<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 5797 60000 SH SOLE 60000
AMERICAN STORES CO NEW COM COM 030096101 5283 160100 SH SOLE 160100
AMP INC COM COM 031897101 9486 177300 SH SOLE 177300
ASCEND COMMUNICATIONS COM COM 043491109 18595 222200 SH SOLE 222200
ASSOCIATED GROUP INC CL-A COM COM 045651106 3965 80000 SH SOLE 80000
ASTRA AB-SPONS ADR A COM 046298105 2048 89300 SH SOLE 89300
COLTEC INDS INC COM COM 196879100 818 45000 SH SOLE 45000
EAGLE HARDWARE & GARDEN COM COM 26959b101 15577 407900 SH SOLE 407900
ESSEX INTL INC DEL COM COM 297025108 2078 87500 SH SOLE 87500
EXCITE INC COM COM 300904109 8694 62100 SH SOLE 62100
GETCHELL GOLD CORP COM COM 374265106 786 30000 SH SOLE 30000
GULF CDA RES LTD ORD COM 40218l305 269 100000 SH SOLE 100000
INTERMEDIA COMMUNICATIONS INC COM 458801974 215 8092 SH SOLE 8092
LEARNING COMPANY INC COM COM 522008101 870 30000 SH SOLE 30000
LEVEL ONE COMMUNICATIONS COM COM 527295109 1945 40000 SH SOLE 40000
MEYER FRED INC HLDG CO COM 592907109 11039 187500 SH SOLE 187500
MORTON INTL IND NEW COM COM 619335102 1323 36000 SH SOLE 36000
PETRIE STORES CORP COM COM 716437108 175 81000 SH SOLE 81000
SAVOIR TECHNOLOGY GROUP INC NE COM xx9304243 385 30768 SH SOLE 30768
SEMI-TECH CORP CL A COM 81662e108 205 1024400 SH SOLE 1024400
TELEPHONE & DATA SYS COM COM 879433100 1246 22100 SH SOLE 22100
THERMO FIBERGEN INC COM COM 88355U109 1147 124000 SH SOLE 124000
TPI ENTERPRISES INC COM COM 872623103 0 65000 SH SOLE 65000
UNISOURCE WORLDWIDE COM COM 909208100 499 70000 SH SOLE 70000
UNITED STATES FILTER COM NEW COM 911843209 4287 140000 SH SOLE 140000
AES TRUST II GTD TRM CV SER B PFD CV 001034305 14731 341600 SH SOLE 341600
ALKERMES INC PFD CV EX$3.25 PFD CV 01642t405 6325 115000 SH SOLE 115000
BELCO OIL & GAS CORP PFD CONV PFD CV 077410207 1758 111600 SH SOLE 111600
BREED TECH INC CAP TR SER 144A PFD CV 05576m203 577 60000 SH SOLE 60000
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n200 4840 110000 SH SOLE 110000
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n309 2200 50000 SH SOLE 50000
CALENERGY CAPITAL TRUST TIDES PFD CV 129465308 2965 57300 SH SOLE 57300
CELLNET FUNDING LLC CV PFD PFD CV 150945202 400 25000 SH SOLE 25000
CENTRAL PARKING FIN TR CV PFD PFD CV 154787303 3260 160000 SH SOLE 160000
CENTRAL PARKING FIN TR CV PFD PFD CV 154787204 3912 192000 SH SOLE 192000
CHESAPEAKE ENERGY CV PFD 7.0% PFD CV 165167305 1878 144475 SH SOLE 144475
CHIQUITA BRANDS CV PFD SER A PFD CV 170032403 9897 264350 SH SOLE 264350
CHIQUITA BRANDS INTL PFD NV CV PFD CV 170032502 5505 123200 SH SOLE 123200
CITIZENS UTILITIES TR CV PFD ( PFD CV 177351202 30386 754940 SH SOLE 754940
CRESCENT REAL EST PPTYS 6.750% PFD CV 225756204 10206 642900 SH SOLE 642900
DECS TR III DECS EX B HERBALIF PFD CV 243665205 1700 160000 SH SOLE 160000
