CAMDEN ASSET MANAGEMENT L P /CA
13F-HR, 1999-10-07
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<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>
ALZA CORP DEL COM              COM              022615108    19801   462500 SH       SOLE                                     462500
AMERITECH CORP NEW COM         COM              030954101    18790   281500 SH       SOLE                                     281500
ASCENT ASSURANCE INC COM       COM              04362n103       20    11467 SH       SOLE                                      11467
ASSOCIATED GROUP INC CL-A COM  COM              045651106     1912    31600 SH       SOLE                                      31600
ASSOCIATED GROUP INC CL-B COM  COM              045651205     7237   119500 SH       SOLE                                     119500
ATLANTIC RICHFIELD CO COM      COM              048825103    12204   137700 SH       SOLE                                     137700
BANKBOSTON CORP COM      (DELI COM              06605r106     4554   105000 SH       SOLE                                     105000
CALIFORNIA FED BK FSB 2ND CONT COM              130209703       11    10000 SH       SOLE                                      10000
CENTOCOR INC COM               COM              152342101     1171    20000 SH       SOLE                                      20000
CORECOMM LIMITED COM           COM              g2422r109      593    18000 SH       SOLE                                      18000
DU PONT E I DE NEMOURS COM     COM              263534109      974    16100 SH       SOLE                                      16100
FRONTIER CORPORATION COM       COM              35906P105     4346    80000 SH       SOLE                                      80000
GLOBAL CROSSING LTD COM        COM              g3921a100     8888   335380 SH       SOLE                                     335380
GULF CDA RES LTD ORD           COM              40218l305      419   100000 SH       SOLE                                     100000
ILLINOVA CORP COM              COM              452317100      561    20000 SH       SOLE                                      20000
INTERNATIONAL NETWORKS COM     COM              460053101    12098   222500 SH       SOLE                                     222500
KING WORLD PRODUCTIONS INC COM COM              495667107    39874  1063300 SH       SOLE                                    1063300
NALCO CHEMICAL CO COM          COM              629853102     9090   180000 SH       SOLE                                     180000
OMNIPOINT CORP COM             COM              68212d102     2838    50799 SH       SOLE                                      50799
ORION CAP CORP COM             COM              686268103     8764   185000 SH       SOLE                                     185000
OUTDOOR SYSTEMS INC COM        COM              690057104     5037   140900 SH       SOLE                                     140900
PIONEER HI BRED INTL COM       COM              723686101     6398   161200 SH       SOLE                                     161200
POOL ENERGY SERVICES CO COM    COM              732788104     3351   136100 SH       SOLE                                     136100
SAVOIR TECHNOLOGY GROUP INC NE COM              xx9384243      337    33696 SH       SOLE                                      33696
SEMI-TECH CORP CL A            COM              81662e108       15  1024400 SH       SOLE                                    1024400
SEQUENT COMPUTER SYSTEMS COM   COM              817338106     7825   434700 SH       SOLE                                     434700
THERMO FIBERGEN INC COM        COM              88355U109     1387   124000 SH       SOLE                                     124000
TPI ENTERPRISES INC COM        COM              872623103        1    65000 SH       SOLE                                      65000
ADELPHIA COMMUNICATIONS INC CV PFD CV           006848402     5280    30000 SH       SOLE                                      30000
ALKERMES INC PFD CV EX$3.25    PFD CV           01642t405     6440   115000 SH       SOLE                                     115000
AVADO FING I TERM CV A $3.5    PFD CV           05336q205     3910   135400 SH       SOLE                                     135400
BELCO OIL & GAS CORP PFD CONV  PFD CV           077410207     1869   111600 SH       SOLE                                     111600
BETHLEHEM STEEL CORP CV PFD 14 PFD CV           087509501     8128   225000 SH       SOLE                                     225000
