UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
Form 13F Cover Page
Report for the Calendar Year or Quarter Ended: September 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement.
[ ] adds new holding entries.
Institutional Investment Manager filing this Report:
Name: Pilgrim Advisors, Inc.
(formerly "Northstar Investment Management Corporation")
Address: 300 First Stamford Place
Stamford, CT 06902
13F File Number: 28-5280
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: Mary Fran Ennis
Title: Assistant Secretary
Phone: (203) 602-7882
Signature, Place, and Date of Signing:
/s/Mary Fran Ennis Stamford, CT November 12, 1999
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
N/A
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
<PAGE>
Form 13 Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Total Entry: 841
Form 13F Information Table Value Total: $2,590,766,208
List of Other Included Managers:
No. 13F File Number Name
N/A
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
20TH CENTY INDS CAL 41 901272203 9,687.50 500
- --------------------------------------------------------------------------------------------------------------------
21ST CENTY TELECOM GROUP INC 42 90130P603 360,292.50 5,000
- --------------------------------------------------------------------------------------------------------------------
3COM CORP 41 885535104 267,375.00 7,170
- --------------------------------------------------------------------------------------------------------------------
4FRONT SOFTWARE INTL INC 41 351042106 2,767,087.50 9,300
- --------------------------------------------------------------------------------------------------------------------
ABBOTT LABS 41 002824100 1,741,950.00 195,900
- --------------------------------------------------------------------------------------------------------------------
ABERCROMBIE AND FITCH CO 41 002896207 548,406.25 47,400
- --------------------------------------------------------------------------------------------------------------------
ABGENIX INC 41 00339B107 2,198,418.75 16,100
- --------------------------------------------------------------------------------------------------------------------
ABITIBI CONSOLIDATED INC 41 003924107 3,571,706.25 56,100
- --------------------------------------------------------------------------------------------------------------------
ACCRUE SOFTWARE INC 41 00437W102 4,835,250.00 296,100
- --------------------------------------------------------------------------------------------------------------------
ACME COMMUNICATIONS 41 004631107 1,875,500.00 214,900
- --------------------------------------------------------------------------------------------------------------------
ADAPTEC INC 41 00651F108 19,808,031.25 60,500
- --------------------------------------------------------------------------------------------------------------------
ADMINISTRADORA DE FONDAS DE PE 43 00709P108 222,768.75 499,100
- --------------------------------------------------------------------------------------------------------------------
ADOBE SYS INC 41 00724F101 14,039,950.00 10,900
- --------------------------------------------------------------------------------------------------------------------
ADTRAN INC 41 00738A106 5,306,281.25 123,700
- --------------------------------------------------------------------------------------------------------------------
ADVANCE PARADIGM INC 41 007491103 1,078,575.00 138,500
- --------------------------------------------------------------------------------------------------------------------
ADVANCED ENERGY INDS INC 41 007973100 5,007,925.00 19,700
- --------------------------------------------------------------------------------------------------------------------
ADVANCED FIBRE COMMUNICATIONS 41 00754A105 881,100.00 162,200
- --------------------------------------------------------------------------------------------------------------------
AES CORP 41 00130H105 2,247,900.00 39,600
- --------------------------------------------------------------------------------------------------------------------
AETNA INC 41 008117103 231,475.00 38,100
- --------------------------------------------------------------------------------------------------------------------
AFFILIATED NEWSPAPERS INVTS IN 41 00825R103 312,500.00 4,700
- --------------------------------------------------------------------------------------------------------------------
AFFYMETRIX INC 41 00826T108 1,899,843.75 2,500
- --------------------------------------------------------------------------------------------------------------------
AFLAC INC 41 001055102 2,985,687.50 19,300
- --------------------------------------------------------------------------------------------------------------------
AGILE SOFTWARE CORP DEL 41 00846X105 3,936,000.00 71,300
- --------------------------------------------------------------------------------------------------------------------
AIR PRODS + CHEMS INC 41 009158106 424,312.50 61,500
- --------------------------------------------------------------------------------------------------------------------
AIRGAS INC 41 009363102 405,712.50 14,600
- --------------------------------------------------------------------------------------------------------------------
AIRGATE PCS INC 41 009367103 2,912,862.50 34,900
- --------------------------------------------------------------------------------------------------------------------
AIRONET WIRELESS COMMUNICATIONS INC 41 00943A107 840,000.00 117,100
- --------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP 41 001547108 547,500.00 40,000
- --------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC 41 013104104 585,525.00 30,000
- --------------------------------------------------------------------------------------------------------------------
ALCATEL 41 FR0000130007 28,019,506.16 14,800
- --------------------------------------------------------------------------------------------------------------------
ALCOA INC 41 013817101 1,756,368.75 203,500
- --------------------------------------------------------------------------------------------------------------------
ALLEGHENY ENERGY INC 41 017361106 130,431.25 28,300
- --------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELDYNE INC 41 017415100 124,875.00 4,100
- --------------------------------------------------------------------------------------------------------------------
ALLEGIANCE TELECOM INC 41 01747T102 2,099,737.50 7,400
- --------------------------------------------------------------------------------------------------------------------
ALLERGAN INC 41 018490102 1,386,000.00 39,900
- --------------------------------------------------------------------------------------------------------------------
ALLIED DOMECQ 41 GB0007294571 9,656,433.29 12,600
- --------------------------------------------------------------------------------------------------------------------
ALLIED SIGNAL INC 41 019512102 4,615,187.50 2,002,000
- --------------------------------------------------------------------------------------------------------------------
ALLIED WASTE INDUSTRIES INC 41 019589308 711,768.75 77,000
- --------------------------------------------------------------------------------------------------------------------
ALLIED ZURICH 41 GB0002875796 16,520,365.55 60,900
- --------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP 41 020002101 827,925.00 1,408,400
- --------------------------------------------------------------------------------------------------------------------
ALPHA INDS INC 41 020753109 14,919,453.11 33,200
- --------------------------------------------------------------------------------------------------------------------
ALTEON WEBSYSTEMS INC 41 02145A109 6,110,000.00 264,500
- --------------------------------------------------------------------------------------------------------------------
ALTERA CORP 41 021441100 1,704,637.50 65,000
- --------------------------------------------------------------------------------------------------------------------
ALZA CORP 41 022615108 42,812.50 39,300
- --------------------------------------------------------------------------------------------------------------------
AMBAC FINL GROUP INC 41 023139108 132,650.00 1,000
- --------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP 41 023551104 116,375.00 2,800
- --------------------------------------------------------------------------------------------------------------------
AMEREN CORP 41 023608102 75,625.00 1,900
- --------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL 41 02364J104 3,140,800.00 2,000
- --------------------------------------------------------------------------------------------------------------------
AMERICAN EAGLE OUTFITTERS INC 41 02553E106 5,018,125.00 30,200
- --------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO 41 025816109 1,863,210.00 103,600
- --------------------------------------------------------------------------------------------------------------------
AMERICAN FREIGHTWAYS CORP 41 02629V108 420,131.25 13,840
- --------------------------------------------------------------------------------------------------------------------
AMERICAN GEN CORP 41 026351106 284,343.75 23,100
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ---------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
20TH CENTY INDS CAL X X
- -----------------------------------------------------------------------------------------------------------------------------------
21ST CENTY TELECOM GROUP INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
3COM CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
4FRONT SOFTWARE INTL INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS X X
- -----------------------------------------------------------------------------------------------------------------------------------
ABERCROMBIE AND FITCH CO X X
- -----------------------------------------------------------------------------------------------------------------------------------
ABGENIX INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ABITIBI CONSOLIDATED INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ACCRUE SOFTWARE INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ACME COMMUNICATIONS X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADAPTEC INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADMINISTRADORA DE FONDAS DE PE X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADOBE SYS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADTRAN INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADVANCE PARADIGM INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADVANCED ENERGY INDS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ADVANCED FIBRE COMMUNICATIONS X X
- -----------------------------------------------------------------------------------------------------------------------------------
AES CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
AETNA INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AFFILIATED NEWSPAPERS INVTS IN X X
- -----------------------------------------------------------------------------------------------------------------------------------
AFFYMETRIX INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AFLAC INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AGILE SOFTWARE CORP DEL X X
- -----------------------------------------------------------------------------------------------------------------------------------
AIR PRODS + CHEMS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AIRGAS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AIRGATE PCS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AIRONET WIRELESS COMMUNICATIONS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AK STL HLDG CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALCATEL X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALCOA INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY ENERGY INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLEGHENY TELDYNE INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLEGIANCE TELECOM INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIED DOMECQ X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIED SIGNAL INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE INDUSTRIES INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLIED ZURICH X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALPHA INDS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALTEON WEBSYSTEMS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
ALZA CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMBAC FINL GROUP INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMEREN CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICA ONLINE INC DEL X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EAGLE OUTFITTERS INC X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN FREIGHTWAYS CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN GEN CORP X X
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS CORP 41 026609107 1,610,200.00 4,500
- --------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC 41 026874107 1,677,893.75 38,800
- --------------------------------------------------------------------------------------------------------------------
AMERICAN MATL CAN GROUP INC 41 027714104 3,270,025.00 19,300
- --------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP 41 029912201 460,305.62 206,800
- --------------------------------------------------------------------------------------------------------------------
AMERIKING INC 42 03071G201 1,007,336.43 4,000
- --------------------------------------------------------------------------------------------------------------------
AMERITECH CORP 41 030954101 2,747,968.75 23,530
- --------------------------------------------------------------------------------------------------------------------
AMFM INC 41 001693100 1,604,908.50 61,051
- --------------------------------------------------------------------------------------------------------------------
AMGEN INC 41 031162100 2,844,350.00 40,900
- --------------------------------------------------------------------------------------------------------------------
AMR CORP DEL 41 001765106 201,650.00 26,364
- --------------------------------------------------------------------------------------------------------------------
ANADARKO PETE CORP 41 032511107 220,050.00 34,900
- --------------------------------------------------------------------------------------------------------------------
ANADIGICS INC 41 032515108 2,972,812.50 3,700
- --------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES INC 41 032654105 3,864,250.00 7,200
- --------------------------------------------------------------------------------------------------------------------
ANDRX CORP 41 034551101 10,002,990.62 105,700
- --------------------------------------------------------------------------------------------------------------------
ANNTAYLOR STORES CORP 41 036115103 5,403,675.00 75,400
- --------------------------------------------------------------------------------------------------------------------
ANVIL HLDGS INC 42 037344702 2,066,497.31 170,900
- --------------------------------------------------------------------------------------------------------------------
AON CORP 41 037389103 328,143.75 132,200
- --------------------------------------------------------------------------------------------------------------------
APACHE CORP 41 037411105 6,612,006.25 516,624
- --------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER 41 037833100 3,855,731.25 11,100
- --------------------------------------------------------------------------------------------------------------------
APPLIED MATERIALS INC 41 038222105 2,717,837.50 153,100
- --------------------------------------------------------------------------------------------------------------------
APPLIED MICRO CIRCUITS CORP 41 03822W109 27,770,400.00 60,900
- --------------------------------------------------------------------------------------------------------------------
APPNET SYS INC 41 03831Q101 6,132,000.00 34,900
- --------------------------------------------------------------------------------------------------------------------
APRIA HEALTHCARE GROUP INC 41 037933108 5,393,500.00 487,200
- --------------------------------------------------------------------------------------------------------------------
ARACRUZ CELULOSE S A 43 038496204 256,762.50 224,000
- --------------------------------------------------------------------------------------------------------------------
ARCELIK 41 TRAARCLK91H5 502,321.59 322,000
- --------------------------------------------------------------------------------------------------------------------
ARGENTARIA C/P HIP 41 ES0124207038 11,139,357.70 12,300
- --------------------------------------------------------------------------------------------------------------------
ART TECHNOLOGY GROUP INC 41 04289L107 4,278,225.00 15,712,960
- --------------------------------------------------------------------------------------------------------------------
ARTHROCARE CORP 41 043136100 5,773,862.50 506,720
- --------------------------------------------------------------------------------------------------------------------
ASM LITHOGRAPHY HLDG N V 41 N07059111 509,675.00 112,400
- --------------------------------------------------------------------------------------------------------------------
ASPECT DEV INC 41 045234101 4,039,875.00 105,700
- --------------------------------------------------------------------------------------------------------------------