ECHOSTAR COMM 6.75% CV PFD SER PFD CV 278762307 4112 25000 SH SOLE 25000
EL PASO ENERGY CORP CAP TR I C PFD CV 283678209 4379 91000 SH SOLE 91000
EQUITY OFFICE PPTY TR 5.25 SER PFD CV 294741301 1660 40000 SH SOLE 40000
FLEETWOOD CAP TR CV PFD TR 6% PFD CV 339072407 4598 108200 SH SOLE 108200
FRONTIER FIN TR CORP CONV PFD PFD CV 35907u301 8951 239495 SH SOLE 239495
GENERAL DATACOMM INDS INC CV P PFD CV 369487202 2690 269000 SH SOLE 269000
GENERAL GROWTH PPTYS 7.25% CV PFD CV 370021206 13518 594200 SH SOLE 594200
GENEVA STEEL CO PFD B EXCH 14% PFD CV 372252403 450 22500 SH SOLE 22500
GLENBOROUGH REALTY TR PFD CV S PFD CV 37803p204 779 46500 SH SOLE 46500
GOLDEN BOOKS FIN TR TOPRS 8.75 PFD CV 38080r400 36 10000 SH SOLE 10000
GREYHOUND LINES INC CV EXCH PF PFD CV 398048702 5237 157500 SH SOLE 157500
GREYHOUND LINES INC CV EXCH PF PFD CV 398048306 5985 180000 SH SOLE 180000
HOST MARRIOTT FINL QUIPS 6.75% PFD CV 441079407 6299 159970 SH SOLE 159970
HVIDE CAP TR TCPS% PFD CV 448513408 1150 100000 SH SOLE 100000
HYBRIDON INC. SER A CV PFD (RE PFD CV 44860m884 1838 36768 SH SOLE 36768
ICG FDG LLC PFD EXCH 6.75% SER PFD CV 44924q202 2691 54500 SH SOLE 54500
INTERMEDIA COMM 7.00% SERIES 1 PFD CV 458801867 5747 220000 SH SOLE 220000
INTERMEDIA COMM 7.000% SER D C PFD CV 458801701 5800 160000 SH SOLE 160000
INTERMEDIA COMM 7.000% SER E C PFD CV 458801834 13583 515000 SH SOLE 515000
INTERMEDIA COMM 7.000% SER F C PFD CV 458801826 6300 300000 SH SOLE 300000
IT GROUP INC DEP REPSTG CV PFD PFD CV 465266302 381 17600 SH SOLE 17600
IXC COMMUNICATIONS INC CV PFD PFD CV 450713847 2000 50000 SH SOLE 50000
K MART FINANCING 1 TRUST CV PF PFD CV 498778208 20509 339000 SH SOLE 339000
KAUFMAN & BROAD HOME CV PFD (P PFD CV 486168503 1920 240000 SH SOLE 240000
LERNOUT & HAUSPIE CAP TR I PIE PFD CV 501608202 2457 78000 SH SOLE 78000
LOMAK FIN TR CV PFD TR 5.75% PFD CV 541505400 232 16000 SH SOLE 16000
LOMAK PETROLEUM INC CV PFD SER PFD CV 541509402 2706 212200 SH SOLE 212200
LORAL SPACE & COMM 6.000% 11/0 PFD CV g56462149 6383 134375 SH SOLE 134375
MANDATOTY COM EXCH TR TIMES 7 PFD CV 562613109 345 68100 SH SOLE 68100
METROMEDIA INTL GROUP PFD CONV PFD CV 591695200 1576 58900 SH SOLE 58900
NATL AUSTRALIA BANK 7.875% CV PFD CV 632525309 4791 153000 SH SOLE 153000
NEWELL FIN TR 1 SER 144A PFD CV 651195208 3602 65200 SH SOLE 65200
NEWS CORP EXCHANGE TR TOPRS EX PFD CV 652485202 6399 71000 SH SOLE 71000
NEXTEL COMM INC CV PFD ZERO 14 PFD CV 65332v806 27720 72000 SH SOLE 72000
NEXTLINK COMM INC CV PFD (REG) PFD CV 65333h863 1741 25000 SH SOLE 25000
NEXTLINK COMM INC CV PFD 144A PFD CV 65333h806 6266 90000 SH SOLE 90000
OCCIDENTAL PETE CP DEL CV PFD PFD CV 674599790 8989 181600 SH SOLE 181600
OMNIPOINT CORP 7.000 CV PFD SE PFD CV 68212d300 7668 238700 SH SOLE 238700
