<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 6215 179500 SH SOLE 179500
ASCENT ASSURANCE INC COM COM 04362n103 20 11467 SH SOLE 11467
ASSOCIATED GROUP INC CL-A COM COM 045651106 2883 31600 SH SOLE 31600
ASSOCIATED GROUP INC CL-B COM COM 045651205 10994 119500 SH SOLE 119500
ATLANTIC RICHFIELD CO COM COM 048825103 25751 297700 SH SOLE 297700
CALIFORNIA FED BK FSB 2ND CONT COM 130209703 7 10000 SH SOLE 10000
CLARIFY INC COM COM 180492100 4410 35000 SH SOLE 35000
DII GROUP INC COM COM 232949107 1419 20000 SH SOLE 20000
ECHOSTAR COMMUNICATIONS NEW CL COM 278762109 575 5900 SH SOLE 5900
GENERAL INSTRUMENT CORP NEW COM 370120107 14271 167900 SH SOLE 167900
GULF CDA RES LTD ORD COM 40218l305 337 100000 SH SOLE 100000
ILLINOVA CORP COM COM 452317100 1390 40000 SH SOLE 40000
INTERMEDIA COMMUNICATIONS INC COM 458801974 314 8092 SH SOLE 8092
MEDICAL MANAGER CORP COM NEW COM 58461u103 842 10000 SH SOLE 10000
OMNIPOINT CORP COM COM 68212d102 6948 57599 SH SOLE 57599
REPUBLIC N Y CORP COM COM 760719104 10080 140000 SH SOLE 140000
SAVOIR TECHNOLOGY GROUP INC NE COM xx9384243 236 33696 SH SOLE 33696
SEMI-TECH CORP CL A COM 81662e108 1 1024400 SH SOLE 1024400
SENSORMATIC ELECTRONICS CORP 1 COM 817265606 3168 181013 SH SOLE 181013
THERMO FIBERGEN INC COM COM 88355U109 1511 124000 SH SOLE 124000
TPI ENTERPRISES INC COM COM 872623103 1 65000 SH SOLE 65000
UNAPIX ENTERTAINMENT INC COM ( COM xx9303928 197 104880 SH SOLE 104880
VANTIVE CORP COM COM 922091103 2835 156400 SH SOLE 156400
ADELPHIA COMMUNICATIONS INC CV PFD CV 006848402 5644 30000 SH SOLE 30000
AES TRUST III CV PFD (REG) PFD CV 00808n202 6162 100000 SH SOLE 100000
AVADO FING I TERM CV A $3.5 PFD CV 05336q205 4603 154720 SH SOLE 154720
BELCO OIL & GAS CORP PFD CONV PFD CV 077410207 1695 111600 SH SOLE 111600
BETHLEHEM STEEL CORP CV PFD 14 PFD CV 087509501 11502 338300 SH SOLE 338300
BREED TECH INC CAP TR SER 144A PFD CV 05576m203 105 21000 SH SOLE 21000
BROADWING INC DEP SHS REPSTG C PFD CV 111620407 5996 102500 SH SOLE 102500
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n200 1716 45000 SH SOLE 45000
CALENERGY CAP TR III CV PFD 6. PFD CV 12946n309 3812 100000 SH SOLE 100000
CAREMARK RX CAP TRUST I 144A PFD CV 14170k209 5234 125000 SH SOLE 125000
CELLNET FUNDING LLC CV PFD PFD CV 150945202 59 25000 SH SOLE 25000
CENTRAL PARKING FIN TR CV PFD PFD CV 154787303 4041 305000 SH SOLE 305000
CENTRAL PARKING FIN TR CV PFD PFD CV 154787204 3511 265000 SH SOLE 265000
CEPHALON INC CV PFD (144A) PFD CV 156708307 2525 25000 SH SOLE 25000
CHESAPEAKE ENERGY CV PFD 7.0% PFD CV 165167305 1552 59675 SH SOLE 59675
CHIQUITA BRANDS CV PFD SER A PFD CV 170032403 6465 331550 SH SOLE 331550
CHIQUITA BRANDS INTL PFD NV CV PFD CV 170032502 6123 246150 SH SOLE 246150
CITIZENS UTILITIES TR CV PFD ( PFD CV 177351202 37407 663540 SH SOLE 663540