ASSOCIATED BANC CORP 41 045487105 68,756.25 7,600
- --------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CORP 41 046008108 666,000.00 159,600
- --------------------------------------------------------------------------------------------------------------------
ASTORIA FINL CORP 41 046265104 43,050.00 1,900
- --------------------------------------------------------------------------------------------------------------------
ASYST TECHNOLOGIES INC 41 04648X107 475,200.00 18,500
- --------------------------------------------------------------------------------------------------------------------
AT + T CORP 41 001957109 4,771,689.00 1,400
- --------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO 41 048825103 372,225.00 14,400
- --------------------------------------------------------------------------------------------------------------------
ATMEL CORP 41 049513104 8,006,800.00 109,694
- --------------------------------------------------------------------------------------------------------------------
ATWOOD OCEANICS INC 41 050095108 3,352,706.25 4,200
- --------------------------------------------------------------------------------------------------------------------
AT+T CORP 41 001957208 2,097,562.50 236,800
- --------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING INC 41 053015103 718,462.50 109,700
- --------------------------------------------------------------------------------------------------------------------
AVON PRODS INC 41 054303102 47,143.75 56,500
- --------------------------------------------------------------------------------------------------------------------
AVT CORP 41 002420107 1,957,427.50 16,100
- --------------------------------------------------------------------------------------------------------------------
AXA FINL INC 41 002451102 228,831.25 1,900
- --------------------------------------------------------------------------------------------------------------------
BACKWEB TECHNOLOGIES LTD 41 M15633106 1,730,600.00 63,916
- --------------------------------------------------------------------------------------------------------------------
BAKER HUGHES INC 41 057224107 2,337,400.00 4,100
- --------------------------------------------------------------------------------------------------------------------
BANCO BRADESCO S A 43 059460105 8,185,815.00 101,800
- --------------------------------------------------------------------------------------------------------------------
BANCO GANADERO S A 43 059594507 255,912.50 80,600
- --------------------------------------------------------------------------------------------------------------------
BANCO LATINOAMERICANO DE EXP 41 P16994132 292,800.00 1,653,700
- --------------------------------------------------------------------------------------------------------------------
BANCO RIO DE LA PLATA S A 43 059644104 193,500.00 34,700
- --------------------------------------------------------------------------------------------------------------------
BANCO SANTIAGO 43 05965L105 268,000.00 12,800
- --------------------------------------------------------------------------------------------------------------------
BANCWEST CORP NEW 41 059790105 16,250.00 18,000
- --------------------------------------------------------------------------------------------------------------------
BANK AMER CORP 41 060505104 2,990,418.75 13,400
- --------------------------------------------------------------------------------------------------------------------
BANK HANDLOWY W WARSZAWIE SA 43 062502208 215,650.00 400
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ----------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN MATL CAN GROUP INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERIKING INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMFM INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMGEN INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AMR CORP DEL X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANADARKO PETE CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANADIGICS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANDRX CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANNTAYLOR STORES CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ANVIL HLDGS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AON CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
APACHE CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER X X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIALS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MICRO CIRCUITS CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
APPNET SYS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
APRIA HEALTHCARE GROUP INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
ARACRUZ CELULOSE S A X X
- ------------------------------------------------------------------------------------------------------------------------------------
ARCELIK X X
- ------------------------------------------------------------------------------------------------------------------------------------
ARGENTARIA C/P HIP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ART TECHNOLOGY GROUP INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
ARTHROCARE CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASM LITHOGRAPHY HLDG N V X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASPECT DEV INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASSOCIATED BANC CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASSOCIATES FIRST CAP CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASTORIA FINL CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ASYST TECHNOLOGIES INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AT + T CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO X X
- ------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
ATWOOD OCEANICS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AT+T CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROCESSING INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AVON PRODS INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
AVT CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
AXA FINL INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
BACKWEB TECHNOLOGIES LTD X X
- ------------------------------------------------------------------------------------------------------------------------------------
BAKER HUGHES INC X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCO BRADESCO S A X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCO GANADERO S A X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCO LATINOAMERICANO DE EXP X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCO RIO DE LA PLATA S A X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCO SANTIAGO X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANCWEST CORP NEW X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANK AMER CORP X X
- ------------------------------------------------------------------------------------------------------------------------------------
BANK HANDLOWY W WARSZAWIE SA X X
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
BANK NEW YORK INC 41 064057102 1,210,437.50 53,700
- --------------------------------------------------------------------------------------------------------------------
BANK ONE CORP 41 06423A103 1,291,543.75 19,000
- --------------------------------------------------------------------------------------------------------------------
BANKBOSTON CORP 41 06605R106 845,812.50 36,200
- --------------------------------------------------------------------------------------------------------------------
BARD C R INC 41 067383109 2,974,350.00 37,100
- --------------------------------------------------------------------------------------------------------------------
BARRETT RESOURCES CORP 41 068480201 1,111,818.75 19,500
- --------------------------------------------------------------------------------------------------------------------
BASF AG 41 DE0005151005 16,939,666.27 7,000
- --------------------------------------------------------------------------------------------------------------------
BASIN EXPL INC 41 070107107 2,964,000.00 63,200
- --------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC 41 071813109 60,250.00 30,100
- --------------------------------------------------------------------------------------------------------------------
BAYERISCHE MOTOREN WERKE AG 41 DE0005190003 15,688,982.62 398,000
- --------------------------------------------------------------------------------------------------------------------
BCO DE GALICIA BA 41 ARP096691133 430,841.09 123,500
- --------------------------------------------------------------------------------------------------------------------
BE AEROSPACE INC 41 073302101 238,750.00 1,000
- --------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COS INC 41 073902108 134,531.25 556,400
- --------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON + CO 41 075887109 232,918.75 83,000
- --------------------------------------------------------------------------------------------------------------------
BED BATH + BEYOND INC 41 075896100 2,536,462.50 20,000
- --------------------------------------------------------------------------------------------------------------------
BEIJING YANHUA PET 41 CN0009076349 282,707.04 3,500
- --------------------------------------------------------------------------------------------------------------------
BEIJING YANHUA PETROCHEMICAL 43 07725N108 253,096.25 8,300
- --------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC CORP 41 077853109 2,968,481.25 72,600
- --------------------------------------------------------------------------------------------------------------------
BELL + HOWELL CO NEW 41 077852101 733,750.00 1,426,000
- --------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP 41 079860102 1,854,000.00 25,630
- --------------------------------------------------------------------------------------------------------------------
BEMIS INC 41 081437105 298,100.00 44,100
- --------------------------------------------------------------------------------------------------------------------
BENCHMARK ELECTRONICS INC 41 08160H101 349,593.75 12,000
- --------------------------------------------------------------------------------------------------------------------
BERGEN BRUNSWIG CORP 41 083739102 1,265.75 20,000
- --------------------------------------------------------------------------------------------------------------------
BESTFOODS 41 08658U101 378,300.00 41,200
- --------------------------------------------------------------------------------------------------------------------
BEZEK ISRAEL TELCM 41 IL0009069522 242,505.66 8,800
- --------------------------------------------------------------------------------------------------------------------
BINDVIEW DEV CORP 41 090327107 572,906.25 9,900
- --------------------------------------------------------------------------------------------------------------------
BIOCHEM PHARM INC 41 09058T108 2,420,081.25 122
- --------------------------------------------------------------------------------------------------------------------
BIOGEN INC 41 090597105 2,655,981.25 7,800
- --------------------------------------------------------------------------------------------------------------------
BIOMET INC 41 090613100 68,412.50 67,900
- --------------------------------------------------------------------------------------------------------------------
BJ SVCS CO 41 055482103 1,511,093.75 29,100
- --------------------------------------------------------------------------------------------------------------------
BK LEUMI LE ISRAEL 41 IL0008530235 312,193.13 101,100
- --------------------------------------------------------------------------------------------------------------------
BLANCH E W HLDGS INC 41 093210102 9,768,750.00 33,700
- --------------------------------------------------------------------------------------------------------------------
BLOCKBUSTER INC 41 093679108 3,072,750.00 2,600
- --------------------------------------------------------------------------------------------------------------------
BLUESTONE SOFTWARE INC 41 09623P102 1,850,000.00 47,500
- --------------------------------------------------------------------------------------------------------------------
BMC SOFTWARE INC 41 055921100 450,843.75 179,400
- --------------------------------------------------------------------------------------------------------------------
BOC GROUP 41 GB0001081206 8,909,481.53 150,000
- --------------------------------------------------------------------------------------------------------------------
BOEING CO 41 097023105 826,925.00 241,000
- --------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP 41 097383103 25,506.25 80,000
- --------------------------------------------------------------------------------------------------------------------
BOMBAY DYEING + MA 43 4139041 223,200.00 6,300
- --------------------------------------------------------------------------------------------------------------------
BOSTON SCIENTIFIC CORP 41 101137107 340,687.50 426,800
- --------------------------------------------------------------------------------------------------------------------
BOWATER INC 41 102183100 7,318,500.00 19,400
- --------------------------------------------------------------------------------------------------------------------
BRADLEY REAL ESTATE INC 41 104580105 712,950.00 700
- --------------------------------------------------------------------------------------------------------------------
BRIGGS + STRATTON CORP 41 109043109 1,511,912.50 144,000
- --------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO 41 110122108 5,589,000.00 13,800
- --------------------------------------------------------------------------------------------------------------------
BRIT AMER TOBACCO 41 GB0002875804 13,721,834.70 139,400
- --------------------------------------------------------------------------------------------------------------------
BRITISH STEEL 41 GB0001411478 15,471,672.95 38,800
- --------------------------------------------------------------------------------------------------------------------
BROADVISION INC 41 111412102 11,190,556.25 25,900
- --------------------------------------------------------------------------------------------------------------------
BROCADE COMMUNICATIONS SYS INC 41 111621108 8,379,000.00 82,800
- --------------------------------------------------------------------------------------------------------------------
BUCA DI BEPPO 41 117769109 585,000.00 1,599,800
- --------------------------------------------------------------------------------------------------------------------
BURLINGTON NORTHN SANTA FE 41 12189T104 330,000.00 6,102,500
- --------------------------------------------------------------------------------------------------------------------
CALPINE CORP 41 131347106 2,500,837.50 84,100
- --------------------------------------------------------------------------------------------------------------------
CANANDAIGUA WINE INC 41 137219200 896,250.00 39,900
- --------------------------------------------------------------------------------------------------------------------
CANON INC 41 JP3242800005 7,461,135.12 45,000
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
BANK NEW YORK INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BARD C R INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BARRETT RESOURCES CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BASF AG X X
- --------------------------------------------------------------------------------------------------------------------------------
BASIN EXPL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BAXTER INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BAYERISCHE MOTOREN WERKE AG X X
- --------------------------------------------------------------------------------------------------------------------------------
BCO DE GALICIA BA X X
- --------------------------------------------------------------------------------------------------------------------------------
BE AEROSPACE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON + CO X X
- --------------------------------------------------------------------------------------------------------------------------------
BED BATH + BEYOND INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BEIJING YANHUA PET X X
- --------------------------------------------------------------------------------------------------------------------------------
BEIJING YANHUA PETROCHEMICAL X X
- --------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BELL + HOWELL CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BEMIS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BENCHMARK ELECTRONICS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BERGEN BRUNSWIG CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BESTFOODS X X
- --------------------------------------------------------------------------------------------------------------------------------
BEZEK ISRAEL TELCM X X
- --------------------------------------------------------------------------------------------------------------------------------
BINDVIEW DEV CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BIOCHEM PHARM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BIOGEN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BIOMET INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BJ SVCS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