OMNIPOINT CORP 7.000% CV PFD S PFD CV 68212d607 25838 804300 SH SOLE 804300
OWENS & MINOR TR I GTD TRM CV PFD CV 690905302 3400 85000 SH SOLE 85000
OWENS CORNING CAP LLC CV PFD M PFD CV 690733209 23290 519000 SH SOLE 519000
PATINA OIL & GAS CORP PFD CV 7 PFD CV 703224204 1532 79560 SH SOLE 79560
PEAK TRENDS TR TRENDS PEAKF PFD CV 70468n107 2741 664600 SH SOLE 664600
PENNCORP FINL GROUP INC CV $3. PFD CV 708094701 760 80000 SH SOLE 80000
PIONEER STANDARD FINL TR CV PF PFD CV 723879300 2185 57500 SH SOLE 57500
RECKSON ASSOCS REALTY CV PFD S PFD CV 75621k205 9320 457400 SH SOLE 457400
SAVOIR TECH GRP INC SER A CV P PFD CV xx9303821 840 70000 SH SOLE 70000
SEALED AIR CORP NEW CV PFD SER PFD CV 81211k209 30111 608300 SH SOLE 608300
SENSORMATIC ELECT 6.50% CORP C PFD CV 817265200 16488 942200 SH SOLE 942200
SENSORMATIC ELECTRONICS CORP C PFD CV 817265606 1449 82774 SH SOLE 82774
SKYTEL COMM INC 2.25% CV PFD ( PFD CV 83087q302 12230 407675 SH SOLE 407675
SL GREEN RLTY CORP PIERS PFD CV 78440x200 4100 200000 SH SOLE 200000
SPRINT CORP DECS EXCH 2000 PFD CV 852061407 2080 28500 SH SOLE 28500
ST PAUL CAP L L C CV PFD MIPS PFD CV 792856205 3090 53500 SH SOLE 53500
STATION CASINOS INC PFD CONV PFD CV 857689202 1183 24400 SH SOLE 24400
SUIZA CAP TRUST II 5.50% TR CV PFD CV 86507g408 7762 225000 SH SOLE 225000
SUN HEALTHCARE GROUP FING I PF PFD CV 866749203 1357 1085500 SH SOLE 1085500
TIMET CAP TR I PFD CONV 144A PFD CV 887381200 857 44800 SH SOLE 44800
TIMET CAP TR I PFD CONV 6.625% PFD CV 887381408 6380 333600 SH SOLE 333600
TRIATHLON BROADCASTING CO CV P PFD CV 89589p304 525 50000 SH SOLE 50000
TRIBUNE CO CV PFD NEW DECS 6.2 PFD CV 896047206 976 35500 SH SOLE 35500
UNISYS CORP PFD A CV $3.75 PFD CV 909214207 16100 310360 SH SOLE 310360
UNITED RENTALS INC CV PFD TR 1 PFD CV 91136h207 10399 235000 SH SOLE 235000
VANSTAR FINANCING TR CV PFD TR PFD CV 92208q307 6861 345800 SH SOLE 345800
VORNADO RLTY TR PFD CONV SER A PFD CV 929042208 3023 61700 SH SOLE 61700
WALBRO CAP TR PFD CONV TR PFD CV 931152201 4841 267100 SH SOLE 267100
WESTFED HOLDINGS INC PIK SPLIT PFD CV 960080ab5 2116 2550000 SH SOLE 2550000
WHX CORP CV PFD SER A PFD CV 929248201 3382 97500 SH SOLE 97500
WINSTAR COMMUNICATIONS INC 6% PFD CV 975515602 29727 725060 SH SOLE 725060
WINSTAR COMMUNICATIONS INC 6% PFD CV 975515404 5336 130140 SH SOLE 130140
WORTHINGTON INDS INC DECS EXCH PFD CV 981811201 3150 350000 SH SOLE 350000
AAMES FINL CORP COM COM 00253a101 -1976 -1171000 SH SOLE -1171000
ACCLAIM ENTMT INC COM PAR $0.0 COM 004325205 -5399 -604100 SH SOLE -604100
ACXIOM CORP COM COM 005125109 -4743 -179000 SH SOLE -179000
ADAPTEC INC COM COM 00651F108 -440 -19300 SH SOLE -19300
ADAPTIVE BROADBAND CORP COM COM 00650m104 -270 -25100 SH SOLE -25100
ADVANCED MICRO DEVICES COM 007903107 -6169 -398000 SH SOLE -398000
AES CORP COM COM 00130h105 -2980 -80000 SH SOLE -80000