BREED TECH INC CAP TR SER 144A PFD CV           05576m203       24    21000 SH       SOLE                                      21000
CALENERGY CAP TR III CV PFD 6. PFD CV           12946n200     1890    45000 SH       SOLE                                      45000
CALENERGY CAP TR III CV PFD 6. PFD CV           12946n309     2100    50000 SH       SOLE                                      50000
CAREMARK RX CAP TRUST I 144A   PFD CV           14170k209     4975   100000 SH       SOLE                                     100000
CELLNET FUNDING LLC CV PFD     PFD CV           150945202      241    25000 SH       SOLE                                      25000
CENTRAL PARKING FIN TR CV PFD  PFD CV           154787303     4275   237500 SH       SOLE                                     237500
CENTRAL PARKING FIN TR CV PFD  PFD CV           154787204     4770   265000 SH       SOLE                                     265000
CEPHALON INC CV PFD (144A)     PFD CV           156708307     1362    25000 SH       SOLE                                      25000
CHESAPEAKE ENERGY CV PFD 7.0%  PFD CV           165167305     2669    79675 SH       SOLE                                      79675
CHIQUITA BRANDS CV PFD SER A   PFD CV           170032403     7564   314350 SH       SOLE                                     314350
CHIQUITA BRANDS INTL PFD NV CV PFD CV           170032502     5468   176400 SH       SOLE                                     176400
CITIZENS UTILITIES TR CV PFD ( PFD CV           177351202    33011   663540 SH       SOLE                                     663540
COEUR D ALENE MINES ID MARCS   PFD CV           192108207     1452   249800 SH       SOLE                                     249800
CRESCENT REAL EST PPTYS 6.750% PFD CV           225756204    12922   861500 SH       SOLE                                     861500
DECS TR III DECS EX B HERBALIF PFD CV           243665205     2440   160000 SH       SOLE                                     160000
EQUITY OFFICE PPTY TR 5.25 SER PFD CV           294741301     1555    40000 SH       SOLE                                      40000
FEDERAL-MOGUL FIN TR CV PFD SE PFD CV           313552408    10264   255000 SH       SOLE                                     255000
FIRST UNION REAL ESTATE CV PFD PFD CV           337400303     2002    90000 SH       SOLE                                      90000
FLEETWOOD CAP TR CV PFD TR 6%  PFD CV           339072407    14156   405900 SH       SOLE                                     405900
FRONTIER FIN TR CORP CONV PFD  PFD CV           35907u301    29505   789435 SH       SOLE                                     789435
GENERAL DATACOMM INDS INC CV P PFD CV           369487202     2421   269000 SH       SOLE                                     269000
GENERAL GROWTH PPTYS 7.25% CV  PFD CV           370021206    16102   731900 SH       SOLE                                     731900
GENEVA STEEL CO PFD B EXCH 14% PFD CV           372252403      450    22500 SH       SOLE                                      22500
GLENBOROUGH REALTY TR PFD CV S PFD CV           37803p204      764    46500 SH       SOLE                                      46500
GLOBAL TELESYSTEMS GROUP CV PF PFD CV           37936u401     5945   145000 SH       SOLE                                     145000
GLOBAL TELESYSTEMS GRP CV PFD  PFD CV           37936u609      820    20000 SH       SOLE                                      20000
GOLDEN BOOKS FIN TR TOPRS 8.75 PFD CV           38080r400       50    10000 SH       SOLE                                      10000
HERCULES INC CV PFD TR II (REG PFD CV           427098306    12675    15000 SH       SOLE                                      15000
HOST MARRIOTT FINL QUIPS 6.75% PFD CV           441079407     5419   159970 SH       SOLE                                     159970
HVIDE CAP TR TCPS%             PFD CV           448513408      193   193000 SH       SOLE                                     193000
HYBRIDON INC. SER A CV PFD (RE PFD CV           xx9L25775      949    37963 SH       SOLE                                      37963
ICG FDG LLC PFD EXCH 6.75% SER PFD CV           44924q202     1200    30000 SH       SOLE                                      30000
INTERMEDIA COMM 7.00% SERIES 1 PFD CV           458801867     4785   220000 SH       SOLE                                     220000
INTERMEDIA COMM 7.000% CV PFD  PFD CV           458801792      956    50000 SH       SOLE                                      50000