BK LEUMI LE ISRAEL X X
- --------------------------------------------------------------------------------------------------------------------------------
BLANCH E W HLDGS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BLOCKBUSTER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BLUESTONE SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BMC SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BOC GROUP X X
- --------------------------------------------------------------------------------------------------------------------------------
BOEING CO X X
- --------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BOMBAY DYEING + MA X X
- --------------------------------------------------------------------------------------------------------------------------------
BOSTON SCIENTIFIC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BOWATER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BRADLEY REAL ESTATE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BRIGGS + STRATTON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO X X
- --------------------------------------------------------------------------------------------------------------------------------
BRIT AMER TOBACCO X X
- --------------------------------------------------------------------------------------------------------------------------------
BRITISH STEEL X X
- --------------------------------------------------------------------------------------------------------------------------------
BROADVISION INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BROCADE COMMUNICATIONS SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
BUCA DI BEPPO X X
- --------------------------------------------------------------------------------------------------------------------------------
BURLINGTON NORTHN SANTA FE X X
- --------------------------------------------------------------------------------------------------------------------------------
CALPINE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CANANDAIGUA WINE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CANON INC X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 3
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINL CORP 41 14040H105 678,600.00 12,000
- ---------------------------------------------------------------------------------------------------------------------
CAPSTAR BROADCASTING PARTNERS 42 14066P304 10,242,152.25 29,400
- ---------------------------------------------------------------------------------------------------------------------
CAROLINA PWR + LT CO 41 144141108 385,587.50 15,000
- ---------------------------------------------------------------------------------------------------------------------
CATALINA MARKETING CORP 41 148867104 6,013,206.25 257,000
- ---------------------------------------------------------------------------------------------------------------------
CBT GROUP PUB LTD 43 124853300 3,952,312.50 17,400
- ---------------------------------------------------------------------------------------------------------------------
CCB FINL CORP 41 124875105 33,300.00 88,869
- ---------------------------------------------------------------------------------------------------------------------
CELGENE CORP 41 151020104 1,312,531.25 10,900
- ---------------------------------------------------------------------------------------------------------------------
CENDANT CORP 41 151313103 615,925.00 70,900
- ---------------------------------------------------------------------------------------------------------------------
CENTRAIS ELECTRICAS DE SANTA 43 15234U604 182,815.10 160,500
- ---------------------------------------------------------------------------------------------------------------------
CENTRAIS ELETRICAS BRASILEIRAS 43 15234Q207 19,845,396.90 800
- ---------------------------------------------------------------------------------------------------------------------
CENTRAIS GERADORAS SUL DO BRAS 43 15235B100 388,335.69 48,500
- ---------------------------------------------------------------------------------------------------------------------
CENTRAL + SOUTH WEST CORP 41 152357109 420,387.50 10,000
- ---------------------------------------------------------------------------------------------------------------------
CEPHALON INC 41 156708109 3,320,625.00 34,700
- ---------------------------------------------------------------------------------------------------------------------
CEZ 41 CZ0005112300 482,580.96 6,500
- ---------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINL INC 41 160903100 125,568.75 2,381,400
- ---------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW 41 16161A108 1,386,900.00 125,310
- ---------------------------------------------------------------------------------------------------------------------
CHATTEM INC 41 162456107 6,442.25 19,900
- ---------------------------------------------------------------------------------------------------------------------
CHEVRON CORP 41 166751107 2,831,125.00 184,800
- ---------------------------------------------------------------------------------------------------------------------
CHIREX INC 41 170038103 2,878,093.75 176,100
- ---------------------------------------------------------------------------------------------------------------------
CHIRON CORP 41 170040109 1,135,187.50 5,430
- ---------------------------------------------------------------------------------------------------------------------
CHUBB CORP 41 171232101 288,912.50 18,400
- ---------------------------------------------------------------------------------------------------------------------
CHURCH + DWIGHT INC 41 171340102 1,915,000.00 292
- ---------------------------------------------------------------------------------------------------------------------
CIDCO INC 41 171768104 3,794,656.25 2,000
- ---------------------------------------------------------------------------------------------------------------------
CIENA CORP 41 171779101 1,116,900.00 31,900
- ---------------------------------------------------------------------------------------------------------------------
CIGNA CORP 41 125509109 528,700.00 111,500
- ---------------------------------------------------------------------------------------------------------------------
CINAR CORP 41 171905300 1,116,225.00 41,000
- ---------------------------------------------------------------------------------------------------------------------
CINERGY CORP 41 172474108 167,043.75 5,800
- ---------------------------------------------------------------------------------------------------------------------
CISCO SYS INC 41 17275R102 8,035,525.00 76,600
- ---------------------------------------------------------------------------------------------------------------------
CIT GROUP INC 41 125577106 100,756.25 290,500
- ---------------------------------------------------------------------------------------------------------------------
CITIC PACIFIC LTD 41 HK0267001375 9,654,089.27 30,600
- ---------------------------------------------------------------------------------------------------------------------
CITIGROUP INC 41 172967101 5,717,800.00 6,800
- ---------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 41 177376100 15,329,531.25 36,900
- ---------------------------------------------------------------------------------------------------------------------
CLARIFY INC 41 180492100 12,427,187.50 5,900
- ---------------------------------------------------------------------------------------------------------------------
CLARK MATL HANDLING CO 42 181475401 977,212.50 117,200
- ---------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMMUNICATIONS 41 184502102 4,700,324.25 4,900
- ---------------------------------------------------------------------------------------------------------------------
CLOROX CO 41 189054109 260,100.00 3,488,000
- ---------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORP 41 125896100 139,143.75 129,950
- ---------------------------------------------------------------------------------------------------------------------
CNF TRANSN INC 41 12612W104 44,700.00 247,500
- ---------------------------------------------------------------------------------------------------------------------
COASTAL CORP 41 190441105 1,596,562.50 247,000
- ---------------------------------------------------------------------------------------------------------------------
COCA COLA CO 41 191216100 3,127,426.88 11,330
- ---------------------------------------------------------------------------------------------------------------------
COLORADO MED TECH INC 41 19652U104 5,829,862.50 58,846
- ---------------------------------------------------------------------------------------------------------------------
COLT TELECOM GROUP PLC 43 196877104 202,125.00 38,940
- ---------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP 41 197648108 127,362.50 6,800
- ---------------------------------------------------------------------------------------------------------------------
COLUMBIA / HCA HEALTHCARE CORP 41 197677107 413,156.25 4,100
- ---------------------------------------------------------------------------------------------------------------------
COMCAST CORP 41 200300200 4,403,476.00 1,200
- ---------------------------------------------------------------------------------------------------------------------
COMERICA INC 41 200340107 248,062.50 39,000
- ---------------------------------------------------------------------------------------------------------------------
COMMEMORATIVE BRANDS INC 42 200505204 2,025,000.00 65,070
- ---------------------------------------------------------------------------------------------------------------------
COMMERCE BANCSHARES INC 41 200525103 42,450.00 403,800
- ---------------------------------------------------------------------------------------------------------------------
COMMERCE ONE INC DEL 41 200693109 2,990,193.75 7,000
- ---------------------------------------------------------------------------------------------------------------------
COMMSCOPE INC 41 203372107 12,470,250.00 2,100
- ---------------------------------------------------------------------------------------------------------------------
COMPANHIA CERVEJA RIA BRAHMA 43 20440X103 13,508,400.00 2,300
- ---------------------------------------------------------------------------------------------------------------------
COMPANHIA PARANAENSE DE ENERG 43 20441B407 183,750.00 19,500
- ---------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CAPSTAR BROADCASTING PARTNERS X X
- --------------------------------------------------------------------------------------------------------------------------------
CAROLINA PWR + LT CO X X
- --------------------------------------------------------------------------------------------------------------------------------
CATALINA MARKETING CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CBT GROUP PUB LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
CCB FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CELGENE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAIS ELECTRICAS DE SANTA X X
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAIS ELETRICAS BRASILEIRAS X X
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAIS GERADORAS SUL DO BRAS X X
- --------------------------------------------------------------------------------------------------------------------------------
CENTRAL + SOUTH WEST CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CEPHALON INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CEZ X X
- --------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
CHATTEM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CHEVRON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CHIREX INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CHIRON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CHURCH + DWIGHT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CIDCO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CIENA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CINAR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CIT GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CITIC PACIFIC LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CLARIFY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CLARK MATL HANDLING CO X X
- --------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMMUNICATIONS X X
- --------------------------------------------------------------------------------------------------------------------------------
CLOROX CO X X
- --------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CNF TRANSN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO X X
- --------------------------------------------------------------------------------------------------------------------------------
COLORADO MED TECH INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COLT TELECOM GROUP PLC X X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP X X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMBIA / HCA HEALTHCARE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
COMCAST CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
COMERICA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMMEMORATIVE BRANDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMMERCE BANCSHARES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMMERCE ONE INC DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
COMMSCOPE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMPANHIA CERVEJA RIA BRAHMA X X
- --------------------------------------------------------------------------------------------------------------------------------
COMPANHIA PARANAENSE DE ENERG X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 4
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
COMPANIA ANON NACL TELE DE VEZ 43 204421101 17,741,026.87 110,432
- --------------------------------------------------------------------------------------------------------------------
COMPASS BANCSHARES INC 41 20449H109 85,000.00 4,900
- --------------------------------------------------------------------------------------------------------------------
COMPUCREDIT CORP 41 20478N100 3,801,600.00 92,950
- --------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOC INTL INC 41 204912109 2,713,375.00 100,000
- --------------------------------------------------------------------------------------------------------------------
COMVERSE TECHNOLOGY INC 41 205862402 811,087.50 1,200
- --------------------------------------------------------------------------------------------------------------------
CONCUR TECHNOLOGIES 41 206708109 339,150.00 30,600
- --------------------------------------------------------------------------------------------------------------------
CONEXANT SYS INC 41 207142100 1,060,781.24 383,700
- --------------------------------------------------------------------------------------------------------------------
CONOCO INC 41 208251405 1,482,278.61 1,125,700
- --------------------------------------------------------------------------------------------------------------------
CONSOLIDATED NAT GAS CO 41 209615103 137,225.00 28,000
- --------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP 41 210149100 461,106.25 661,670
- --------------------------------------------------------------------------------------------------------------------
CONSTELLATION ENERGY GROUP INC 41 210371100 157,500.00 3,400
- --------------------------------------------------------------------------------------------------------------------
COOPER CAMERON CORP 41 216640102 1,887,500.00 204,800
- --------------------------------------------------------------------------------------------------------------------
COOPER COMPANIES INC 41 216648402 506,350.00 44,300
- --------------------------------------------------------------------------------------------------------------------
COOPER INDS INC 41 216669101 201,025.00 8,600
- --------------------------------------------------------------------------------------------------------------------
COPENE PETROQ DO NORDESTE SA 43 217252105 207,190.62 11,900
- --------------------------------------------------------------------------------------------------------------------
COPPER MTN NETWORKS INC 41 217510106 3,049,350.00 14,600
- --------------------------------------------------------------------------------------------------------------------
COR THERAPEUTICS INC 41 217753102 3,788,600.00 54,091
- --------------------------------------------------------------------------------------------------------------------
CORPORATE EXECUTIVE BRD CO 41 21988R102 815,000.00 2,200
- --------------------------------------------------------------------------------------------------------------------
COST PLUS INC CALIF 41 221485105 281,300.00 20,900
- --------------------------------------------------------------------------------------------------------------------
COSTAR GROUP INC 41 22160N109 391,550.00 5,600
- --------------------------------------------------------------------------------------------------------------------
COSTCO WHSL CORP NEW 41 22160K105 2,570,400.00 50,000
- --------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CR INDS INC 41 222372104 109,650.00 16,400
- --------------------------------------------------------------------------------------------------------------------
COVENTRY HELATH CARE INC 41 222862104 1,023,150.00 4,300
- --------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS INC NEW 41 224044107 1,503,000.00 23,400
