CORP C PFD CV 817265200 21435 942200 SH SOLE 942200
SENSORMATIC ELECTRONICS CORP C PFD CV 817265606 2601 114337 SH SOLE 114337
SKYTEL COMM INC 2.25% CV PFD ( PFD CV 83087q302 9613 263375 SH SOLE 263375
SL GREEN RLTY CORP PIERS PFD CV 78440x200 4537 200000 SH SOLE 200000
SPRINT CORP DECS EXCH 2000 PFD CV 852061407 2479 28500 SH SOLE 28500
ST PAUL CAP L L C CV PFD MIPS PFD CV 792856205 10099 171900 SH SOLE 171900
SUIZA CAP TRUST II 5.50% TR CV PFD CV 86507g408 8353 225000 SH SOLE 225000
SUN HEALTHCARE GROUP FING I PF PFD CV 866749203 407 1085500 SH SOLE 1085500
SUPERIOR TR I PFD CV 8.50% PFD CV 86836p202 7095 165000 SH SOLE 165000
TEXAS UTILITIES CO CV PFD (PRI PFD CV 882848203 -605 -11000 SH SOLE -11000
TIMET CAP TR I PFD CONV 144A PFD CV 887381200 1126 44800 SH SOLE 44800
TIMET CAP TR I PFD CONV 6.625% PFD CV 887381408 9236 367600 SH SOLE 367600
TOWER AUTOMOTIVE INC CV PFD (R PFD CV 891706301 11330 220000 SH SOLE 220000
TRIBUNE CO CV PFD NEW DECS 6.2 PFD CV 896047206 735 26125 SH SOLE 26125
U.S. RESTAURANT PROPERTIES CV PFD CV 902971209 827 40000 SH SOLE 40000
UNION PACIFIC CAP TR CV PFD RE PFD CV 907824403 3966 75000 SH SOLE 75000
UNISYS CORP PFD A CV $3.75 PFD CV 909214207 13883 213175 SH SOLE 213175
UNITED RENTALS INC CV PFD TR 1 PFD CV 91136h207 10810 235000 SH SOLE 235000
UNITEDGLOBALCOM CUM CV PFD SER PFD CV 913247102 17675 350000 SH SOLE 350000
USX CAP TR I QUIPS 6.75% REG PFD CV 90339e201 3404 74600 SH SOLE 74600
VANSTAR FINANCING TR CV PFD TR PFD CV 92208q307 10468 475800 SH SOLE 475800
VORNADO RLTY TR PFD CONV SER A PFD CV 929042208 1268 25100 SH SOLE 25100
WALBRO CAP TR PFD CONV TR PFD CV 931152201 6416 242100 SH SOLE 242100
WESTERN GAS RES INC CV PFD $0. PFD CV 958259301 322 10000 SH SOLE 10000
WESTFED HOLDINGS INC PIK SPLIT PFD CV 960080ab5 573 1550000 SH SOLE 1550000
WHX CORP CV PFD SER A PFD CV 929248201 3138 97500 SH SOLE 97500
WINSTAR COMM INC 7.25% CV PFD PFD CV 975515867 7000 7000 SH SOLE 7000
WORTHINGTON INDS INC DECS EXCH PFD CV 981811201 2264 287500 SH SOLE 287500
AAMES FINL CORP COM COM 00253a101 -1537 -1171000 SH SOLE -1171000
ACCLAIM ENTMT INC COM PAR $0.0 COM 004325205 -3596 -564100 SH SOLE -564100
ACTION PERFORMANCE COS INC COM COM 004933107 -838 -25400 SH SOLE -25400
ACTIVISION INC NEW COM NEW COM 004930202 -4117 -282700 SH SOLE -282700
ACXIOM CORP COM COM 005125109 -3910 -156780 SH SOLE -156780
ADAPTEC INC COM COM 00651f108 -1035 -29300 SH SOLE -29300
ADAPTIVE BROADBAND CORP COM COM 00650m104 -702 -32100 SH SOLE -32100
ADVANCED MICRO DEVICES COM 007903107 -7496 -415000 SH SOLE -415000
AES CORP COM COM 00130h105 -16420 -282500 SH SOLE -282500
ALKERMES INC COM COM 01642t108 -3422 -148000 SH SOLE -148000