ALBERTSONS INC COM COM 013104104 -5487 -100800 SH SOLE -100800
ALKERMES INC COM COM 01642t108 -4033 -148000 SH SOLE -148000
ALTERNATIVE LIVING SERVICES IN COM 02145k107 -1112 -55600 SH SOLE -55600
ALZA CORP DEL COM COM 022615108 -3205 -83800 SH SOLE -83800
AMAZON COM INC COM COM 023135106 -20490 -119000 SH SOLE -119000
AMERICAN PACIFIC CORP COM 028740108 -880 -113500 SH SOLE -113500
AMERICAN RESIDENTIAL SVCS COM COM 028911105 -716 -133200 SH SOLE -133200
AMERICAN RETIREMENT CORP COM COM 028913101 -3735 -259800 SH SOLE -259800
AMKOR TECHNOLOGIES INC COM 031652100 -1657 -210400 SH SOLE -210400
ANTEC CORP COM 03664P105 -5981 -278200 SH SOLE -278200
APPLE COMPUTER INC COM COM 037833100 -14199 -395100 SH SOLE -395100
ARV ASSISTED LIVING COM COM 00204c107 -776 -197200 SH SOLE -197200
ASIA PULP & PAPER LTD SPONSORE COM 04516v100 -837 -100000 SH SOLE -100000
ASPEN TECHNOLOGY INC COM COM 045327103 -321 -22600 SH SOLE -22600
AT HOME CORP COM SER A COM 045919107 -7462 -47380 SH SOLE -47380
AT&T CORP COM COM 001957109 -2299 -28809 SH SOLE -28809
AT&T CORP-LIBERTY MEDIA GRP-A COM 001957208 -789 -15000 SH SOLE -15000
AVIRON COM COM 053762100 -4990 -246400 SH SOLE -246400
BAKER J INC COM COM 057232100 -483 -128925 SH SOLE -128925
BANK TOKYO-MITSUBISHI SPONSORE COM 065379109 -16800 -1200000 SH SOLE -1200000
BANKATLANTIC BANCORP CL A COM 065908501 -591 -83750 SH SOLE -83750
BEA SYSTEMS INC COM COM 073325102 -8423 -539100 SH SOLE -539100
BELCO OIL & GAS CORP COM COM 077410108 -437 -73550 SH SOLE -73550
BJ SVCS CO COM COM 055482103 -13922 -598800 SH SOLE -598800
BREED TECHNOLOGIES INC COM COM 106702103 -249 -70000 SH SOLE -70000
BRITISH SKY BROADCSTNG SPONSOR COM 111013108 -3710 -72400 SH SOLE -72400
CABLE & WIRELESS COM (POUNDS S COM gb0001637 -3105 -275000 SH SOLE -275000
CABLE & WIRELESS COMM SPONSORE COM 12682P104 -2885 -51000 SH SOLE -51000
CANADIAN OCCIDENTAL PETE COM COM 136420106 -3809 -315775 SH SOLE -315775
CAREMATRIX CORPORATION COM COM 141706101 -1024 -53900 SH SOLE -53900
CENTRAL PARKING CORP (symbol c COM 154785109 -3767 -109200 SH SOLE -109200
CHECKPOINT SYSTEMS INC COM 162825103 -2339 -281400 SH SOLE -281400
CHESAPEAKE ENERGY CORP COM COM 165167107 -287 -208500 SH SOLE -208500
CHIQUITA BRANDS INTL COM COM 170032106 -6948 -682000 SH SOLE -682000
CHUGAI PHARMACEUTICALS COM COM jp3519400 -4696 -408000 SH SOLE -408000
CITIZENS UTILS CO DEL CL B COM 177342201 -10867 -1402217 SH SOLE -1402217
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 -2381 -35500 SH SOLE -35500
CNET INC COM COM 125945105 -8936 -97000 SH SOLE -97000
COEUR D ALENE MINES ID COM COM 192108108 -979 -237300 SH SOLE -237300
COMVERSE TECHNOLOGY COM PAR $0 COM 205862402 -4756 -55950 SH SOLE -55950
CONCENTRA MANAGED CARE COM COM 20589t103 -3402 -234600 SH SOLE -234600