INTERMEDIA COMM 7.000% SER D C PFD CV           458801701     3355   110000 SH       SOLE                                     110000
INTERMEDIA COMM 7.000% SER E C PFD CV           458801834    18150   825000 SH       SOLE                                     825000
INTERMEDIA COMM 7.000% SER F C PFD CV           458801826     4781   250000 SH       SOLE                                     250000
IT GROUP INC DEP REPSTG CV PFD PFD CV           465266302      339    17600 SH       SOLE                                      17600
IXC COMMUNICATIONS INC CV PFD  PFD CV           450713847     4230   117500 SH       SOLE                                     117500
K MART FINANCING 1 TRUST CV PF PFD CV           498778208    15559   326700 SH       SOLE                                     326700
KAUFMAN & BROAD HOME CV PFD (P PFD CV           486168503     1725   240000 SH       SOLE                                     240000
LERNOUT & HAUSPIE CAP TR I PIE PFD CV           501608202     4650   150000 SH       SOLE                                     150000
LOMAK PETROLEUM INC CV PFD SER PFD CV           541509402     2369   124700 SH       SOLE                                     124700
LORAL SPACE & COMM 6.000% 11/0 PFD CV           g56462149    19374   394375 SH       SOLE                                     394375
MANDATORY COM EXCH TR TIMES  7 PFD CV           562613109      230    68100 SH       SOLE                                      68100
MCLEODUSA INC CV PFD SER A (RE PFD CV           582266201    14931    37800 SH       SOLE                                      37800
METROMEDIA INTL GROUP PFD CONV PFD CV           591695200     1450    58900 SH       SOLE                                      58900
NATL AUSTRALIA BANK 7.875% CV  PFD CV           632525309     5527   201900 SH       SOLE                                     201900
NEWELL FIN TR 1 CV PFD SER (RE PFD CV           651195307    13603   337960 SH       SOLE                                     337960
NEWFIELD FIN TR I CV PFD SER ( PFD CV           651291205     1635    30000 SH       SOLE                                      30000
NEWS CORP EXCHANGE TR TOPRS EX PFD CV           652485608     2453    25000 SH       SOLE                                      25000
NEWS CORP EXCHANGE TR TOPRS EX PFD CV           652485202     6967    71000 SH       SOLE                                      71000
OWENS & MINOR TR I GTD TRM CV  PFD CV           690905302     3272    85000 SH       SOLE                                      85000
OWENS CORNING CAP LLC CV PFD M PFD CV           690733209    31329   805900 SH       SOLE                                     805900
PATINA OIL & GAS CORP PFD CV 7 PFD CV           703224204     2088    79560 SH       SOLE                                      79560
PEAK TRENDS TR TRENDS PEAKF    PFD CV           70468n107     5806   714600 SH       SOLE                                     714600
PENNCORP FINL GROUP INC CV $3. PFD CV           708094701      720    80000 SH       SOLE                                      80000
PIONEER STANDARD FINL TR CV PF PFD CV           723879300     5122    92500 SH       SOLE                                      92500
PSINET INC CV PFD 6.750% SER C PFD CV           74437c309    21579   536120 SH       SOLE                                     536120
RECKSON ASSOCS REALTY CV PFD S PFD CV           75621k205     9274   459400 SH       SOLE                                     459400
SANWA INTL FIN BERM TR CV PFD  PFD CV           bmg7811p1     4554      134 SH       SOLE                                        134
SAVOIR TECH GRP INC SER A CV P PFD CV           xx9303821     1050    70000 SH       SOLE                                      70000
SENSORMATIC ELECT 6.50% CORP C PFD CV           817265200    20987   964900 SH       SOLE                                     964900
SENSORMATIC ELECTRONICS CORP C PFD CV           817265606     3158   145193 SH       SOLE                                     145193
SKYTEL COMM INC $2.25 CV PFD ( PFD CV           83087q302      959    25000 SH       SOLE                                      25000
SL GREEN RLTY CORP PIERS       PFD CV           78440x200     4487   200000 SH       SOLE                                     200000
SPRINT CORP DECS EXCH 2000     PFD CV           852061407     2209    28500 SH       SOLE                                      28500
ST PAUL CAP L L C CV PFD MIPS  PFD CV           792856205    17057   311900 SH       SOLE                                     311900