ALLTEL CORP COM COM 020039103 -2274 -31800 SH SOLE -31800
ALPHARMA INC CL-A COM COM 020813101 -2987 -84000 SH SOLE -84000
ALPS ELECTRIC CO LTD COM COM jp3126400 -3114 -133000 SH SOLE -133000
ALTERRA HEALTHCARE CORP COM COM 02146c104 -4669 -339600 SH SOLE -339600
ALZA CORP DEL COM COM 022615108 -5591 -109900 SH SOLE -109900
AMAZON COM INC COM COM 023135106 -24950 -199400 SH SOLE -199400
AMERICAN PACIFIC CORP COM 028740108 -644 -76300 SH SOLE -76300
AMERICAN RETIREMENT CORP COM COM 028913101 -6754 -540300 SH SOLE -540300
AMKOR TECHNOLOGIES INC COM 031652100 -7950 -775600 SH SOLE -775600
ANTEC CORP COM 03664p105 -2947 -91900 SH SOLE -91900
ARV ASSISTED LIVING COM COM 00204c107 -888 -222000 SH SOLE -222000
ASIA PULP & PAPER LTD SPONSORE COM 04516v100 -962 -100000 SH SOLE -100000
ASPEN TECHNOLOGY INC COM COM 045327103 -540 -46000 SH SOLE -46000
AT&T CORP COM COM 001957109 -4753 -85163 SH SOLE -85163
AT&T CORP-LIBERTY MEDIA GRP-A COM 001957208 -7901 -215000 SH SOLE -215000
AVIRON COM COM 053762100 -9939 -345700 SH SOLE -345700
BAKER J INC COM COM 057232100 -1112 -128925 SH SOLE -128925
BANK TOKYO-MITSUBISHI SPONSORE COM 065379109 -17475 -1200000 SH SOLE -1200000
BANKATLANTIC BANCORP CL A COM 065908501 -203 -27950 SH SOLE -27950
BEA SYSTEMS INC COM COM 073325102 -16963 -593900 SH SOLE -593900
BELCO OIL & GAS CORP COM COM 077410108 -458 -66050 SH SOLE -66050
BETHLEHEM STEEL CORP COM COM 087509105 -361 -47000 SH SOLE -47000
BP AMOCO PLC SPON ADR COM 055622104 -15591 -143700 SH SOLE -143700
BRITISH SKY BROADCSTNG SPONSOR COM 111013108 -3643 -64900 SH SOLE -64900
C B S INC COM 12490k107 -4008 -92000 SH SOLE -92000
CABLE & WIRELESS COM (POUNDS S COM gb0001637 -2645 -275000 SH SOLE -275000
CABLE & WIRELESS COMM SPONSORE COM 12682P104 -4268 -88000 SH SOLE -88000
CANADIAN NATIONAL RAILWAY CO C COM 136375102 -2680 -40000 SH SOLE -40000
CANADIAN OCCIDENTAL PETE COM COM 136420106 -8260 -512275 SH SOLE -512275
CAREMATRIX CORPORATION COM COM 141706101 -2563 -206100 SH SOLE -206100
CELLNET DATA SYSTEMS INC COM COM 15115m101 -207 -23000 SH SOLE -23000
CENTRAL GARDEN & PET CO COM COM 153527106 -924 -90100 SH SOLE -90100
CENTRAL PARKING CORP (symbol c COM 154785109 -5483 -160100 SH SOLE -160100
CHECKPOINT SYSTEMS INC COM 162825103 -3184 -356300 SH SOLE -356300
CHESAPEAKE ENERGY CORP COM COM 165167107 -612 -208500 SH SOLE -208500
CHIQUITA BRANDS INTL COM COM 170032106 -5879 -653200 SH SOLE -653200
CHUBB CORP COM COM 171232101 -3635 -52300 SH SOLE -52300
CHUGAI PHARMACEUTICALS COM COM jp3519400 -3629 -337000 SH SOLE -337000
CIRRUS LOGIC CORP COM COM 172755100 -902 -101600 SH SOLE -101600