CREDIT SAISON COM COM jp3271400 -2078 -95000 SH SOLE -95000
CRESCENT REAL ESTATE COM COM 225756105 -4840 -225100 SH SOLE -225100
CYMER INC COM COM 232572107 -958 -48200 SH SOLE -48200
DANKA BUSINESS SYSTEMS COM 236277109 -1130 -226000 SH SOLE -226000
DATA GEN CORP COM COM 237688106 -4866 -480600 SH SOLE -480600
DIAMOND OFFSHORE DRILL COM COM 25271C102 -4073 -128800 SH SOLE -128800
E SPIRE COMMUNICATIONS INC COM 269153102 -1906 -138600 SH SOLE -138600
ECHOSTAR COMMUNICATIONS NEW CL COM 278762109 -4098 -50200 SH SOLE -50200
EL PASO ENERGY CORP DEL COM COM 283905107 -2197 -67200 SH SOLE -67200
EMCOR GROUP INC COM COM 29084q100 -691 -40200 SH SOLE -40200
EMERITUS CORP COM COM 291005106 -1831 -183100 SH SOLE -183100
EQUITY OFFICE PPTYS TR COM COM 294741103 -710 -28000 SH SOLE -28000
EXODUS COMMUNICATIONS INC COM COM 302088109 -2112 -15700 SH SOLE -15700
FEDERATED DEPT STORES COM COM 31410h101 -8093 -201700 SH SOLE -201700
FLEETWOOD ENTERPRISES COM COM 339099103 -1915 -66900 SH SOLE -66900
FRONTIER INS GRP NEW COM COM 359081106 -4885 -411400 SH SOLE -411400
GENERAL DATACOMM INDS COM COM 369487103 -1026 -410300 SH SOLE -410300
GENERAL GROWTH PPTYS COM COM 370021107 -7318 -225600 SH SOLE -225600
GILAT SATELLITE NETWORKS LTD COM m51474100 -1740 -29000 SH SOLE -29000
GLENBOROUGH REALTY TR INC COM COM 37803P105 -335 -19700 SH SOLE -19700
GLOBAL TELESYSTEMS GROUP INC C COM 37936u104 -11322 -202400 SH SOLE -202400
GOODRICH B F CO COM COM 382388106 -865 -25200 SH SOLE -25200
HALTER MARINE GROUP COM COM 40642y105 -507 -87250 SH SOLE -87250
HANSHIN ELEC RWY COM -230 -73000 SH SOLE -73000
HERBALIFE INTL INC CL-B COM 426908307 -877 -93600 SH SOLE -93600
HMT TECHNOLOGY CORP COM 403917107 -1454 -415400 SH SOLE -415400
HOMEBASE INC COM COM 43738e108 -2584 -582200 SH SOLE -582200
HOST MARRIOTT CORP-NEW REIT COM 44107p104 -4823 -433505 SH SOLE -433505
HUTCHINSON TECH INC COM COM 448407106 -2737 -110050 SH SOLE -110050
HVIDE MARINE INC CL-A COM 448515106 -347 -80400 SH SOLE -80400
HYPERION SOLUTIONS CORP (ARSW COM 44914m104 -436 -30100 SH SOLE -30100
ICG COMMUNICATIONS INC COM COM 449246107 -1986 -99300 SH SOLE -99300
INA COM CORP COM 45323g109 -1810 -233492 SH SOLE -233492
INTEL CORP COM COM 458140100 -2045 -17200 SH SOLE -17200
INTERMEDIA COMMUNICATION COM COM 458801107 -21914 -823068 SH SOLE -823068
IOMEGA CORP COM COM 462030107 -934 -182200 SH SOLE -182200
ITRON INC COM COM 465741106 -4895 -522100 SH SOLE -522100
IXC COMMUNICATIONS INC COM 450713102 -1101 -24000 SH SOLE -24000
JACOR COMMUNICATIONS INC CL-A COM 469858401 -41488 -545900 SH SOLE -545900
K MART CORP COM COM 482584109 -14703 -874500 SH SOLE -874500
KAUFMAN & BROAD HOME CORP COM COM 486168107 -1263 -56000 SH SOLE -56000
KOMORI CORP COM -683 -37000 SH SOLE -37000
KROGER CO COM COM 501044101 -11227 -187500 SH SOLE -187500