SUIZA CAP TRUST II 5.50% TR CV PFD CV           86507g408    11334   325000 SH       SOLE                                     325000
SUN HEALTHCARE GROUP FING I PF PFD CV           866749203      407  1085500 SH       SOLE                                    1085500
SUPERIOR TR I PFD CV 8.50%     PFD CV           86836p202     6147   179489 SH       SOLE                                     179489
TIMET CAP TR I PFD CONV 144A   PFD CV           887381200     1053    44800 SH       SOLE                                      44800
TIMET CAP TR I PFD CONV 6.625% PFD CV           887381408    13104   557600 SH       SOLE                                     557600
TOWER AUTOMOTIVE INC CV PFD (R PFD CV           891706301    13210   297700 SH       SOLE                                     297700
TRIBUNE CO CV PFD NEW DECS 6.2 PFD CV           896047206      611    26125 SH       SOLE                                      26125
TRIKON TECHNOLOGIES PFD SER H  PFD CV           896187200      350   100000 SH       SOLE                                     100000
U.S. RESTAURANT PROPERTIES CV  PFD CV           902971209      700    40000 SH       SOLE                                      40000
UNION PACIFIC CAP TR CV PFD RE PFD CV           907824403     7941   175000 SH       SOLE                                     175000
UNITED RENTALS INC CV PFD TR 1 PFD CV           91136h306     2709    75000 SH       SOLE                                      75000
UNITED RENTALS INC CV PFD TR 1 PFD CV           91136h207     7586   210000 SH       SOLE                                     210000
UNITEDGLOBALCOM CUM CV PFD SER PFD CV           913247102     2525    50000 SH       SOLE                                      50000
USX CAP TR I QUIPS 6.75% REG   PFD CV           90339e201     3133    74600 SH       SOLE                                      74600
VANSTAR FINANCING TR CV PFD TR PFD CV           92208q307    10468   475800 SH       SOLE                                     475800
VERIO INC CV PFD SER 144A      PFD CV           923433304     7503   175000 SH       SOLE                                     175000
WESTERN GAS RES INC CV PFD SER PFD CV           958259301     3456   100000 SH       SOLE                                     100000
WESTFED HOLDINGS INC PIK SPLIT PFD CV           960080ab5      892  2550000 SH       SOLE                                    2550000
WHX CORP CV PFD SER A          PFD CV           929248201     5388   142500 SH       SOLE                                     142500
WINSTAR COMM INC 7.25% CV PFD  PFD CV           975515867    15287    18281 SH       SOLE                                      18281
WORTHINGTON INDS INC DECS EXCH PFD CV           981811201     2406   350000 SH       SOLE                                     350000
AAMES FINL CORP COM            COM              00253a101     -856 -1141000 SH       SOLE                                   -1141000
ABBOTT LABS COM                COM              002824100   -20362  -555000 SH       SOLE                                    -555000
ACCLAIM ENTMT INC COM PAR $0.0 COM              004325205    -4284  -564100 SH       SOLE                                    -564100
ACOM CO LTD COM                COM              8572         -2276   -17400 SH       SOLE                                     -17400
ACTION PERFORMANCE COS INC COM COM              004933107    -2822  -134000 SH       SOLE                                    -134000
ACTIVISION INC NEW COM NEW     COM              004930202    -4526  -256800 SH       SOLE                                    -256800
ACXIOM CORP COM                COM              005125109    -7231  -367880 SH       SOLE                                    -367880
ADAPTIVE BROADBAND CORP COM    COM              00650m104    -1487   -44400 SH       SOLE                                     -44400
ADELPHIA COMMUNICATIONS COM    COM              006848105    -3470   -59000 SH       SOLE                                     -59000
ADVANCED MICRO DEVICES         COM              007903107    -8047  -468200 SH       SOLE                                    -468200
ALKERMES INC COM               COM              01642t108    -5031  -174600 SH       SOLE                                    -174600
ALPS ELECTRIC CO LTD COM       COM              jp3126400    -1333   -64000 SH       SOLE                                     -64000
ALTERRA HEALTHCARE CORP COM    COM              02146c104    -3014  -339600 SH       SOLE                                    -339600