CITIZENS UTILS CO DEL CL B COM 177342201 -16846 -1514209 SH SOLE -1514209
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 -38285 -555362 SH SOLE -555362
COEUR D ALENE MINES ID COM COM 192108108 -913 -197300 SH SOLE -197300
CONCENTRA MANAGED CARE INC COM COM 20589t103 -3527 -238100 SH SOLE -238100
CREDIT SAISON COM COM jp3271400 -1955 -93600 SH SOLE -93600
CRESCENT REAL ESTATE COM COM 225756105 -6225 -262100 SH SOLE -262100
CYMER INC COM COM 232572107 -2480 -99200 SH SOLE -99200
DATA GEN CORP COM COM 237688106 -6999 -480600 SH SOLE -480600
DIAMOND OFFSHORE DRILL COM COM 25271C102 -2347 -82700 SH SOLE -82700
E SPIRE COMMUNICATIONS INC COM 269153102 -1622 -153600 SH SOLE -153600
EMCOR GROUP INC COM COM 29084q100 -2272 -90200 SH SOLE -90200
EMERITUS CORP COM COM 291005106 -2209 -222300 SH SOLE -222300
EQUITY OFFICE PPTYS TR COM COM 294741103 -717 -28000 SH SOLE -28000
EQUITY RESIDENTIAL PROPERTIES COM 29476l107 -617 -13700 SH SOLE -13700
FAMILY GOLF CENTERS INC COM COM 30701a106 -354 -46000 SH SOLE -46000
FEDERAL MOGUL CORP COM COM 313549107 -3635 -69900 SH SOLE -69900
FEDERATED DEPT STORES COM COM 31410h101 -974 -18400 SH SOLE -18400
FINANCIAL FEDERAL CORP COM COM 317492106 -2732 -124200 SH SOLE -124200
FLEETWOOD ENTERPRISES COM COM 339099103 -1769 -66900 SH SOLE -66900
FRONTIER INS GRP NEW COM COM 359081106 -6787 -441400 SH SOLE -441400
GENERAL DATACOMM INDS COM COM 369487103 -1180 -410300 SH SOLE -410300
GENERAL GROWTH PPTYS COM COM 370021107 -9855 -277600 SH SOLE -277600
GENESCO INC COM 371532102 -1937 -133000 SH SOLE -133000
GILEAD SCIENCES INC COM COM 375558103 -261 -5000 SH SOLE -5000
GLENBOROUGH REALTY TR INC COM COM 37803P105 -345 -19700 SH SOLE -19700
GLOBAL TELESYSTEMS GROUP INC C COM 37936u104 -17455 -215500 SH SOLE -215500
GOODRICH B F CO COM COM 382388106 -13043 -306900 SH SOLE -306900
GULF INDONESIA RES LTD COM COM 402284103 -218 -19000 SH SOLE -19000
HANSHIN ELEC RWY COM -230 -73000 SH SOLE -73000
HERBALIFE INTL INC CL-B COM 426908307 -807 -93600 SH SOLE -93600
HEXCEL CORP NEW COM COM 428291108 -2850 -281500 SH SOLE -281500
HMT TECHNOLOGY CORP COM 403917107 -1068 -427400 SH SOLE -427400
HNC SOFTWARE INC COM COM 40425p107 -826 -26800 SH SOLE -26800
HOMEBASE INC COM COM 43738e108 -4345 -688350 SH SOLE -688350
HOST MARRIOTT CORP-NEW REIT COM 44107p104 -5148 -433505 SH SOLE -433505
HUTCHINSON TECH INC COM COM 448407106 -9517 -342950 SH SOLE -342950
HVIDE MARINE INC CL-A COM 448515106 -444 -206100 SH SOLE -206100
HYPERION SOLUTIONS CORP (ARSW COM 44914m104 -712 -40000 SH SOLE -40000
ICG COMMUNICATIONS INC COM COM 449246107 -1176 -55000 SH SOLE -55000
INA COM CORP COM 45323g109 -5220 -413492 SH SOLE -413492