KUSHNER-LOCKE CO COM NEW COM 501337406 -2595 -167409 SH SOLE -167409
LEARNING COMPANY INC COM COM 522008101 -783 -27000 SH SOLE -27000
LERNOUT & HAUSPIE SPEECH PROD COM b5628b104 -1410 -47000 SH SOLE -47000
LORAL CORP COM COM G56462107 -3887 -269200 SH SOLE -269200
LOWES COMPANIES INC COM 548661107 -15790 -261000 SH SOLE -261000
LUCENT TECHNOLOGIES COM COM 549463107 -19807 -183400 SH SOLE -183400
MAGNA INTL INC CL-A COM 559222401 -9489 -163500 SH SOLE -163500
MAIL-WELL INC COM COM 560321200 -7753 -579700 SH SOLE -579700
MARK IV INDS INC COM COM 570387100 -390 -30000 SH SOLE -30000
MASCOTECH INC COM 574670105 -1615 -104200 SH SOLE -104200
MATTEL INC COM COM 577081102 -823 -33000 SH SOLE -33000
METROMEDIA INTL GROUP COM COM 591695101 -755 -154800 SH SOLE -154800
MIDAMERICAN ENERGY HLDGS CO CO COM 59562v107 -5253 -187600 SH SOLE -187600
MITSUBISHI BANK INTL FIN COM jp3589202 -2650 -193000 SH SOLE -193000
MITSUBISHI LOGISTICS CORP COM jp3902000 -1066 -93000 SH SOLE -93000
MRV COMMUNICATIONS INC COM COM 553477100 -245 -40700 SH SOLE -40700
NATL AUSTRALIA BANK LTD ADR (N COM 632525408 -2310 -25600 SH SOLE -25600
NCS HEALTHCARE INC CL A COM 628874109 -1908 -159000 SH SOLE -159000
NEC CORPORATION COM COM jp3733000 -1450 -121000 SH SOLE -121000
NEWELL RUBBERMAID INC COM (N/ COM 651229106 -1926 -40549 SH SOLE -40549
NEXSTAR PHARMACEUTICAL COM COM 65333b106 -17783 -1042200 SH SOLE -1042200
NEXTEL COMMUNICATIONS CL A COM 65332v103 -21096 -576000 SH SOLE -576000
NEXTLINK COMMUNICATIONS CL-A COM 65333h707 -6356 -113500 SH SOLE -113500
NTL INC AS OF 01 COM 629407107 -9749 -119800 SH SOLE -119800
OAK INDUSTRIES INC COM COM 671400505 -2892 -91100 SH SOLE -91100
OMNIPOINT CORP COM COM 68212d102 -19482 -1349400 SH SOLE -1349400
OWENS & MINOR INC NEW COM COM 690732102 -1316 -130000 SH SOLE -130000
OWENS CORNING FIBERGLASS CO. N COM 69073f103 -9668 -303900 SH SOLE -303900
PATINA OIL & GAS CORP COM COM 703224105 -694 -173600 SH SOLE -173600
PEAK INTL LTD ORD COM g69586108 -672 -290500 SH SOLE -290500
PERSONNEL GROUP OF AMERICA INC COM 715338109 -1134 -157800 SH SOLE -157800
PETSMART INC COM COM 716768106 -6349 -790500 SH SOLE -790500
PIONEER STANDARD ELECTRS COM COM 723877106 -847 -129100 SH SOLE -129100
PLACER DOME INC COM COM 725906101 -822 -73500 SH SOLE -73500
PREMIERE TECHNOLOGIES COM COM 74058f102 -364 -32000 SH SOLE -32000
QUADRAMED CORP COM COM 74730w101 -484 -63500 SH SOLE -63500
QUANEX CORP COM COM 747620102 -206 -13300 SH SOLE -13300
RANGE RESOURCES CORP (N/C 0826 COM 75281a109 -1440 -411300 SH SOLE -411300
READ-RITE CORP COM COM 755246105 -286 -43300 SH SOLE -43300
RECKSON ASSOCIATES REALTY COM COM 75621k106 -5494 -267200 SH SOLE -267200
REPTRON ELECTRONICS INC COM 76026w109 -287 -79300 SH SOLE -79300
RES-CARE INC COM COM 760943100 -3344 -148200 SH SOLE -148200