ALZA CORP DEL COM              COM              022615108    -3922   -91600 SH       SOLE                                     -91600
AMAZON COM INC COM             COM              023135106   -38546  -482200 SH       SOLE                                    -482200
AMERICAN PACIFIC CORP          COM              028740108     -894  -113500 SH       SOLE                                    -113500
AMERICAN RETIREMENT CORP COM   COM              028913101    -6398  -652000 SH       SOLE                                    -652000
AMERICAN TOWER CORP CL- A COM  COM              029912201    -3356  -171000 SH       SOLE                                    -171000
AMERITRADE HLDG CORP CL-A COM  COM              03072h109    -4886  -265900 SH       SOLE                                    -265900
AMKOR TECHNOLOGIES INC COM     COM              031652100    -2888  -179100 SH       SOLE                                    -179100
ARV ASSISTED LIVING COM        COM              00204c107     -755  -301900 SH       SOLE                                    -301900
ASIA PULP & PAPER LTD SPONSORE COM              04516v100     -587  -100000 SH       SOLE                                    -100000
ASPEN TECHNOLOGY INC COM       COM              045327103     -338   -34700 SH       SOLE                                     -34700
AT&T CORP COM                  COM              001957109    -2778   -63863 SH       SOLE                                     -63863
AT&T CORP-LIBERTY MEDIA GRP-A  COM              001957208    -6037  -161790 SH       SOLE                                    -161790
ATRIX LABS INC COM             COM              04962L101    -1013  -147400 SH       SOLE                                    -147400
AVADO BRANDS INC COM           COM              05336p108    -1704  -303000 SH       SOLE                                    -303000
AVIRON COM                     COM              053762100   -15593  -643000 SH       SOLE                                    -643000
BAKER J INC COM                COM              057232100     -844  -107225 SH       SOLE                                    -107225
BANK OF TOKYO-MITSUBISHI LTD ( COM              jp3589200    -2955  -193000 SH       SOLE                                    -193000
BANK TOKYO-MITSUBISHI SPONSORE COM              065379109   -14775  -964900 SH       SOLE                                    -964900
BANKATLANTIC BANCORP CL A      COM              065908501     -536   -96312 SH       SOLE                                     -96312
BELCO OIL & GAS CORP COM       COM              077410108     -446   -66050 SH       SOLE                                     -66050
BENCHMARK ELECTRONICS INC COM  COM              08160h101    -2634   -74600 SH       SOLE                                     -74600
BETHLEHEM STEEL CORP COM       COM              087509105    -1266  -171600 SH       SOLE                                    -171600
BP AMOCO PLC SPON ADR          COM              055622104   -12522  -113000 SH       SOLE                                    -113000
BRITISH SKY BROADCSTNG SPONSOR COM              111013108    -4145   -72400 SH       SOLE                                     -72400
BSB SKY BRITISH SKY BROADCASTI COM              gb0001411    -1565  -161700 SH       SOLE                                    -161700
C B S INC                      COM              12490k107   -39840  -861400 SH       SOLE                                    -861400
CABLE & WIRELESS COM (POUNDS S COM              gb0001637    -2819  -275000 SH       SOLE                                    -275000
CABLE & WIRELESS COMM SPONSORE COM              12682P104   -12720  -244021 SH       SOLE                                    -244021
CAREMARK RX INC COM            COM              141705103    -2598  -451800 SH       SOLE                                    -451800
CAREMATRIX CORPORATION COM     COM              141706101    -1290  -248700 SH       SOLE                                    -248700
CD RADIO INC COM               COM              125127100    -1329   -52100 SH       SOLE                                     -52100
CENTRAL GARDEN & PET CO COM    COM              153527106     -687   -90100 SH       SOLE                                     -90100
CENTRAL PARKING CORP (symbol c COM              154785109    -4683  -160100 SH       SOLE                                    -160100
CEPHALON INC COM               COM              156708109    -1128   -62800 SH       SOLE                                     -62800