COEUR D ALENE MINES ID MARCS PFD CV 192108207 906 249800 SH SOLE 249800
COMCAST CORP CV SUB DEB (ZONES PFD CV 200300606 36360 360000 SH SOLE 360000
CRESCENT REAL EST PPTYS 6.750% PFD CV 225756204 13076 864500 SH SOLE 864500
DECS TR III DECS EX B HERBALIF PFD CV 243665205 2160 160000 SH SOLE 160000
FEDERAL-MOGUL FIN TR CV PFD SE PFD CV 313552408 9476 285000 SH SOLE 285000
FIRST UNION REAL ESTATE CV PFD PFD CV 337400303 1825 90100 SH SOLE 90100
FLEETWOOD CAP TR CV PFD TR 6% PFD CV 339072407 15786 455900 SH SOLE 455900
FREEPORT MC MORAN CV PFD PFD CV 35671d501 2859 150000 SH SOLE 150000
FRONTIER FIN TR CORP CONV PFD PFD CV 35907u301 17394 848510 SH SOLE 848510
GENERAL DATACOMM INDS INC CV P PFD CV 369487202 4743 279000 SH SOLE 279000
GENERAL GROWTH PPTYS 7.25% CV PFD CV 370021206 14638 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 495 35500 SH SOLE 35500
GLOBAL CROSSING LTD CV PFD (14 PFD CV 37932j301 18860 67000 SH SOLE 67000
GLOBAL CROSSING LTD PERP CV PF PFD CV 37932j202 12006 95000 SH SOLE 95000
GLOBAL TELESYSTEMS GROUP CV PF PFD CV 37936u401 8229 145000 SH SOLE 145000
GLOBAL TELESYSTEMS GRP CV PFD PFD CV 37936u609 1135 20000 SH SOLE 20000
GLOBALSTAR TELECOMM LTD 9% CV PFD CV 379364870 5711 62500 SH SOLE 62500
GOLDEN BOOKS FIN TR TOPRS 8.75 PFD CV 38080r400 25 10000 SH SOLE 10000
HANOVER COMPRESSOR CAP TR CV P PFD CV 41076m203 14562 250000 SH SOLE 250000
HERCULES INC CV PFD TR II (REG PFD CV 427098306 12000 15000 SH SOLE 15000
HVIDE CAP TR TCPS% PFD CV 448513408 193 193000 SH SOLE 193000
HYBRIDON INC. SER A CV PFD (RE PFD CV 44860m884 1519 37963 SH SOLE 37963
ICG FDG LLC PFD EXCH 6.75% SER PFD CV 44924q400 1354 30000 SH SOLE 30000
ICG FDG LLC PFD EXCH 6.75% SER PFD CV 44924q202 1354 30000 SH SOLE 30000
INTERMEDIA COMM 7.00% SERIES S PFD CV 458801867 6875 200000 SH SOLE 200000
INTERMEDIA COMM 7.000% CV PFD PFD CV 458801792 932 35000 SH SOLE 35000
INTERMEDIA COMM 7.000% SER E C PFD CV 458801834 28359 825000 SH SOLE 825000
INTERMEDIA COMM 7.000% SER F C PFD CV 458801826 1331 50000 SH SOLE 50000
K MART FINANCING 1 TRUST CV PF PFD CV 498778208 14293 326700 SH SOLE 326700
KAUFMAN & BROAD HOME CV PFD (P PFD CV 486168503 1890 240000 SH SOLE 240000
LERNOUT & HAUSPIE CAP TR I PIE PFD CV 501608202 6075 150000 SH SOLE 150000
LOMAK PETROLEUM INC CV PFD SER PFD CV 541509402 1793 124700 SH SOLE 124700
LORAL SPACE & COMM 6.000% 11/0 PFD CV g56462149 23779 369375 SH SOLE 369375
LTV CORP NEW PFD CV SER A (144 PFD CV 501921209 4970 80000 SH SOLE 80000
MANDATORY COM EXCH TR TIMES 7 PFD CV 562613109 170 68100 SH SOLE 68100
MARVEL ENTERPRISES INC CV PFD PFD CV 57383m207 575 100000 SH SOLE 100000
MCI WORLDCOM INC PFD CV C $2.2 PFD CV 55268b205 1283 25000 SH SOLE 25000
MCKESSON CORP FIN TR TCPS 5% ( PFD CV 58155p501 8057 220000 SH SOLE 220000