- --------------------------------------------------------------------------------------------------------------------
CREDENCE SYSTEMS CORP 41 225302108 5,524,112.50 34,800
- --------------------------------------------------------------------------------------------------------------------
CRITICAL PATH INC 41 22674V100 189,615.62 199,400
- --------------------------------------------------------------------------------------------------------------------
CSX CORP 41 126408103 237,300.00 20,000
- --------------------------------------------------------------------------------------------------------------------
CUMULUS MEDIA INC 41 231082108 3,294,900.00 5,800
- --------------------------------------------------------------------------------------------------------------------
CVS CORP 41 126650100 261,200.00 16,400
- --------------------------------------------------------------------------------------------------------------------
CYBERSOURCE CORP DEL 41 23251J106 2,763,212.50 35,700
- --------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR CORP 41 232806109 9,124,600.00 3,400
- --------------------------------------------------------------------------------------------------------------------
CYTYC CORP 41 232946103 3,195,587.50 107,700
- --------------------------------------------------------------------------------------------------------------------
DAIICHI PHARM CO 41 JP3476600006 5,712,549.22 36,000
- --------------------------------------------------------------------------------------------------------------------
DAIN RAUSCHER CORP 41 233856103 710,500.00 123,100
- --------------------------------------------------------------------------------------------------------------------
DAIRY FARM INTL 41 BMG2624N1048 120,395.00 4,700
- --------------------------------------------------------------------------------------------------------------------
DAIRY FARM INTL HLDGS 43 233859206 253,725.00 5,600
- --------------------------------------------------------------------------------------------------------------------
DANA CORP 41 235811106 252,450.00 100,800
- --------------------------------------------------------------------------------------------------------------------
DANAHER CORP 41 235851102 1,438,368.75 6,400
- --------------------------------------------------------------------------------------------------------------------
DANKA BUSINESS SYSTEMS PLC 41 236277109 492,056.25 49,900
- --------------------------------------------------------------------------------------------------------------------
DATASTREAM SYS INC 41 238124101 420,000.00 424,400
- --------------------------------------------------------------------------------------------------------------------
DAYTON HUDSON CORP 41 239753106 2,138,225.00 82,600
- --------------------------------------------------------------------------------------------------------------------
DBS GROUP HLDGS 41 SG1L01001701 32,368,981.17 377,000
- --------------------------------------------------------------------------------------------------------------------
DEERE + CO 41 244199105 429,431.25 14,500
- --------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP 41 247025109 3,746,400.00 121,000
- --------------------------------------------------------------------------------------------------------------------
DELPHI AUTOMOTIVE SYS CORP 41 247126105 360,747.62 51,000
- --------------------------------------------------------------------------------------------------------------------
DEN DANSKE BANK 41 DK0010000207 17,329,768.51 29,297
- --------------------------------------------------------------------------------------------------------------------
DENDRITE INTL INC 41 248239105 2,225,475.00 6,800
- --------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM 41 DE0005557003 31,740,380.46 27,300
- --------------------------------------------------------------------------------------------------------------------
DEVON ENERGY CORPORATION NEW 41 25179M103 8,142,468.75 48,300
- --------------------------------------------------------------------------------------------------------------------
DIAGEO 41 GB0003960001 22,825,047.12 32,000
- --------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC 41 25271C102 2,513,137.50 35,600
- --------------------------------------------------------------------------------------------------------------------
DIGEX INC DEL 41 253756100 1,444,937.50 2,896,172
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
COMPANIA ANON NACL TELE DE VEZ X X
- --------------------------------------------------------------------------------------------------------------------------------
COMPASS BANCSHARES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMPUCREDIT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOC INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECHNOLOGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CONCUR TECHNOLOGIES X X
- --------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CONOCO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED NAT GAS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CONSTELLATION ENERGY GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COOPER CAMERON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
COOPER COMPANIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COOPER INDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COPENE PETROQ DO NORDESTE SA X X
- --------------------------------------------------------------------------------------------------------------------------------
COPPER MTN NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COR THERAPEUTICS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CORPORATE EXECUTIVE BRD CO X X
- --------------------------------------------------------------------------------------------------------------------------------
COST PLUS INC CALIF X X
- --------------------------------------------------------------------------------------------------------------------------------
COSTAR GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COSTCO WHSL CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CR INDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COVENTRY HELATH CARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYSTEMS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CRITICAL PATH INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CSX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CUMULUS MEDIA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
CVS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CYBERSOURCE CORP DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
CYTYC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DAIICHI PHARM CO X X
- --------------------------------------------------------------------------------------------------------------------------------
DAIN RAUSCHER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DAIRY FARM INTL X X
- --------------------------------------------------------------------------------------------------------------------------------
DAIRY FARM INTL HLDGS X X
- --------------------------------------------------------------------------------------------------------------------------------
DANA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DANAHER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DANKA BUSINESS SYSTEMS PLC X X
- --------------------------------------------------------------------------------------------------------------------------------
DATASTREAM SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
DAYTON HUDSON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DBS GROUP HLDGS X X
- --------------------------------------------------------------------------------------------------------------------------------
DEERE + CO X X
- --------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DELPHI AUTOMOTIVE SYS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DEN DANSKE BANK X X
- --------------------------------------------------------------------------------------------------------------------------------
DENDRITE INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
DEUTSCHE TELEKOM X X
- --------------------------------------------------------------------------------------------------------------------------------
DEVON ENERGY CORPORATION NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
DIAGEO X X
- --------------------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING INC X X
- --------------------------------------------------------------------------------------------------------------------------------
DIGEX INC DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 5
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
DIGITAL INSIGHT CORP 41 25385P106 12,000.00 11,100
- --------------------------------------------------------------------------------------------------------------------
DIGITAL MICROWAVE CORP 41 253859102 1,995,450.00 89,600
- --------------------------------------------------------------------------------------------------------------------
DII GROUP INC 41 232949107 2,209,775.00 22,459
- --------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW 41 25429Q102 91,000.00 152,260
- --------------------------------------------------------------------------------------------------------------------
DIONEX CORP 41 254546104 906,300.00 47,100
- --------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO 41 254687106 3,638,025.00 774,800
- --------------------------------------------------------------------------------------------------------------------
DITECH COMMUNICATIONS CORP 41 25500M103 2,567,250.00 196,500
- --------------------------------------------------------------------------------------------------------------------
DOMINION RES INC VA 41 257470104 419,662.50 2,236,203
- --------------------------------------------------------------------------------------------------------------------
DOUBLECLICK INC 41 258609304 1,691,575.00 75,300
- --------------------------------------------------------------------------------------------------------------------
DOVER CORP 41 260003108 20,437.50 61,000
- --------------------------------------------------------------------------------------------------------------------
DOW CHEM CO 41 260543103 1,068,075.00 800
- --------------------------------------------------------------------------------------------------------------------
DTE ENERGY CO 41 233331107 195,075.00 127,200
- --------------------------------------------------------------------------------------------------------------------
DU PONT E I DE NEMOURS + CO 41 263534109 984,896.62 62,800
- --------------------------------------------------------------------------------------------------------------------
E M C CORP MASS 41 268648102 16,373,475.00 5,200
- --------------------------------------------------------------------------------------------------------------------
E PIPHANY INC 41 26881V100 1,218,750.00 21,200
- --------------------------------------------------------------------------------------------------------------------
E TEK DYNAMICS INC 41 269240107 260,400.00 140,600
- --------------------------------------------------------------------------------------------------------------------
EASTGROUP PROPERTIES INC 41 277276101 710,500.00 48,900
- --------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO 41 277461109 2,527,156.25 63,000
- --------------------------------------------------------------------------------------------------------------------
EATON CORP 41 278058102 293,462.50 9,300
- --------------------------------------------------------------------------------------------------------------------
EBAY INC 41 278642103 211,593.75 14,200
- --------------------------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS CORP N 41 278762109 3,714,231.25 500
- --------------------------------------------------------------------------------------------------------------------
EDISON INTL 41 281020107 164,352.50 9,400
- --------------------------------------------------------------------------------------------------------------------
EFFICIENT NETWORKS INC 41 282056100 763,875.00 5,400
- --------------------------------------------------------------------------------------------------------------------
EL PASO ENERGY CORP DEL 41 283905107 1,863,225.00 16,179
- --------------------------------------------------------------------------------------------------------------------
ELAN PLC 43 284131208 1,513,668.75 229,200
- --------------------------------------------------------------------------------------------------------------------
ELECTRO SCIENTIFIC INDUSTRIES INC 41 285229100 1,577,125.00 25,000
- --------------------------------------------------------------------------------------------------------------------
ELECTRONIC ARTS 41 285512109 86,850.00 14,500
- --------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYS CORP NEW 41 285661104 2,154,556.25 4,800
- --------------------------------------------------------------------------------------------------------------------
ELETRONICS FOR IMAGING INC 41 286082102 13,386,187.49 39,200
- --------------------------------------------------------------------------------------------------------------------
ELF AQUITAINE 41 FR0000120420 31,409,865.44 33,500
- --------------------------------------------------------------------------------------------------------------------
EMBRATEL PARTICIPACOES S A 43 29081N100 501,648.75 3,400
- --------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO 41 291011104 1,086,825.00 1,500
- --------------------------------------------------------------------------------------------------------------------
EMMIS COMMUNICATIONS CORP 41 291525103 812,568.75 40,900
- --------------------------------------------------------------------------------------------------------------------
EMULEX CORP 41 292475209 11,644,650.00 6,760
- --------------------------------------------------------------------------------------------------------------------
ENGAGE TECHNOLOGIES INC 41 292827102 188,437.50 21,000
- --------------------------------------------------------------------------------------------------------------------
ENI SPA 41 IT0001009890 21,358,791.07 46,800
- --------------------------------------------------------------------------------------------------------------------
ENRON CORP 41 293561106 1,641,750.00 45,100
- --------------------------------------------------------------------------------------------------------------------
ENSCO INTL INC 41 26874Q100 2,505,268.75 29,600
- --------------------------------------------------------------------------------------------------------------------
ENTERCOM COMMUNICATIONS CORP 41 293639100 630,000.00 1,200
- --------------------------------------------------------------------------------------------------------------------
ENTERGY CORP 41 29364G103 272,012.50 40,700
- --------------------------------------------------------------------------------------------------------------------
EOG RESOURCES INC 41 26875P101 1,338,750.00 27,750
- --------------------------------------------------------------------------------------------------------------------
EQUIFAX INC 41 294429105 196,875.00 260,400
- --------------------------------------------------------------------------------------------------------------------
ERID BEGHIN SAY 41 FR0000120891 145,306.58 179,995
- --------------------------------------------------------------------------------------------------------------------
EVN AG 41 AT0000741053 2,974,338.32 43,860
- --------------------------------------------------------------------------------------------------------------------
EXCHANGE APPLICATIONS SOFTWARE 41 300867108 3,827,531.25 17,200
- --------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS INC 41 302088109 2,630,281.25 12,300
- --------------------------------------------------------------------------------------------------------------------
EXPRESS SCRIPTS INC 41 302182100 258,225.00 135,600
- --------------------------------------------------------------------------------------------------------------------
EXTREME NETWORKS INC 41 30226D106 2,500,843.75 5,000
- --------------------------------------------------------------------------------------------------------------------
EXXON CORP 41 302290101 3,865,218.75 3,408,000
- --------------------------------------------------------------------------------------------------------------------
F5 NETWORKS INC 41 315616102 2,196,400.00 39,800
- --------------------------------------------------------------------------------------------------------------------
FAIRCHILD SEMICONDUCTOR INTL 41 303726103 4,784,600.00 138,700
- --------------------------------------------------------------------------------------------------------------------
FDX CORP 41 31304N107 54,250.00 17,500
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
DIGITAL INSIGHT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DIGITAL MICROWAVE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DII GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
DIONEX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO X X
- --------------------------------------------------------------------------------------------------------------------------------
DITECH COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DOMINION RES INC VA X X
- --------------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK INC X X