CHECKPOINT SYSTEMS INC         COM              162825103    -6479  -695700 SH       SOLE                                    -695700
CHESAPEAKE ENERGY CORP COM     COM              165167107     -808  -208500 SH       SOLE                                    -208500
CHIQUITA BRANDS INTL COM       COM              170032106    -5210  -877400 SH       SOLE                                    -877400
CHUGAI PHARMACEUTICALS COM     COM              jp3519400    -3994  -332000 SH       SOLE                                    -332000
CIRRUS LOGIC CORP COM          COM              172755100    -1344  -122200 SH       SOLE                                    -122200
CITIZENS UTILITIES CO DEL CL-  COM              177342201   -18299 -1617617 SH       SOLE                                   -1617617
CLEAR CHANNEL COMMUNICATIONS I COM              184502102   -53299  -667274 SH       SOLE                                    -667274
COEUR D ALENE MINES ID COM     COM              192108108    -3097  -660700 SH       SOLE                                    -660700
CORECOMM LIMITED COM           COM              g2422r109    -2931   -89000 SH       SOLE                                     -89000
CREDIT SAISON COM              COM              jp3271400    -3604  -155200 SH       SOLE                                    -155200
CRESCENT REAL ESTATE COM       COM              225756105    -5315  -295300 SH       SOLE                                    -295300
CYMER INC COM                  COM              232572107    -3295   -95000 SH       SOLE                                     -95000
DAIWA SECURITIES GROUP INC     COM              jp3502200    -3223  -355000 SH       SOLE                                    -355000
DATA GENERAL CORP COM          COM              237688106   -10186  -483600 SH       SOLE                                    -483600
DIAMOND OFFSHORE DRILL COM     COM              25271C102    -4923  -147500 SH       SOLE                                    -147500
DU PONT E I DE NEMOURS COM     COM              263534109     -647   -10700 SH       SOLE                                     -10700
DYNEGY INC COM                 COM              26816L102     -600   -29000 SH       SOLE                                     -29000
E SPIRE COMMUNICATIONS INC     COM              269153102    -1058  -145900 SH       SOLE                                    -145900
EMCOR GROUP INC COM            COM              29084q100    -1736   -90200 SH       SOLE                                     -90200
EMERITUS CORP COM              COM              291005106    -1681  -222300 SH       SOLE                                    -222300
ENTERCOM COMMUNICATIONS CORP C COM              293639100    -2520   -70000 SH       SOLE                                     -70000
EQUITY OFFICE PPTYS TR COM     COM              294741103     -651   -28000 SH       SOLE                                     -28000
FEDERAL MOGUL CORP COM         COM              313549107    -4093  -148500 SH       SOLE                                    -148500
FEDERATED DEPT STORES COM      COM              31410h101    -8440  -193200 SH       SOLE                                    -193200
FINANCIAL FEDERAL CORP COM     COM              317492106    -2329  -124200 SH       SOLE                                    -124200
FIRST UNION  REAL ESTATE EQ &  COM              337400105     -713  -142600 SH       SOLE                                    -142600
FLEET BOSTON CORP COM          COM              33901a108    -4552  -124300 SH       SOLE                                    -124300
FLEETWOOD ENTERPRISES COM      COM              339099103    -4463  -221100 SH       SOLE                                    -221100
FRONTIER INS GRP NEW COM       COM              359081106    -6917  -790500 SH       SOLE                                    -790500
GENERAL DATACOMM INDS COM      COM              369487103    -1154  -410300 SH       SOLE                                    -410300
GENERAL GROWTH PPTYS COM       COM              370021107    -9252  -293700 SH       SOLE                                    -293700
GENESCO INC                    COM              371532102    -4732  -378600 SH       SOLE                                    -378600
GETTY IMAGES INC COM           COM              374276103    -1185   -49100 SH       SOLE                                     -49100
GLENBOROUGH REALTY TR INC COM  COM              37803P105     -325   -19700 SH       SOLE                                     -19700