MCLEODUSA INC CV PFD SER A (RE PFD CV 582266201 29315 53300 SH SOLE 53300
MEDPARTNERS INC NEW TAPS 6.500 PFD CV 58503x206 468 59000 SH SOLE 59000
METROMEDIA INTL GROUP PFD CONV PFD CV 591695200 1767 58900 SH SOLE 58900
NATL AUSTRALIA BANK 7.875% CV PFD CV 632525309 5577 201900 SH SOLE 201900
NEWELL FIN TR 1 CV PFD SER (RE PFD CV 651195307 16573 437560 SH SOLE 437560
NEWFIELD FIN TR I CV PFD SER ( PFD CV 651291205 1402 30000 SH SOLE 30000
NEWS CORP EXCHANGE TR TOPRS EX PFD CV 652485608 13298 86000 SH SOLE 86000
NEWS CORP EXCHANGE TR TOPRS EX PFD CV 652485202 1546 10000 SH SOLE 10000
OWENS & MINOR TR I GTD TRM CV PFD CV 690905302 3060 85000 SH SOLE 85000
OWENS CORNING CAP LLC CV PFD M PFD CV 690733209 31350 912000 SH SOLE 912000
PATINA OIL & GAS CORP PFD CV 7 PFD CV 703224204 615 23780 SH SOLE 23780
PEAK TRENDS TR TRENDS PEAKF PFD CV 70468n107 5219 605100 SH SOLE 605100
PENNCORP FINL GROUP INC CV $3. PFD CV 708094701 720 80000 SH SOLE 80000
PIONEER STANDARD FINL TR CV PF PFD CV 723879300 4537 82500 SH SOLE 82500
PSINET INC CV PFD 6.750% SER C PFD CV 74437c309 22423 384120 SH SOLE 384120
RECKSON ASSOCS REALTY CV PFD S PFD CV 75621k205 9131 459400 SH SOLE 459400
SANWA INTL FIN BERM TR CV PFD PFD CV bmg7811p1 4329 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 25985 989900 SH SOLE 989900
SL GREEN RLTY CORP PIERS PFD CV 78440x200 4750 200000 SH SOLE 200000
SOVEREIGN CAP TR II CV PFD (PI PFD CV 845905306 7275 150000 SH SOLE 150000
SPRINT CORP DECS EXCH 2000 PFD CV 852061407 2116 28500 SH SOLE 28500
ST PAUL CAP L L C CV PFD MIPS PFD CV 792856205 18402 311900 SH SOLE 311900
SUIZA CAP TRUST II 5.50% TR CV PFD CV 86507g408 28845 842200 SH SOLE 842200
SUN HEALTHCARE GROUP FING I PF PFD CV 866749203 10 1047600 SH SOLE 1047600
SUPERIOR TR I PFD CV 8.50% PFD CV 86836p202 6013 179489 SH SOLE 179489
TEXAS INDUSTRIES INC CAP TR I PFD CV 873119200 962 25000 SH SOLE 25000
TIMET CAP TR I PFD CONV 144A PFD CV 887381200 672 44800 SH SOLE 44800
TIMET CAP TR I PFD CONV 6.625% PFD CV 887381408 13922 928107 SH SOLE 928107
TOWER AUTOMOTIVE INC CV PFD (R PFD CV 891706301 11313 297700 SH SOLE 297700
TRIBUNE CO CV PFD NEW DECS 6.2 PFD CV 896047206 460 26125 SH SOLE 26125
TRIKON TECHNOLOGIES PFD SER H PFD CV 896187200 215 39063 SH SOLE 39063
U.S. RESTAURANT PROPERTIES CV PFD CV 902971209 555 40000 SH SOLE 40000
UNION PACIFIC CAP TR CV PFD RE PFD CV 907824403 8275 200000 SH SOLE 200000
UNITED RENTALS INC CV PFD TR 1 PFD CV 91136h306 2447 75000 SH SOLE 75000
UNITED RENTALS INC CV PFD TR 1 PFD CV 91136h207 6851 210000 SH SOLE 210000
UNITEDGLOBALCOM CUM CV PFD SER PFD CV 913247102 4537 50000 SH SOLE 50000
UNITEDGLOBALCOM CUM CV PFD SER PFD CV 913247201 9982 110000 SH SOLE 110000
UNITEDGLOBALCOM INC SER D SR C PFD CV 913247805 12225 200000 SH SOLE 200000