- --------------------------------------------------------------------------------------------------------------------------------
DOVER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
DOW CHEM CO X X
- --------------------------------------------------------------------------------------------------------------------------------
DTE ENERGY CO X X
- --------------------------------------------------------------------------------------------------------------------------------
DU PONT E I DE NEMOURS + CO X X
- --------------------------------------------------------------------------------------------------------------------------------
E M C CORP MASS X X
- --------------------------------------------------------------------------------------------------------------------------------
E PIPHANY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
E TEK DYNAMICS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EASTGROUP PROPERTIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CO X X
- --------------------------------------------------------------------------------------------------------------------------------
EATON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
EBAY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS CORP N X X
- --------------------------------------------------------------------------------------------------------------------------------
EDISON INTL X X
- --------------------------------------------------------------------------------------------------------------------------------
EFFICIENT NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EL PASO ENERGY CORP DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
ELAN PLC X X
- --------------------------------------------------------------------------------------------------------------------------------
ELECTRO SCIENTIFIC INDUSTRIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC ARTS X X
- --------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYS CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
ELETRONICS FOR IMAGING INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ELF AQUITAINE X X
- --------------------------------------------------------------------------------------------------------------------------------
EMBRATEL PARTICIPACOES S A X X
- --------------------------------------------------------------------------------------------------------------------------------
EMERSON ELEC CO X X
- --------------------------------------------------------------------------------------------------------------------------------
EMMIS COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
EMULEX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
ENGAGE TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ENI SPA X X
- --------------------------------------------------------------------------------------------------------------------------------
ENRON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
ENSCO INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ENTERCOM COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
EOG RESOURCES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EQUIFAX INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ERID BEGHIN SAY X X
- --------------------------------------------------------------------------------------------------------------------------------
EVN AG X X
- --------------------------------------------------------------------------------------------------------------------------------
EXCHANGE APPLICATIONS SOFTWARE X X
- --------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EXPRESS SCRIPTS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EXTREME NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
EXXON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
F5 NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FAIRCHILD SEMICONDUCTOR INTL X X
- --------------------------------------------------------------------------------------------------------------------------------
FDX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 6
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
FEDERAL HOME LN MTG CORP 41 313400301 300,040.00 9,400
- --------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN 41 313586109 1,128,375.00 63,000
- --------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL 41 31410H101 358,237.50 7,000
- --------------------------------------------------------------------------------------------------------------------
FINOVA GROUP INC 41 317928109 65,700.00 1,200
- --------------------------------------------------------------------------------------------------------------------
FIRST AMERN CORP TENN 41 318900107 278,687.50 23,300
- --------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP 41 319963104 1,254,825.00 131,700
- --------------------------------------------------------------------------------------------------------------------
FIRST PACIFIC CO 41 BMG348041077 258,439.80 36,500
- --------------------------------------------------------------------------------------------------------------------
FIRST TENN NATL CORP 41 337162101 109,687.50 3,300
- --------------------------------------------------------------------------------------------------------------------
FIRST UN CORP 41 337358105 1,088,212.50 39,500
- --------------------------------------------------------------------------------------------------------------------
FIRST VA BKS INC 41 337477103 69,700.00 50,900
- --------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS 41 33763V109 406,258.74 32,300
- --------------------------------------------------------------------------------------------------------------------
FIRSTMERIT CORP 41 337915102 63,437.50 203,600
- --------------------------------------------------------------------------------------------------------------------
FLEET BOSTON CORP 41 33901A108 58,600.00 1,400
- --------------------------------------------------------------------------------------------------------------------
FLEXTRONICS INTERNATIONAL 41 Y2573F102 366,581.25 5,770
- --------------------------------------------------------------------------------------------------------------------
FOCAL COMMUNICATIONS CORP 41 344155106 512,500.00 18,000
- --------------------------------------------------------------------------------------------------------------------
FORD MTR CO DEL 41 345370100 1,866,975.00 8,200
- --------------------------------------------------------------------------------------------------------------------
FOREST LABS INC 41 345838106 101,100.00 1,800
- --------------------------------------------------------------------------------------------------------------------
FORT JAMES CORP 41 347471104 162,793.75 6,500
- --------------------------------------------------------------------------------------------------------------------
FOSSIL INC 41 349882100 1,569,625.00 28,600
- --------------------------------------------------------------------------------------------------------------------
FOUNDRY NETWORKS INC 41 35063R100 1,890,000.00 427,135
- --------------------------------------------------------------------------------------------------------------------
FPL GROUP INC 41 302571104 266,987.50 3,900
- --------------------------------------------------------------------------------------------------------------------
FREEPORT MCMORAN COPPER + GOLD 41 35671D857 180,937.50 30,600
- --------------------------------------------------------------------------------------------------------------------
FULLER H B CO 41 359694106 371,337.50 1,600
- --------------------------------------------------------------------------------------------------------------------
GADZOOX NETWORKS INC 41 362555104 673,437.50 15,854
- --------------------------------------------------------------------------------------------------------------------
GALILEO TECHNOLOGY LTD 41 M47298100 8,475,000.00 2,500
- --------------------------------------------------------------------------------------------------------------------
GANNETT INC 41 364730101 934,031.25 1,600
- --------------------------------------------------------------------------------------------------------------------
GAP INC 41 364760108 1,724,800.00 6,300
- --------------------------------------------------------------------------------------------------------------------
GATEWAY INC 41 367626108 151,087.50 20,000
- --------------------------------------------------------------------------------------------------------------------
GAZPROM O A O 43 368287207 140,993.00 37,200
- --------------------------------------------------------------------------------------------------------------------
GEMSTAR INTL GROUP LTD 41 G3788V106 15,656,250.00 2,400
- --------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO 41 369604103 9,805,118.75 8,000
- --------------------------------------------------------------------------------------------------------------------
GENERAL HEALTHCARE GROUP LMTD 41 99JFVS905 0.00 6,100
- --------------------------------------------------------------------------------------------------------------------
GENERAL MLS INC 41 370334104 1,298,000.00 58,000
- --------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP 41 370442105 988,118.75 15,000
- --------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO 41 372460105 183,281.25 5,300
- --------------------------------------------------------------------------------------------------------------------
GENZYME CORP 41 372917609 108,153.95 11,800
- --------------------------------------------------------------------------------------------------------------------
GEORGIA PAC CORP 41 373298108 186,300.00 6,100
- --------------------------------------------------------------------------------------------------------------------
GILEAD SCIENCES INC 41 375558103 5,706,268.75 12,500
- --------------------------------------------------------------------------------------------------------------------
GILLETTE CO 41 375766102 1,048,668.75 339,000
- --------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING LTD 41 G3921A100 1,195,150.00 13,500
- --------------------------------------------------------------------------------------------------------------------
GLOBAL INDUSTRIES INC 41 379336100 784,875.00 53,900
- --------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE INC 41 379352404 2,908,780.00 3,400
- --------------------------------------------------------------------------------------------------------------------
GLOBESPAN SEMICONDUCTOR INC 41 379571102 1,972,656.25 20,360
- --------------------------------------------------------------------------------------------------------------------
GO2NET 41 383486107 1,495,725.00 200,400
- --------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP DEL 41 381317106 167,025.00 82,700
- --------------------------------------------------------------------------------------------------------------------
GOLDMAN SACHS GROUP INC 41 38141G104 860,100.00 801
- --------------------------------------------------------------------------------------------------------------------
GOODRICH B F CO 41 382388106 171,100.00 16,000
- --------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE AND RUBBER 41 382550101 288,750.00 15,700
- --------------------------------------------------------------------------------------------------------------------
GPU INC 41 36225X100 156,600.00 6,900
- --------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC 41 384802104 206,668.75 2,401
- --------------------------------------------------------------------------------------------------------------------
GRASIM INDUSTRIES LTD 43 388706103 343,443.00 4,600
- --------------------------------------------------------------------------------------------------------------------
GREENPOINT FINL CORP 41 395384100 87,656.25 180,000
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
FEDERAL HOME LN MTG CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG ASSN X X
- --------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES INC DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
FINOVA GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST AMERN CORP TENN X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST PACIFIC CO X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST TENN NATL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST UN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST VA BKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS X X
- --------------------------------------------------------------------------------------------------------------------------------
FIRSTMERIT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FLEET BOSTON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FLEXTRONICS INTERNATIONAL X X
- --------------------------------------------------------------------------------------------------------------------------------
FOCAL COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FORD MTR CO DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
FOREST LABS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FORT JAMES CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
FOSSIL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FOUNDRY NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
FREEPORT MCMORAN COPPER + GOLD X X
- --------------------------------------------------------------------------------------------------------------------------------
FULLER H B CO X X
- --------------------------------------------------------------------------------------------------------------------------------
GADZOOX NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GALILEO TECHNOLOGY LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
GANNETT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GAP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GATEWAY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GAZPROM O A O X X
- --------------------------------------------------------------------------------------------------------------------------------
GEMSTAR INTL GROUP LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL ELEC CO X X
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL HEALTHCARE GROUP LMTD X X
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL MLS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GENERAL MTRS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
GENZYME CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
GEORGIA PAC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
GILEAD SCIENCES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO X X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL INDUSTRIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBESPAN SEMICONDUCTOR INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GO2NET X X
- --------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
GOLDMAN SACHS GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GOODRICH B F CO X X
- --------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE AND RUBBER X X
- --------------------------------------------------------------------------------------------------------------------------------
GPU INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC X X
- --------------------------------------------------------------------------------------------------------------------------------
GRASIM INDUSTRIES LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
GREENPOINT FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 7
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
GRUPO FINANCIERO INBURSA SA DE 43 40048D101 700,402.50 88,900
- --------------------------------------------------------------------------------------------------------------------
GTE CORP 41 362320103 3,597,750.00 30,900
- --------------------------------------------------------------------------------------------------------------------
GUIDANT CORP 41 401698105 4,418,700.00 45,100
- --------------------------------------------------------------------------------------------------------------------
GULF STS STL INC ALA 41 402548119 50.10 96,600
- --------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO 41 406216101 3,690,000.00 176,960
- --------------------------------------------------------------------------------------------------------------------
HAMBRECHT + QUIST GROUP INC 41 406545103 1,283,175.00 5,000
- --------------------------------------------------------------------------------------------------------------------
HANOVER COMPRESSOR CO 41 410768105 814,400.00 31,250
- --------------------------------------------------------------------------------------------------------------------
HARBINGER CORP 41 41145C103 4,034,812.50 23,100
- --------------------------------------------------------------------------------------------------------------------
HARMONIC INC 41 413160102 19,922,743.75 1,700
- --------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL 41 413875105 74,587.50 14,100
- --------------------------------------------------------------------------------------------------------------------
HARTFORD FINANCIAL SVCS GRP 41 416515104 200,287.50 5,900
- --------------------------------------------------------------------------------------------------------------------
HASBRO INC 41 418056107 157,169.02 6,000
- --------------------------------------------------------------------------------------------------------------------
HEALTH MGMT ASSOC 41 421933102 62,687.50 4,800