GLOBAL CROSSING LTD COM        COM              g3921a100    -1510   -57000 SH       SOLE                                     -57000
GLOBAL TELESYSTEMS GROUP INC C COM              37936u104   -12232  -620300 SH       SOLE                                    -620300
HERBALIFE INTL INC CL-B        COM              426908307    -1351   -93600 SH       SOLE                                     -93600
HERCULES INC COM               COM              427056106    -7276  -254200 SH       SOLE                                    -254200
HEXCEL CORP NEW COM            COM              428291108    -1636  -281500 SH       SOLE                                    -281500
HMT TECHNOLOGY CORP            COM              403917107    -1535  -438600 SH       SOLE                                    -438600
HOMEBASE INC COM               COM              43738e108    -6791 -1724700 SH       SOLE                                   -1724700
HOST MARRIOTT CORP-NEW REIT    COM              44107p104    -4118  -433505 SH       SOLE                                    -433505
HUTCHINSON TECH INC COM        COM              448407106   -16280  -602950 SH       SOLE                                    -602950
HYPERION SOLUTIONS CORP (ARSW  COM              44914m104     -880   -40000 SH       SOLE                                     -40000
ICG COMMUNICATIONS INC COM     COM              449246107     -856   -55000 SH       SOLE                                     -55000
IMAX CORP COM                  COM              45245e109    -1818   -90900 SH       SOLE                                     -90900
INA COM CORP                   COM              45323g109    -3799  -413492 SH       SOLE                                    -413492
INFINITY BROADCASTING NEW CL-A COM              45662s102    -5165  -176200 SH       SOLE                                    -176200
INTERIM SERVICES INC COM       COM              45868p100     -724   -44200 SH       SOLE                                     -44200
INTERMEDIA COMMUNICATION COM   COM              458801107   -20871  -959608 SH       SOLE                                    -959608
IOMEGA CORP COM                COM              462030107     -553  -167000 SH       SOLE                                    -167000
ITC DELTACOM INC COM           COM              45031t104    -1801   -65500 SH       SOLE                                     -65500
ITRON INC COM                  COM              465741106    -7048 -1199700 SH       SOLE                                   -1199700
IXC COMMUNICATIONS INC         COM              450713102    -2299   -58300 SH       SOLE                                     -58300
JOHNSON & JOHNSON COM          COM              478160104     -827    -9000 SH       SOLE                                      -9000
K MART CORP COM                COM              482584109    -8156  -697800 SH       SOLE                                    -697800
KAUFMAN & BROAD HOME CORP COM  COM              486168107    -1155   -56000 SH       SOLE                                     -56000
KELLSTROM INDS INC COM         COM              488035106    -1291  -132000 SH       SOLE                                    -132000
KOMORI CORP                    COM                           -2241  -101000 SH       SOLE                                    -101000
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MAGELLAN HEALTH SERVICES INC W WT               559079116       76   692100 SH       SOLE                                     692100
PATINA OIL & GAS CORP WT EXP   WT               703224113       12    10667 SH       SOLE                                      10667
POWERTEL INC WTS EXP 020106    WT               73936c117     7029   155000 SH       SOLE                                     155000
RSTK AMER PACIFIC CORP WTS UTS WT               028740983      658   389283 SH       SOLE                                     389283
SAVOIR TECH INC NEW WTS EXP 09 WT               xx9381548       70    35000 SH       SOLE                                      35000
THERMO FIBERGEN INC RT         WT               88355U117      170   124000 SH       SOLE                                     124000
WINSTAR COMM INC WTS EXP 02/11 WT               975515156     2023    95000 SH       SOLE                                      95000
YAMANOUCHI PHARMACEUTICAL WTS  WT               ann8119u1      827      500 SH       SOLE                                        500
</TABLE>


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