USX CAP TR I QUIPS 6.75% REG PFD CV 90339e201 3189 74600 SH SOLE 74600
VANSTAR FINANCING TR CV PFD TR PFD CV 92208q307 11816 562650 SH SOLE 562650
VERIO INC CV PFD SER 144A PFD CV 923433304 22387 398000 SH SOLE 398000
WESTERN GAS RES INC CV PFD SER PFD CV 958259301 2675 100000 SH SOLE 100000
WESTFED HOLDINGS INC PIK SPLIT PFD CV 960080ab5 765 2550000 SH SOLE 2550000
WHX CORP CV PFD SER A PFD CV 929248201 4849 149500 SH SOLE 149500
WINSTAR COMM INC 7.25% CV PFD PFD CV 975515867 22793 16281 SH SOLE 16281
AAMES FINL CORP COM COM 00253a101 -807 -1075800 SH SOLE -1075800
ABBOTT LABS COM COM 002824100 -8040 -221400 SH SOLE -221400
ACCLAIM ENTMT INC COM PAR $0.0 COM 004325205 -2722 -531100 SH SOLE -531100
ACTION PERFORMANCE COS INC COM COM 004933107 -1536 -133600 SH SOLE -133600
ACXIOM CORP COM COM 005125109 -11172 -465480 SH SOLE -465480
ADELPHIA COMMUNICATIONS COM COM 006848105 -3872 -59000 SH SOLE -59000
ADVANCED MICRO DEVICES CO COM COM 007903107 -6187 -213800 SH SOLE -213800
AES CORP COM COM 00130h105 -4590 -61400 SH SOLE -61400
AIRONET WIRELESS COMMUNICATION COM 00943a107 -2584 -38700 SH SOLE -38700
ALTERRA HEALTHCARE CORP COM COM 02146c104 -3338 -401600 SH SOLE -401600
AMAZON.COM INC COM COM 023135106 -32848 -431500 SH SOLE -431500
AMERICAN PACIFIC CORP COM COM 028740108 -875 -102900 SH SOLE -102900
AMERICAN RETIREMENT CORP COM COM 028913101 -4236 -533700 SH SOLE -533700
AMERICAN TOWER CORP CL- A COM COM 029912201 -16467 -538800 SH SOLE -538800
AMERITRADE HLDG CORP CL-A COM COM 03072h109 -10512 -484700 SH SOLE -484700
ASPEN TECHNOLOGY INC COM COM 045327103 -362 -13700 SH SOLE -13700
AT HOME CORP COM SER A COM 045919107 -4073 -95000 SH SOLE -95000
AT&T CORP COM COM 001957109 -3245 -63863 SH SOLE -63863
AT&T CORP-LIBERTY MEDIA GRP-A COM 001957208 -10584 -186290 SH SOLE -186290
ATRIX LABS INC COM COM 04962l101 -765 -147400 SH SOLE -147400
AVADO BRANDS INC COM COM 05336p108 -1285 -304700 SH SOLE -304700
AVIRON COM COM 053762100 -9646 -610000 SH SOLE -610000
BAKER J INC COM COM 057232100 -643 -107225 SH SOLE -107225
BANK OF TOKYO-MITSUBISHI LTD ( COM jp3589200 -2133 -153000 SH SOLE -153000
BANK TOKYO-MITSUBISHI SPONSORE COM 065379109 -11664 -836900 SH SOLE -836900
BANKATLANTIC BANCORP CL A COM 065908501 -397 -96312 SH SOLE -96312
BELCO OIL & GAS CORP COM COM 077410108 -363 -66050 SH SOLE -66050
BENCHMARK ELECTRONICS INC COM COM 08160h101 -1255 -54700 SH SOLE -54700
BETHLEHEM STEEL CORP COM COM 087509105 -3234 -386200 SH SOLE -386200
BEYOND.COM CORPORATION COM COM 08860e101 -781 -100000 SH SOLE -100000
BP AMOCO PLC SPON ADR COM 055622104 -28968 -488400 SH SOLE -488400
BRITISH SKY BROADCSTNG SPONSOR COM 111013108 -6985 -72200 SH SOLE -72200
BROADWING INC COM COM 111620100 -3931 -106590 SH SOLE -106590
BSB SKY BRITISH SKY BROADCASTI COM gb0001411 -7032 -436100 SH SOLE -436100