- --------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP 41 421924101 267,356.25 4,300
- --------------------------------------------------------------------------------------------------------------------
HEINZ H J CO 41 423074103 430,000.00 28,740
- --------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP 41 423319102 7,767,200.00 3,300
- --------------------------------------------------------------------------------------------------------------------
HERSHEY FOODS CORP 41 427866108 194,750.00 44,470
- --------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO 41 428236103 864,800.00 46,800
- --------------------------------------------------------------------------------------------------------------------
HI / FN INC 41 428358105 4,564,350.00 82,400
- --------------------------------------------------------------------------------------------------------------------
HIBERNIA CORP 41 428656102 46,500.00 5,010
- --------------------------------------------------------------------------------------------------------------------
HILTON HOTELS CORP 41 432848109 108,625.00 90,000
- --------------------------------------------------------------------------------------------------------------------
HISPANIC BROADCASTING CORP 41 43357B104 235,987.50 26,300
- --------------------------------------------------------------------------------------------------------------------
HITACHI 41 JP3788600009 31,338,846.52 25,600
- --------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC 41 437076102 1,475,437.50 239,100
- --------------------------------------------------------------------------------------------------------------------
HOME PROPERTIES OF NEW YORK INC 41 437306103 803,293.75 152,300
- --------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC 41 441815107 581,812.50 2,700
- --------------------------------------------------------------------------------------------------------------------
HSBC HLDGS 41 GB0005405286 32,351,665.19 4,900
- --------------------------------------------------------------------------------------------------------------------
HUBBELL INC 41 443510201 79,687.50 7,300
- --------------------------------------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES INC 41 444903108 36,875.00 8,500
- --------------------------------------------------------------------------------------------------------------------
HUMANA INC 41 444859102 35,750.00 44,100
- --------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES INC 41 446150104 195,500.00 46,852
- --------------------------------------------------------------------------------------------------------------------
HUTCHISON WHAMPOA 41 HK0013000119 15,849,843.59 10,000
- --------------------------------------------------------------------------------------------------------------------
HYPERION TELECOMMUNICATIONS 42 44914K801 1,149,216.42 233,600
- --------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS CORP 41 449370105 56,418.74 4,000
- --------------------------------------------------------------------------------------------------------------------
IMC GLOBAL INC 41 449669100 109,218.75 9,400
- --------------------------------------------------------------------------------------------------------------------
IMMUNEX CORP NEW 41 452528102 459,775.00 41,400
- --------------------------------------------------------------------------------------------------------------------
IMPERIAL CHEM INDS 41 GB0004594973 10,926,270.49 4,000
- --------------------------------------------------------------------------------------------------------------------
IN FOCUS SYS INC 41 452919103 11,731,700.00 11,000
- --------------------------------------------------------------------------------------------------------------------
INDIAN RAYON + IND 43 4418825 148,490.00 3,100
- --------------------------------------------------------------------------------------------------------------------
INET TECHNOLOGIES INC 41 45662V105 4,238,043.75 2,835,900
- --------------------------------------------------------------------------------------------------------------------
INFOCURE CORP 41 45665A108 2,383,912.50 21,500
- --------------------------------------------------------------------------------------------------------------------
INFOSPACE COM INC 41 45678T102 3,314,675.00 30,100
- --------------------------------------------------------------------------------------------------------------------
ING GROEP NV 41 NL0000303568 23,859,848.73 14,500
- --------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO 41 456866102 1,856,887.50 2,831,600
- --------------------------------------------------------------------------------------------------------------------
INKTOMI CORP 41 457277101 1,080,281.24 2,500
- --------------------------------------------------------------------------------------------------------------------
INSIGHT COMMUNICATIONS INC 41 45768V108 744,250.00 500
- --------------------------------------------------------------------------------------------------------------------
INTEL CORP 41 458140100 10,002,462.50 5,200
- --------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMMUNICATIONS INC 41 458801107 116,862.75 7,360
- --------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHS 41 459200101 8,132,125.00 1,710,000
- --------------------------------------------------------------------------------------------------------------------
INTERNATIONAL FASTFOOD 41 45950Q107 110,141.44 10,350
- --------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO 41 460146103 1,840,793.75 12,840
- --------------------------------------------------------------------------------------------------------------------
INTERNATIONAL UTIL STRCTS INC 42 460934409 930,000.00 28,000
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
GRUPO FINANCIERO INBURSA SA DE X X
- --------------------------------------------------------------------------------------------------------------------------------
GTE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
GUIDANT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
GULF STS STL INC ALA X X
- --------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO X X
- --------------------------------------------------------------------------------------------------------------------------------
HAMBRECHT + QUIST GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HANOVER COMPRESSOR CO X X
- --------------------------------------------------------------------------------------------------------------------------------
HARBINGER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HARMONIC INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
HARTFORD FINANCIAL SVCS GRP X X
- --------------------------------------------------------------------------------------------------------------------------------
HASBRO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HEALTH MGMT ASSOC X X
- --------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HEINZ H J CO X X
- --------------------------------------------------------------------------------------------------------------------------------
HELIX TECHNOLOGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HERSHEY FOODS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO X X
- --------------------------------------------------------------------------------------------------------------------------------
HI / FN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HILTON HOTELS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HISPANIC BROADCASTING CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
HITACHI X X
- --------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HOME PROPERTIES OF NEW YORK INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HSBC HLDGS X X
- --------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HUMANA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HUNTINGTON BANCSHARES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
HUTCHISON WHAMPOA X X
- --------------------------------------------------------------------------------------------------------------------------------
HYPERION TELECOMMUNICATIONS X X
- --------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
IMC GLOBAL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
IMMUNEX CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
IMPERIAL CHEM INDS X X
- --------------------------------------------------------------------------------------------------------------------------------
IN FOCUS SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
INDIAN RAYON + IND X X
- --------------------------------------------------------------------------------------------------------------------------------
INET TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
INFOCURE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
INFOSPACE COM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ING GROEP NV X X
- --------------------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO X X
- --------------------------------------------------------------------------------------------------------------------------------
INKTOMI CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
INSIGHT COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
INTEL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL BUSINESS MACHS X X
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL FASTFOOD X X
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO X X
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL UTIL STRCTS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 8
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
INTERNATIONAL UTIL STRUCTURES 42 460934300 18,888.75 600
- --------------------------------------------------------------------------------------------------------------------
INTRACEL CORP 42 461991937 6,401,844.00 7,500
- --------------------------------------------------------------------------------------------------------------------
INVENSYS 41 GB0008070418 22,438,577.40 10,600
- --------------------------------------------------------------------------------------------------------------------
ISCOR 41 ZAE000003653 2,109,953.52 992,800
- --------------------------------------------------------------------------------------------------------------------
ITT INDS INC 41 450911102 149,518.75 700,400
- --------------------------------------------------------------------------------------------------------------------
IXL ENTERPRISES INC 41 450718101 1,215,506.25 95,800
- --------------------------------------------------------------------------------------------------------------------
IXNET INC 41 46601C109 1,538,212.50 106,200
- --------------------------------------------------------------------------------------------------------------------
JARDINE MATHESON 41 BMG507361001 9,892,664.50 126,300
- --------------------------------------------------------------------------------------------------------------------
JDS UNIPHASE CORP 41 46612J101 3,869,625.00 80,600
- --------------------------------------------------------------------------------------------------------------------
JG SUMMIT HLGS INC 41 PHY444251177 265,092.90 439,679
- --------------------------------------------------------------------------------------------------------------------
JOHNSON + JOHNSON 41 478160104 3,647,437.50 33,800
- --------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC 41 480074103 132,250.00 9,000
- --------------------------------------------------------------------------------------------------------------------
JORDAN TELECOMMUNICATION PRODS 41 480767102 51,250.00 26,000
- --------------------------------------------------------------------------------------------------------------------
JORDAN TELECOMMUNICATIONS 42 480767706 3,318,950.00 134,600
- --------------------------------------------------------------------------------------------------------------------
JUNIPER NETWORKS INC 41 48203R104 1,555,500.00 6,600
- --------------------------------------------------------------------------------------------------------------------
K MART CORP 41 482584109 194,012.50 5,373
- --------------------------------------------------------------------------------------------------------------------
K N ENERGY INC 41 482620101 1,795,000.00 67,000
- --------------------------------------------------------------------------------------------------------------------
KEMET CORP 41 488360108 652,162.50 133,001
- --------------------------------------------------------------------------------------------------------------------
KEYCORP NEW 41 493267108 371,700.00 38,300
- --------------------------------------------------------------------------------------------------------------------
KEYNOTE SYSTEMS INC 41 493308100 275,000.00 10,000
- --------------------------------------------------------------------------------------------------------------------
KEYSPAN CORP 41 49337W100 864,475.00 207
- --------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP 41 494368103 2,475,637.50 10,000
- --------------------------------------------------------------------------------------------------------------------
KINDER MORGAN INC 41 49455P101 1,036,612.50 1,433,175
- --------------------------------------------------------------------------------------------------------------------
KING PHARMACEUTICALS INC 41 495582108 6,184,500.00 460,679
- --------------------------------------------------------------------------------------------------------------------
KLA TENCOR CORP 41 482480100 286,000.00 4,620,240
- --------------------------------------------------------------------------------------------------------------------
KNIGHT RIDDER INC 41 499040103 203,037.50 5,000
- --------------------------------------------------------------------------------------------------------------------
KOHLS CORP 41 500255104 165,312.50 5,459,050
- --------------------------------------------------------------------------------------------------------------------
KOMATSU 41 JP3304200003 16,615,265.18 4,700
- --------------------------------------------------------------------------------------------------------------------
KON KPN NV 41 NL0000009041 14,746,782.05 34,300
- --------------------------------------------------------------------------------------------------------------------
KOORS INDS LTD 43 500507108 272,199.37 101,700
- --------------------------------------------------------------------------------------------------------------------
KOREA ELEC PWR CORP 43 500631106 216,843.75 2,412,845
- --------------------------------------------------------------------------------------------------------------------
KOREA TELECOM 43 50063P103 4,969,100.00 34,000
- --------------------------------------------------------------------------------------------------------------------
KROGER CO 41 501044101 637,606.25 3,442,000
- --------------------------------------------------------------------------------------------------------------------
KULICKE + SOFFA INDS INC 41 501242101 3,340,537.50 39,700
- --------------------------------------------------------------------------------------------------------------------
KYOCERA CORP 41 JP3249600002 33,650,122.06 4,600
- --------------------------------------------------------------------------------------------------------------------
LAM RESH CORP 41 512807108 14,847,400.00 2,500
- --------------------------------------------------------------------------------------------------------------------
LANDS END INC 41 515086106 554,400.00 32,380
- --------------------------------------------------------------------------------------------------------------------
LARSEN + TOUBRO 43 4544344 445,875.00 8,500
- --------------------------------------------------------------------------------------------------------------------
LATTICE SEMICONDUCTOR CORP 41 518415104 5,337,812.50 16,600
- --------------------------------------------------------------------------------------------------------------------
LEAR CORP 41 521865105 87,968.75 80,000
- --------------------------------------------------------------------------------------------------------------------
LEGATO SYSTEMS INC 41 524651106 2,179,687.50 20,400
- --------------------------------------------------------------------------------------------------------------------
LEGGETT + PLATT INC 41 524660107 141,750.00 14,400
- --------------------------------------------------------------------------------------------------------------------
LEVEL 3 COMMUNICATIONS INC 41 52729N100 522,187.50 11,000
- --------------------------------------------------------------------------------------------------------------------
LIBERATE TECHNOLOGIES 41 530129105 4,793,825.00 30,200
- --------------------------------------------------------------------------------------------------------------------
LIFEPOINT HOSPS INC 41 53219L109 660,614.87 47,155
- --------------------------------------------------------------------------------------------------------------------
LILLY ELI + CO 41 532457108 3,398,400.00 46,200
- --------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP IN 41 534187109 319,281.25 176,700
- --------------------------------------------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP 41 535678106 1,628,240.62 4,400
- --------------------------------------------------------------------------------------------------------------------
LINENS N THINGS INC 41 535679104 273,375.00 3,700