INTEL CORP COM COM 458140100 -2993 -50300 SH SOLE -50300
INTERIM SERVICES INC COM COM 45868p100 -912 -44200 SH SOLE -44200
INTERMEDIA COMMUNICATION COM COM 458801107 -27090 -903009 SH SOLE -903009
IOMEGA CORP COM COM 462030107 -825 -167000 SH SOLE -167000
ITC DELTACOM INC COM COM 45031t104 -1834 -65500 SH SOLE -65500
ITRON INC COM COM 465741106 -10272 -1199700 SH SOLE -1199700
IXC COMMUNICATIONS INC COM 450713102 -943 -24000 SH SOLE -24000
K MART CORP COM COM 482584109 -10222 -619500 SH SOLE -619500
KAUFMAN & BROAD HOME CORP COM COM 486168107 -1393 -56000 SH SOLE -56000
KELLSTROM INDS INC COM COM 488035106 -1538 -84300 SH SOLE -84300
KOMORI CORP COM -540 -30000 SH SOLE -30000
LERNOUT & HAUSPIE SPEECH PROD COM b5628b104 -2374 -67000 SH SOLE -67000
LORAL CORP COM COM G56462107 -12406 -689200 SH SOLE -689200
LUCENT TECHNOLOGIES COM COM 549463107 -1435 -21275 SH SOLE -21275
MAGNA INTL INC CL-A COM 559222401 -11072 -195100 SH SOLE -195100
MARK IV INDS INC COM COM 570387100 -370 -17500 SH SOLE -17500
MASCOTECH INC COM 574670105 -1187 -70100 SH SOLE -70100
MATSUSHITA ELECTRIC INDUSTRIAL COM jp3866800 -3106 -160000 SH SOLE -160000
MATTEL INC COM COM 577081102 -622 -23820 SH SOLE -23820
METRICOM INC COM 591596101 -618 -30900 SH SOLE -30900
METROMEDIA INTL GROUP COM COM 591695101 -1161 -154800 SH SOLE -154800
MICHAELS STORES INC COM COM 594087108 -603 -19700 SH SOLE -19700
MIDAMERICAN ENERGY HLDGS CO CO COM 59562v107 -2240 -64696 SH SOLE -64696
MINDSPRING ENTERPRISES INC COM COM 602683104 -1134 -25600 SH SOLE -25600
MITSUBISHI BANK INTL FIN COM jp3589202 -2746 -193000 SH SOLE -193000
MITSUBISHI LOGISTICS CORP COM jp3902000 -1045 -93000 SH SOLE -93000
MRV COMMUNICATIONS INC COM COM 553477100 -534 -40700 SH SOLE -40700
NATL AUSTRALIA BANK LTD ADR (N COM 632525408 -2965 -35300 SH SOLE -35300
NCS HEALTHCARE INC CL A COM 628874109 -2029 -373100 SH SOLE -373100
NEC CORPORATION COM COM jp3733000 -3282 -264000 SH SOLE -264000
NEXSTAR PHARMACEUTICAL COM COM 65333b106 -16747 -840000 SH SOLE -840000
NEXTEL COMMUNICATIONS CL-A COM COM 65332v103 -42629 -849400 SH SOLE -849400
NOBLE INTL LTD COM COM 655053106 -960 -60000 SH SOLE -60000
OAK INDUSTRIES INC COM COM 671400505 -9424 -214800 SH SOLE -214800
OMNICARE INC COM COM 681904108 -1194 -94600 SH SOLE -94600
OMNIPOINT CORP COM COM 68212d102 -36863 -1273900 SH SOLE -1273900
OWENS & MINOR INC NEW COM COM 690732102 -1430 -130000 SH SOLE -130000
OWENS CORNING FIBERGLASS CO. N COM 69073f103 -14221 -413700 SH SOLE -413700
PATINA OIL & GAS CORP COM COM 703224105 -852 -135000 SH SOLE -135000
PEAK INTL LTD ORD COM g69586108 -1195 -176200 SH SOLE -176200
PERSONNEL GROUP OF AMERICA INC COM 715338109 -1578 -157800 SH SOLE -157800