CABLE & WIRELESS COM ORD SHS ( COM gb0001637 -3960 -275000 SH SOLE -275000
CABLE & WIRELESS COMM SPONSORE COM 12682P104 -21456 -306521 SH SOLE -306521
CAREINSITE INC COM COM 14170m106 -966 -12000 SH SOLE -12000
CAREMARK RX INC COM COM 141705103 -3595 -710100 SH SOLE -710100
CAREMATRIX CORPORATION COM COM 141706101 -622 -248700 SH SOLE -248700
CENTRAL GARDEN & PET CO COM COM 153527106 -935 -90100 SH SOLE -90100
CENTRAL PARKING CORP (symbol c COM 154785109 -3079 -161000 SH SOLE -161000
CEPHALON INC COM COM 156708109 -2171 -62800 SH SOLE -62800
CHECKPOINT SYSTEMS INC COM COM 162825103 -8936 -877200 SH SOLE -877200
CHESAPEAKE ENERGY CORP COM COM 165167107 -495 -208500 SH SOLE -208500
CHIQUITA BRANDS INTL COM COM 170032106 -5180 -1090620 SH SOLE -1090620
CIRRUS LOGIC CORP COM COM 172755100 -1826 -137200 SH SOLE -137200
CITIZENS UTILITIES CO DEL CL- COM 177342201 -22950 -1617617 SH SOLE -1617617
CLEAR CHANNEL COMMUNICATIONS I COM 184502102 -59643 -668274 SH SOLE -668274
COEUR D ALENE MINES ID COM COM 192108108 -2288 -665700 SH SOLE -665700
CORECOMM LIMITED COM COM g2422r109 -3123 -52600 SH SOLE -52600
CRESCENT REAL ESTATE COM COM 225756105 -5518 -300300 SH SOLE -300300
DAIWA SECURITIES GROUP INC COM jp3502200 -2301 -147000 SH SOLE -147000
DIAMOND OFFSHORE DRILLING INC COM 25271C102 -938 -30700 SH SOLE -30700
DYNEGY INC COM COM 26816l102 -1410 -58000 SH SOLE -58000
E SPIRE COMMUNICATIONS INC COM 269153102 -717 -123400 SH SOLE -123400
ECHOSTAR COMMUNICATIONS NEW CL COM 278762109 -22844 -234300 SH SOLE -234300
ELAN CORP PLC ADR COM 284131208 -4216 -142900 SH SOLE -142900
EMCOR GROUP INC COM COM 29084q100 -916 -50200 SH SOLE -50200
EMERITUS CORP COM COM 291005106 -1445 -222300 SH SOLE -222300
ETOYS INC COM COM 297862104 -3021 -115100 SH SOLE -115100
EXODUS COMMUNICATIONS INC COM COM 302088109 -6430 -72400 SH SOLE -72400
FEDERAL MOGUL CORP COM COM 313549107 -3369 -167400 SH SOLE -167400
FEDERATED DEPT STORES COM COM 31410h101 -5360 -106000 SH SOLE -106000
FINANCIAL FEDERAL CORP COM COM 317492106 -2833 -124200 SH SOLE -124200
FIRST UNION REAL ESTATE EQ & COM 337400105 -680 -143100 SH SOLE -143100
FLEETWOOD ENTERPRISES COM COM 339099103 -5195 -251900 SH SOLE -251900
FLEXTRONICS INTL LTD ORD COM y2573f102 -1481 -32200 SH SOLE -32200
FREEPORT-MC MORAN COPPER & GOL COM 35671d105 -1155 -62200 SH SOLE -62200
FRONTIER INSURANCE GROUP INC N COM 359081106 -3211 -934200 SH SOLE -934200
GENERAL DATACOMM INDS COM COM 369487103 -3458 -521900 SH SOLE -521900
GENERAL GROWTH PPTYS COM COM 370021107 -8224 -293700 SH SOLE -293700
GENERAL SEMICONDUCTOR INC COM COM 370787103 -3431 -241800 SH SOLE -241800
GENESCO INC COM 371532102 -4922 -378600 SH SOLE -378600
GENZYME CORP COM GENERAL DIVIS COM 372917104 -9180 -204000 SH SOLE -204000