- --------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP 41 539830109 732,200.00 2,500
- --------------------------------------------------------------------------------------------------------------------
LOUIS DREYFUS NAT GAS CORP 41 546011107 1,918,656.25 2,513,000
- --------------------------------------------------------------------------------------------------------------------
LOUISIANA PAC CORP 41 546347105 38,281.25 336,795
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL UTIL STRUCTURES X X
- --------------------------------------------------------------------------------------------------------------------------------
INTRACEL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
INVENSYS X X
- --------------------------------------------------------------------------------------------------------------------------------
ISCOR X X
- --------------------------------------------------------------------------------------------------------------------------------
ITT INDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
IXL ENTERPRISES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
IXNET INC X X
- --------------------------------------------------------------------------------------------------------------------------------
JARDINE MATHESON X X
- --------------------------------------------------------------------------------------------------------------------------------
JDS UNIPHASE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
JG SUMMIT HLGS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
JOHNSON + JOHNSON X X
- --------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
JORDAN TELECOMMUNICATION PRODS X X
- --------------------------------------------------------------------------------------------------------------------------------
JORDAN TELECOMMUNICATIONS X X
- --------------------------------------------------------------------------------------------------------------------------------
JUNIPER NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
K MART CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
K N ENERGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KEMET CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
KEYNOTE SYSTEMS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KEYSPAN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KINDER MORGAN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KING PHARMACEUTICALS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KLA TENCOR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KNIGHT RIDDER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KOMATSU X X
- --------------------------------------------------------------------------------------------------------------------------------
KON KPN NV X X
- --------------------------------------------------------------------------------------------------------------------------------
KOORS INDS LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
KOREA ELEC PWR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
KOREA TELECOM X X
- --------------------------------------------------------------------------------------------------------------------------------
KROGER CO X X
- --------------------------------------------------------------------------------------------------------------------------------
KULICKE + SOFFA INDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
KYOCERA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LAM RESH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LANDS END INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LARSEN + TOUBRO X X
- --------------------------------------------------------------------------------------------------------------------------------
LATTICE SEMICONDUCTOR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LEAR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LEGATO SYSTEMS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LEGGETT + PLATT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LEVEL 3 COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LIBERATE TECHNOLOGIES X X
- --------------------------------------------------------------------------------------------------------------------------------
LIFEPOINT HOSPS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LILLY ELI + CO X X
- --------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP IN X X
- --------------------------------------------------------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LINENS N THINGS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LOUIS DREYFUS NAT GAS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LOUISIANA PAC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 9
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
LOWES COS INC 41 548661107 316,875.00 15,610
- --------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP 41 502161102 2,940,650.00 13,500
- --------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC 41 549463107 5,021,325.00 134,300
- --------------------------------------------------------------------------------------------------------------------
LUMINANT WORLWIDE CORP 41 550260103 1,845,000.00 28,900
- --------------------------------------------------------------------------------------------------------------------
LYONDELL CHEMICAL CO 41 552078107 86,937.50 137,400
- --------------------------------------------------------------------------------------------------------------------
M + T BK CORP 41 55261F104 96,390.00 443,600
- --------------------------------------------------------------------------------------------------------------------
MACROMEDIA INC 41 556100105 18,070,837.50 243,400
- --------------------------------------------------------------------------------------------------------------------
MAIL-WELL INC 41 560321200 727,050.00 8,400
- --------------------------------------------------------------------------------------------------------------------
MAKER COMMUNICATIONS INC 41 560875106 5,444,950.00 20,500
- --------------------------------------------------------------------------------------------------------------------
MANDALAY RESORT GROUP 41 562567107 70,902.50 179,800
- --------------------------------------------------------------------------------------------------------------------
MANOR CARE INC NEW 41 564055101 60,156.25 2,500
- --------------------------------------------------------------------------------------------------------------------
MARKS + SPENCER 41 GB0005654024 22,296,605.08 50,000
- --------------------------------------------------------------------------------------------------------------------
MARSH + MCLENNAN COS INC 41 571748102 732,950.00 7,200
- --------------------------------------------------------------------------------------------------------------------
MARSHALL + ILSLEY CORP 41 571834100 97,006.25 10,000
- --------------------------------------------------------------------------------------------------------------------
MASSALIN PARTICUL 41 ARP6459K1435 320,002.80 113,800
- --------------------------------------------------------------------------------------------------------------------
MATSUSHITA ELC IND 41 JP386680000 18,942,171.00 76,042
- --------------------------------------------------------------------------------------------------------------------
MATTEL INC 41 577081102 307,800.00 53,100
- --------------------------------------------------------------------------------------------------------------------
MAXIM INTEGRATED PRODS INC 41 57772K101 2,088,403.11 8,500
- --------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO 41 577778103 411,743.75 27,700
- --------------------------------------------------------------------------------------------------------------------
MBIA INC 41 55262C100 181,837.50 8,100
- --------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP 41 580135101 1,333,000.00 22,400
- --------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC 41 55268B106 3,967,500.00 89,500
- --------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC 41 58440J104 1,530,200.00 2,450
- --------------------------------------------------------------------------------------------------------------------
MEDIMMUNE INC 41 584699102 15,984,862.48 6,500
- --------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC 41 585055106 2,619,900.00 57,100
- --------------------------------------------------------------------------------------------------------------------
MELLON BK CORP 41 585509102 1,630,125.00 77,400
- --------------------------------------------------------------------------------------------------------------------
MERCANTILE BANKSHARES CORP 41 587405101 61,875.00 60,000
- --------------------------------------------------------------------------------------------------------------------
MERCK + CO INC 41 589331107 4,387,806.25 6,500
- --------------------------------------------------------------------------------------------------------------------
MERCURY GEN CORP NEW 41 589400100 33,075.00 210
- --------------------------------------------------------------------------------------------------------------------
MERCURY INTERACTIVE CORP 41 589405109 10,601,162.50 442,100
- --------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH + CO INC 41 590188108 745,781.25 52,400
- --------------------------------------------------------------------------------------------------------------------
METRIS COS INC 41 591598107 840,750.00 231,700
- --------------------------------------------------------------------------------------------------------------------
MEXICO(UTD MEX ST) 47 456446004 0.00 3,590
- --------------------------------------------------------------------------------------------------------------------
MICHAELS STORES INC 41 594087108 1,472,050.00 3,500
- --------------------------------------------------------------------------------------------------------------------
MICHELIN(CGDE) 41 FR0000121261 19,019,091.17 4,306,350
- --------------------------------------------------------------------------------------------------------------------
MICREL INC 41 594793101 8,158,837.50 10,700
- --------------------------------------------------------------------------------------------------------------------
MICROCHIP TECHNOLOGY INC 41 595017104 565,125.00 1,700
- --------------------------------------------------------------------------------------------------------------------
MICROMUSE INC 41 595094103 7,677,875.00 40,500
- --------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC 41 595112103 4,672,687.50 893,000
- --------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP 41 594918104 10,921,837.50 16,200
- --------------------------------------------------------------------------------------------------------------------
MID ATLANTIC MED SVCS 41 59523C107 327,112.50 33,100
- --------------------------------------------------------------------------------------------------------------------
MIDAMERICA ENERGY HLDGS CO NEW 41 59562V107 885,000.00 11,300
- --------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RESOURCES 41 59563W104 987,500.00 3,900
- --------------------------------------------------------------------------------------------------------------------
MILLENNIUM PHARMACEUTICALS 41 599902103 2,320,500.00 9,500
- --------------------------------------------------------------------------------------------------------------------
MILLER HERMAN INC 41 600544100 71,718.75 31,000
- --------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP 41 601073109 4,740,387.50 55,200
- --------------------------------------------------------------------------------------------------------------------
MINIMED INC 41 60365K108 18,353,100.00 22,400
- --------------------------------------------------------------------------------------------------------------------
MIRAGE RESORTS INC 41 60462E104 133,593.75 160,400
- --------------------------------------------------------------------------------------------------------------------
MISSION CRITICAL SOFTWARE INC 41 605047109 2,825,750.00 37,500
- --------------------------------------------------------------------------------------------------------------------
MITSUBISHI HVY IND 41 JP3900000005 23,898,108.48 73,800
- --------------------------------------------------------------------------------------------------------------------
MOBIL CORP 41 607059102 4,412,850.00 48,300
- --------------------------------------------------------------------------------------------------------------------
MOBILE MINI INC 41 60740F105 5,497,187.50 23,655
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
LOWES COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
LUMINANT WORLWIDE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
LYONDELL CHEMICAL CO X X
- --------------------------------------------------------------------------------------------------------------------------------
M + T BK CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MACROMEDIA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MAKER COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MANDALAY RESORT GROUP X X
- --------------------------------------------------------------------------------------------------------------------------------
MANOR CARE INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
MARKS + SPENCER X X
- --------------------------------------------------------------------------------------------------------------------------------
MARSH + MCLENNAN COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MARSHALL + ILSLEY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MASSALIN PARTICUL X X
- --------------------------------------------------------------------------------------------------------------------------------
MATSUSHITA ELC IND X X
- --------------------------------------------------------------------------------------------------------------------------------
MATTEL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MAXIM INTEGRATED PRODS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO X X
- --------------------------------------------------------------------------------------------------------------------------------
MBIA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MCDONALDS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MCI WORLDCOM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MEDIMMUNE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MELLON BK CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANKSHARES CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MERCK + CO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MERCURY GEN CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
MERCURY INTERACTIVE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH + CO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
METRIS COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MEXICO(UTD MEX ST) X X
- --------------------------------------------------------------------------------------------------------------------------------
MICHAELS STORES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MICHELIN(CGDE) X X
- --------------------------------------------------------------------------------------------------------------------------------
MICREL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MICROCHIP TECHNOLOGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MICROMUSE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MID ATLANTIC MED SVCS X X
- --------------------------------------------------------------------------------------------------------------------------------
MIDAMERICA ENERGY HLDGS CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
MIDCOAST ENERGY RESOURCES X X
- --------------------------------------------------------------------------------------------------------------------------------
MILLENNIUM PHARMACEUTICALS X X
- --------------------------------------------------------------------------------------------------------------------------------
MILLER HERMAN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MINIMED INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MIRAGE RESORTS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MISSION CRITICAL SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MITSUBISHI HVY IND X X
- --------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MOBILE MINI INC X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 10
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
MONSANTO CO 41 611662107 660,218.75 2,000
- --------------------------------------------------------------------------------------------------------------------
MONTANA PWR CO 41 612085100 1,387,950.00 67,700
- --------------------------------------------------------------------------------------------------------------------
MORGAN J P + CO INC 41 616880100 1,028,250.00 1,200
- --------------------------------------------------------------------------------------------------------------------
MOTOROLA INC 41 620076109 4,391,200.00 164,200
- --------------------------------------------------------------------------------------------------------------------
MTI TECHNOLOGY CORP 41 553903105 634,218.75 11,100
- --------------------------------------------------------------------------------------------------------------------
MUNCHENER RUCKVERS 41 DE0008430026 9,285,107.77 28,500
- --------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP 41 626717102 1,373,187.50 1,500,000
- --------------------------------------------------------------------------------------------------------------------