PETSMART INC COM COM 716768106 -8103 -790500 SH SOLE -790500
PIONEER STANDARD ELECTRS COM COM 723877106 -2490 -207500 SH SOLE -207500
POGO PRODUCING CO COM COM 730448107 -838 -45000 SH SOLE -45000
PREMIERE TECHNOLOGIES COM COM 74058f102 -462 -40175 SH SOLE -40175
PSINET INC COM COM 74437c101 -7074 -161700 SH SOLE -161700
QUADRAMED CORP COM COM 74730w101 -1514 -186400 SH SOLE -186400
QUANEX CORP COM COM 747620102 -379 -13300 SH SOLE -13300
QWEST COMMUNICATIONS COM COM 749121109 -4715 -142600 SH SOLE -142600
RANGE RESOURCES CORP (N/C 0826 COM 75281a109 -1409 -230100 SH SOLE -230100
READ-RITE CORP COM COM 755246105 -1447 -233200 SH SOLE -233200
RECKSON ASSOCIATES REALTY COM COM 75621k106 -6477 -274900 SH SOLE -274900
REPTRON ELECTRONICS INC COM 76026w109 -283 -79300 SH SOLE -79300
RES-CARE INC COM COM 760943100 -3372 -148200 SH SOLE -148200
ROBBINS & MYERS INC COM COM 770196103 -917 -41100 SH SOLE -41100
ROUGE INDUSTRIES INC CL-A (DEL COM 779088103 -2388 -244950 SH SOLE -244950
SAFEGUARD SCIENTIFICS INC COM COM 786449108 -3081 -48900 SH SOLE -48900
SAVOIR TECHNOLOGY GROUP INC COM 80533w107 -712 -76000 SH SOLE -76000
SBC COMMUNICATIONS INC COM COM 78387G103 -2867 -49424 SH SOLE -49424
SBS BROADCASTING SA COM l8137f102 -8027 -248900 SH SOLE -248900
SEKISUI HOUSE LTD COM COM jp3420600 -981 -91000 SH SOLE -91000
SENSORMATIC ELECTRONICS CORP C COM 817265101 -13223 -948767 SH SOLE -948767
SINGER CO NV COM 82930F109 -319 -68100 SH SOLE -68100
SKYTEL COMMUNICATIONS INC COM COM 83087q104 -3884 -185500 SH SOLE -185500
SL GREEN REALTY CORP COM COM 78440x101 -2759 -135000 SH SOLE -135000
SMC CORP COM COM jp3162600 -7631 -68200 SH SOLE -68200
SPACEHAB INC COM COM 846243103 -632 -123300 SH SOLE -123300
SPORTSLINE USA INC COM COM 848934105 -3311 -92300 SH SOLE -92300
ST PAUL COMPANIES INC COM COM 792860108 -5879 -184800 SH SOLE -184800
STMICROELECTRONICS N.V. COM COM 861012102 -5282 -76200 SH SOLE -76200
SUIZA FOODS CORP COM COM 865077101 -4229 -101000 SH SOLE -101000
SUMITOMO MARINE & FIRE INS CO COM jp3401000 -223 -37000 SH SOLE -37000
SUNBEAM CORPORATION COM 867071102 -437 -55000 SH SOLE -55000
SUPERIOR TELECOM INC COM COM 868365107 -3546 -141850 SH SOLE -141850
TAKARA SHUZO CO LTD COM COM jp3459600 -962 -118000 SH SOLE -118000
TELEFONOS DE MEXICO SA SP ADR COM 879403780 -12534 -155100 SH SOLE -155100
TELXON CORP COM COM 879700102 -1522 -191700 SH SOLE -191700
TITANIUM METALS CORP COM COM 888339108 -3979 -353700 SH SOLE -353700
TOKYO GAS CO COM COM jp3573000 -929 -373000 SH SOLE -373000
TOTO LTD COM jp3596200 -1274 -165000 SH SOLE -165000
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