ROBBINS & MYERS INC COM COM 770196103 -714 -41100 SH SOLE -41100
ROUGE INDUSTRIES INC CL-A (DEL COM 779088103 -2484 -283900 SH SOLE -283900
S3 INC COM COM 784849101 -628 -83700 SH SOLE -83700
SAVOIR TECHNOLOGY GROUP INC COM 80533w107 -655 -76000 SH SOLE -76000
SBC COMMUNICATIONS INC COM COM 78387G103 -2021 -42824 SH SOLE -42824
SBS BROADCASTING SA COM l8137f102 -8866 -276000 SH SOLE -276000
SEALED AIR CORP COM NEW COM 81211k100 -20974 -426400 SH SOLE -426400
SENSORMATIC ELECTRONICS CORP C COM 817265101 -8491 -893767 SH SOLE -893767
SHINETSU CHEMICAL CO COM COM jp3371200 -3218 -123000 SH SOLE -123000
SINGER CO NV COM 82930F109 -271 -71100 SH SOLE -71100
SKYTEL COMMUNICATIONS INC COM COM 83087q104 -5598 -336700 SH SOLE -336700
SL GREEN REALTY CORP COM COM 78440x101 -2540 -135000 SH SOLE -135000
SMC CORP COM COM jp3162600 -7498 -84100 SH SOLE -84100
SONY CORPORATION COM -866 -9400 SH SOLE -9400
SPACEHAB INC COM COM 846243103 -801 -123300 SH SOLE -123300
SPORTSLINE USA INC COM COM 848934105 -2418 -53000 SH SOLE -53000
ST PAUL COS INC COM COM 792860108 -2266 -72950 SH SOLE -72950
STATION CASINOS INC COM 857689103 -629 -49340 SH SOLE -49340
SUIZA FOODS CORP COM COM 865077101 -3402 -101000 SH SOLE -101000
SUMITOMO BANK COM -5244 -389000 SH SOLE -389000
SUN HEALTHCARE GROUP COM COM 866933104 -1237 -1237339 SH SOLE -1237339
SUNBEAM CORPORATION COM 867071102 -445 -80000 SH SOLE -80000
SUPERIOR TELECOM INC COM COM 868365107 -1005 -53250 SH SOLE -53250
SYNETIC INC COM COM 87160f109 -2364 -42300 SH SOLE -42300
TAKASHIMAYA FINANCE CO. COM jp3456000 -292 -32000 SH SOLE -32000
TELXON CORP COM COM 879700102 -1809 -191700 SH SOLE -191700
TITANIUM METALS CORP COM COM 888339108 -1855 -322600 SH SOLE -322600
TOTO LTD COM jp3596200 -1223 -165000 SH SOLE -165000
TRANS WORLD AIRLS INC COM PAR$ COM 893349837 -293 -56500 SH SOLE -56500
TYCO INTERNATIONAL LTD COM (NE COM 902124106 -8301 -115700 SH SOLE -115700
U S DIAGNOSTIC INC COM COM 90328q108 -229 -183400 SH SOLE -183400
UGI CORP NEW COM COM 902681105 -334 -20000 SH SOLE -20000
UNISYS CORP COM 909214108 -7988 -288506 SH SOLE -288506
UNITED RENTALS INC COM COM 911363109 -5704 -200150 SH SOLE -200150
UNITED STATES CELLULAR COM COM 911684108 -1109 -25200 SH SOLE -25200
VODAFONE GROUP PLC SPONSORED A COM 92857t107 -5632 -30000 SH SOLE -30000
VORNADO REALTY TRUST COM 929042109 -2118 -61400 SH SOLE -61400
WALBRO CORP COM COM 931154108 -1811 -201200 SH SOLE -201200
WHITTAKER CORP DEL COM PAR $0. COM 966680407 -3554 -162000 SH SOLE -162000
WHX CORP COM 929248102 -1666 -211600 SH SOLE -211600
WINSTAR COMMUNICATIONS INC COM 975515107 -31623 -870098 SH SOLE -870098
YAMAHA MOTORS CORP COM -789 -113000 SH SOLE -113000
YASUDA FIRE & MARINE INSURANCE COM jp3932400 -287 -57000 SH SOLE -57000
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