GLENBOROUGH REALTY TR INC COM COM 37803p105 -258 -19300 SH SOLE -19300
GLOBAL CROSSING LTD COM COM g3921a100 -23085 -461700 SH SOLE -461700
GLOBAL TELESYS GROUP INC COM COM 37936u104 -21323 -613600 SH SOLE -613600
GLOBALSTAR TELECOMM COM COM g3930h104 -5064 -115100 SH SOLE -115100
GUNMA BANK LTD COM COM jp3276400 -592 -91000 SH SOLE -91000
HANOVER COMPRESSOR CO COM COM 410768105 -10793 -285900 SH SOLE -285900
HERBALIFE INTL INC CL-B COM 426908307 -1252 -93600 SH SOLE -93600
HERCULES INC COM COM 427056106 -7086 -254200 SH SOLE -254200
HEXCEL CORP NEW COM COM 428291108 -1566 -281500 SH SOLE -281500
HITACHI LTD COM COM jp3788600 -3563 -222000 SH SOLE -222000
HMT TECHNOLOGY CORP COM 403917107 -1754 -438600 SH SOLE -438600
HOMEBASE INC COM COM 43738e108 -4462 -1456900 SH SOLE -1456900
HUMAN GENOME SCIENCES COM COM 444903108 -4411 -28900 SH SOLE -28900
HUTCHINSON TECH INC COM COM 448407106 -12677 -596550 SH SOLE -596550
HYPERION SOLUTIONS CORP (ARSW COM 44914m104 -1927 -44300 SH SOLE -44300
I2 TECHNOLOGIES INC COM COM 465754109 -5518 -28300 SH SOLE -28300
ICG COMMUNICATIONS INC COM COM 449246107 -2027 -108100 SH SOLE -108100
IMAX CORP COM COM 45245e109 -2762 -100900 SH SOLE -100900
INA COM CORP COM 45323g109 -3476 -475292 SH SOLE -475292
INHALE THERAPEUTIC SYSTEMS INC COM 457191104 -7444 -174900 SH SOLE -174900
INTERIM SERVICES INC COM COM 45868p100 -1094 -44200 SH SOLE -44200
INTERMEDIA COMMUNICATION COM COM 458801107 -31114 -801653 SH SOLE -801653
INTERNET CAPITAL GROUP INC COM COM 46059c106 -14790 -87000 SH SOLE -87000
IOMEGA CORP COM COM 462030107 -564 -167000 SH SOLE -167000
ITRON INC COM COM 465741106 -7348 -1199700 SH SOLE -1199700
K MART CORP COM COM 482584109 -7022 -697800 SH SOLE -697800
KAUFMAN & BROAD HOME CORP COM COM 486168107 -1354 -56000 SH SOLE -56000
KELLSTROM INDS INC COM COM 488035106 -1355 -148500 SH SOLE -148500
KOKUSAI ELECTRIC COM COM jp3294600 -634 -45000 SH SOLE -45000
KOMORI CORP COM -1736 -91000 SH SOLE -91000
LERNOUT & HAUSPIE SPEECH PROD COM b5628b104 -6105 -132000 SH SOLE -132000
LEVEL 3 COMMUNICATIONS INC COM COM 52729n100 -16981 -207400 SH SOLE -207400
LORAL CORP COM COM G56462107 -17972 -739200 SH SOLE -739200
LTV CORP NEW COM COM 501921100 -3176 -770000 SH SOLE -770000
MACERICH CO COM COM 554382101 -516 -24800 SH SOLE -24800
MAGNA INTL INC CL-A COM COM 559222401 -7195 -169800 SH SOLE -169800
MARK IV INDS INC COM COM 570387100 -310 -17500 SH SOLE -17500
MARUBENI CORP COM COM jp3877600 -5998 -1428000 SH SOLE -1428000
MARVEL ENTERPRISES INC COM COM 57383m108 -507 -92100 SH SOLE -92100
MATSUSHITA ELECTRIC INDUSTRIAL COM jp3866800 -3518 -127000 SH SOLE -127000
MATTEL INC COM COM 577081102 -313 -23820 SH SOLE -23820
MCI WORLDCOM INC (NAC 091598) COM 55268b106 -357 -6734 SH SOLE -6734
MCKESSON HBOC INC COM COM 58155q103 -5103 -226800 SH SOLE -226800
MCLEODUSA INC CL-A COM COM 582266102 -25600 -434820 SH SOLE -434820
METROMEDIA INTL GROUP COM COM 591695101 -735 -154800 SH SOLE -154800
MICHAELS STORES INC COM COM 594087108 -561 -19700 SH SOLE -19700
MIDAMERICAN ENERGY HLDGS CO CO COM 59562v107 -832 -24696 SH SOLE -24696
MITSUBISHI LOGISTICS CORP COM jp3902000 -249 -39000 SH SOLE -39000
MOTOROLA INC COM COM 620076109 -14224 -96600 SH SOLE -96600
MRV COMMUNICATIONS INC COM COM 553477100 -4225 -67200 SH SOLE -67200
NATL AUSTRALIA BANK LTD ADR (N COM 632525408 -3187 -41800 SH SOLE -41800
NCS HEALTHCARE INC CL A COM 628874109 -910 -378100 SH SOLE -378100
NEC CORPORATION COM COM jp3733000 -5364 -225000 SH SOLE -225000
NETBANK INC COM COM 640933107 -2701 -146000 SH SOLE -146000
NEWELL RUBBERMAID INC COM (N/ COM 651229106 -8764 -302200 SH SOLE -302200
NEWFIELD EXPLORATION CO COM COM 651290108 -936 -35000 SH SOLE -35000
NOBLE INTL LTD COM COM 655053106 -862 -60000 SH SOLE -60000
NORTEL NETWORKS CORP COM COM 656569100 -4595 -45500 SH SOLE -45500
NTL INC COM AS OF 0 COM 629407107 -13560 -108700 SH SOLE -108700
OMNICARE INC COM COM 681904108 -1075 -89600 SH SOLE -89600
ORBITAL SCIENCES CORP COM COM 685564106 -7153 -385350 SH SOLE -385350
OWENS & MINOR INC NEW COM COM 690732102 -1162 -130000 SH SOLE -130000
OWENS CORNING COM NEW COM 69073f103 -11126 -576100 SH SOLE -576100
PATINA OIL & GAS CORP COM COM 703224105 -304 -35297 SH SOLE -35297
PEAK INTL LTD ORD COM g69586108 -1065 -103900 SH SOLE -103900
PENN TREATY AMERICAN CORP COM COM 707874103 -3397 -215700 SH SOLE -215700
PEOPLESOFT INC COM COM 712713106 -2749 -129000 SH SOLE -129000
PERSONNEL GROUP OF AMERICA INC COM 715338109 -2251 -219600 SH SOLE -219600
PETSMART INC COM COM 716768106 -7195 -1251300 SH SOLE -1251300
PIONEER STANDARD ELECTRS COM COM 723877106 -2951 -204400 SH SOLE -204400
POWERTEL INC COM COM 73936c109 -15558 -155000 SH SOLE -155000
PREMIERE TECHNOLOGIES COM COM 74058f102 -225 -32175 SH SOLE -32175
PSINET INC COM COM 74437c101 -17336 -280748 SH SOLE -280748
QUADRAMED CORP COM COM 74730w101 -2694 -309000 SH SOLE -309000
QUANEX CORP COM COM 747620102 -339 -13300 SH SOLE -13300
QUEBECOR PRINTING INC COM COM 747922102 -720 -32346 SH SOLE -32346
RANGE RESOURCES CORP (N/C 0826 COM 75281a109 -733 -230100 SH SOLE -230100
READ-RITE CORP COM COM 755246105 -2639 -555600 SH SOLE -555600
RECKSON ASSOCIATES REALTY COM COM 75621k106 -5635 -274900 SH SOLE -274900
REPTRON ELECTRONICS INC COM 76026w109 -867 -99100 SH SOLE -99100
RES-CARE INC COM COM 760943100 -1890 -148200 SH SOLE -148200
ROBBINS & MYERS INC COM COM 770196103 -1387 -61300 SH SOLE -61300
SANWA BANK LTD COM COM jp3344000 -3067 -252000 SH SOLE -252000
SAVOIR TECHNOLOGY GROUP INC COM 80533w107 -530 -74404 SH SOLE -74404
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