NABISCO HLDGS CORP 41 629526104 51,843.75 49,900
- --------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES INC 41 629568106 700,000.00 403,300
- --------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP 41 635405103 491,050.00 188,100
- --------------------------------------------------------------------------------------------------------------------
NATIONAL COMM BANCORP 41 635449101 65,906.25 11,000
- --------------------------------------------------------------------------------------------------------------------
NATIONAL INFORMATION CONSORTM 41 636491102 3,495,750.00 119,500
- --------------------------------------------------------------------------------------------------------------------
NATIONAL OILWELL INC 41 637071101 4,219,506.25 70,200
- --------------------------------------------------------------------------------------------------------------------
NATIONAL POWER 41 GB0006320161 20,152,743.64 120,600
- --------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR CORP 41 637640103 4,703,100.00 36,600
- --------------------------------------------------------------------------------------------------------------------
NEBCO EVANS HLDG CO 42 639515402 2,168,574.50 30,000
- --------------------------------------------------------------------------------------------------------------------
NET IQ CORP 41 64115P102 1,244,250.00 50,000
- --------------------------------------------------------------------------------------------------------------------
NETSCOUT SYS INC 41 64115T104 3,138,450.00 35,700
- --------------------------------------------------------------------------------------------------------------------
NETWORK APPLIANCE INC 41 64120L104 379,612.50 3,000
- --------------------------------------------------------------------------------------------------------------------
NETWORKS ASSOCS INC 41 640938106 175,950.00 126,200
- --------------------------------------------------------------------------------------------------------------------
NEW YORK TIMES CO 41 650111107 221,250.00 186,800
- --------------------------------------------------------------------------------------------------------------------
NEWS CORP LTD 43 652487703 853,125.00 9,500
- --------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS INC 41 65332V103 4,245,062.50 63,500
- --------------------------------------------------------------------------------------------------------------------
NFRONT INC 41 65334N109 1,339,450.00 6,224,000
- --------------------------------------------------------------------------------------------------------------------
NIELSEN MEDIA RESH INC 41 653929307 2,807,656.25 43,800
- --------------------------------------------------------------------------------------------------------------------
NIKE INC 41 654106103 1,325,187.50 251,300
- --------------------------------------------------------------------------------------------------------------------
NIPPON MITSUB OIL 41 JP3724200005 7,497,508.96 18,500
- --------------------------------------------------------------------------------------------------------------------
NISOURCE INC 41 65473P105 103,987.50 45,600
- --------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING CORP 41 655042109 2,180,937.50 9,000
- --------------------------------------------------------------------------------------------------------------------
NORDSTROM INC 41 655664100 126,900.00 49,900
- --------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHN CORP 41 655844108 240,100.00 27,500
- --------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS CORP 41 656569100 2,157,300.00 46,000
- --------------------------------------------------------------------------------------------------------------------
NORTH ATLANTIC TRADING INC 42 657337408 13,960,256.69 25,400
- --------------------------------------------------------------------------------------------------------------------
NORTH FORK BANCORPORATION INC 41 659424105 73,710.00 1,500
- --------------------------------------------------------------------------------------------------------------------
NORTHEAST UTILS 41 664397106 90,037.50 28,000
- --------------------------------------------------------------------------------------------------------------------
NORTHERN STS PWR CO MN 41 665772109 269,531.25 18,400
- --------------------------------------------------------------------------------------------------------------------
NORTHWEST AIRLS CORP 41 667280101 45,900.00 3,000
- --------------------------------------------------------------------------------------------------------------------
NOVELLUS SYS INC 41 670008101 3,176,306.25 141,600
- --------------------------------------------------------------------------------------------------------------------
NUR MACROPRINTERS LTD 41 M75165106 3,867,943.75 256,700
- --------------------------------------------------------------------------------------------------------------------
OIL CO LUKOIL 43 677862104 201,280.00 2,588,000
- --------------------------------------------------------------------------------------------------------------------
OPTICAL COATING LAB INC 41 683829105 13,109,700.00 154,200
- --------------------------------------------------------------------------------------------------------------------
ORACLE CORP 41 68389X105 4,145,050.00 59,413
- --------------------------------------------------------------------------------------------------------------------
OTE (HELLENIC TLCM) 41 GRS260333000 419,634.77 42,000
- --------------------------------------------------------------------------------------------------------------------
OWENS CORNING 41 69073F103 10,843.75 146,400
- --------------------------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC 41 691471106 2,978,750.00 5,300
- --------------------------------------------------------------------------------------------------------------------
P P + L RES INC 41 693499105 162,375.00 9,200
- --------------------------------------------------------------------------------------------------------------------
PACCAR INC 41 693718108 183,150.00 5,900
- --------------------------------------------------------------------------------------------------------------------
PACIFIC CENTY FINL CORP 41 694058108 8,175.00 30,000
- --------------------------------------------------------------------------------------------------------------------
PACIFIC SUNWEAR OF CALIF 41 694873100 4,333,631.24 62,600
- --------------------------------------------------------------------------------------------------------------------
PACIFIC + ORIENT 41 MY0008969135 281,252.63 120,400
- --------------------------------------------------------------------------------------------------------------------
PACIFICARE HEALTH SYSTEMS 41 695112102 60,550.00 75,500
- --------------------------------------------------------------------------------------------------------------------
PACKETEER INC 41 695210104 1,846,187.50 23,300
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
MONSANTO CO X X
- --------------------------------------------------------------------------------------------------------------------------------
MONTANA PWR CO X X
- --------------------------------------------------------------------------------------------------------------------------------
MORGAN J P + CO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MOTOROLA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
MTI TECHNOLOGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
MUNCHENER RUCKVERS X X
- --------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NABISCO HLDGS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMM BANCORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL INFORMATION CONSORTM X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL OILWELL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL POWER X X
- --------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NEBCO EVANS HLDG CO X X
- --------------------------------------------------------------------------------------------------------------------------------
NET IQ CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NETSCOUT SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NETWORK APPLIANCE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NETWORKS ASSOCS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NEW YORK TIMES CO X X
- --------------------------------------------------------------------------------------------------------------------------------
NEWS CORP LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NFRONT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NIELSEN MEDIA RESH INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NIKE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NIPPON MITSUB OIL X X
- --------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTH ATLANTIC TRADING INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTH FORK BANCORPORATION INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTILS X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTHERN STS PWR CO MN X X
- --------------------------------------------------------------------------------------------------------------------------------
NORTHWEST AIRLS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
NOVELLUS SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
NUR MACROPRINTERS LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
OIL CO LUKOIL X X
- --------------------------------------------------------------------------------------------------------------------------------
OPTICAL COATING LAB INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ORACLE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
OTE (HELLENIC TLCM) X X
- --------------------------------------------------------------------------------------------------------------------------------
OWENS CORNING X X
- --------------------------------------------------------------------------------------------------------------------------------
OXFORD HEALTH PLANS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
P P + L RES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PACCAR INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PACIFIC CENTY FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PACIFIC SUNWEAR OF CALIF X X
- --------------------------------------------------------------------------------------------------------------------------------
PACIFIC + ORIENT X X
- --------------------------------------------------------------------------------------------------------------------------------
PACIFICARE HEALTH SYSTEMS X X
- --------------------------------------------------------------------------------------------------------------------------------
PACKETEER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 11
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
PAGING BRAZIL HLDGS CO LLC 41 69554T101 0.00 1,832,000
- --------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC 41 695629105 1,801,625.00 4,700
- --------------------------------------------------------------------------------------------------------------------
PANAMERICAN BEVERAGES INC 41 P74823108 199,578.12 99,700
- --------------------------------------------------------------------------------------------------------------------
PARADYNE CORP 41 69911G107 929,600.00 4,700
- --------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO 41 701081101 133,125.00 9,800
- --------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP 41 701094104 219,581.25 42,300
- --------------------------------------------------------------------------------------------------------------------
PARKWAY PROPERTIES INC 41 70159Q104 790,125.00 803,130
- --------------------------------------------------------------------------------------------------------------------
PATHOGENSIS CORP 41 70321E104 3,030,412.50 3,780
- --------------------------------------------------------------------------------------------------------------------
PATTERSON ENERGYINC 41 703414102 2,950,931.25 4,900
- --------------------------------------------------------------------------------------------------------------------
PAXON COMMUNICATIONS CORP 42 704231505 3,189,900.00 12,500
- --------------------------------------------------------------------------------------------------------------------
PAXSON COMMUNICATIONS CORP 42 704231208 11,168,280.00 1,800
- --------------------------------------------------------------------------------------------------------------------
PDS FINL CORP 41 69329T105 370,464.06 47,100
- --------------------------------------------------------------------------------------------------------------------
PE CORP 41 69332S102 79,475.00 487,300
- --------------------------------------------------------------------------------------------------------------------
PENNEY J C INC 41 708160106 281,875.00 82,072
- --------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP 41 711147108 36,076.25 7,400
- --------------------------------------------------------------------------------------------------------------------
PEPSICO INC 41 713448108 1,249,325.00 5,000
- --------------------------------------------------------------------------------------------------------------------
PERSISTENCE SOFTWARE INC 41 715329108 3,179,006.25 142,400
- --------------------------------------------------------------------------------------------------------------------
PETROLEO BRASILEIRO SA PETRO 43 71654V101 20,404,729.65 91,100
- --------------------------------------------------------------------------------------------------------------------
PETRON CORP 41 PHY6885F1067 134,828.36 18,000
- --------------------------------------------------------------------------------------------------------------------
PFIZER INC 41 717081103 2,813,906.25 500
- --------------------------------------------------------------------------------------------------------------------
PG+E CORP 41 69331C108 380,362.50 238,300
- --------------------------------------------------------------------------------------------------------------------
PHARMACIA + UPJOHN INC 41 716941109 655,050.00 6,000
- --------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC 41 718154107 2,321,331.25 3,600
- --------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO 41 718507106 336,375.00 400
- --------------------------------------------------------------------------------------------------------------------
PHONE COM INC 41 71920Q100 3,242,100.00 154,600
- --------------------------------------------------------------------------------------------------------------------
PINNACLE WEST CAP CORP 41 723484101 112,762.50 347,000
- --------------------------------------------------------------------------------------------------------------------
PMC SIERRA INC 41 69344F106 10,156,500.00 1,400
- --------------------------------------------------------------------------------------------------------------------
PNC BK CORP 41 693475105 474,187.50 82,500
- --------------------------------------------------------------------------------------------------------------------
POLARIS INDUSTRIES INC 41 731068102 318,550.00 54,200
- --------------------------------------------------------------------------------------------------------------------
POLYMEDICA CORP 41 731738100 792,825.00 2,000
- --------------------------------------------------------------------------------------------------------------------
PORTAL SOFTWARE INC 41 736126103 1,228,375.00 49,700
- --------------------------------------------------------------------------------------------------------------------
PORTUGAL TELECOM 41 PTPTC0AM0009 10,655,781.34 12,050
- --------------------------------------------------------------------------------------------------------------------
POST PROPERTIES INC 41 737464107 762,662.50 33,200
- --------------------------------------------------------------------------------------------------------------------
POWER INTEGRATIONS 41 739276103 8,365,400.00 30,000
- --------------------------------------------------------------------------------------------------------------------
POWERWAVE TECHNOLOGIES INC 41 739363109 7,107,443.75 4,900
- --------------------------------------------------------------------------------------------------------------------
PPG INDS INC 41 693506107 66,000.00 24,500
- --------------------------------------------------------------------------------------------------------------------
PRAXAIR INC 41 74005P104 335,800.00 197,100
- --------------------------------------------------------------------------------------------------------------------
PRECISION DRILLING CORP 41 74022D100 484,618.75 194,300
- --------------------------------------------------------------------------------------------------------------------
PRI AUTOMATION INC 41 69357H106 2,362,575.00 29,400
- --------------------------------------------------------------------------------------------------------------------
PRIMEDIA INC 42 74157K887 955,000.00 103,410
- --------------------------------------------------------------------------------------------------------------------
PRIMUS KNOWLEDGE SOLUTIONS INC 41 74163Q100 3,508,706.25 169,355
- --------------------------------------------------------------------------------------------------------------------
PROCTER + GAMBLE CO 41 742718109 3,440,625.00 1,100
- --------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINL CORP 41 74406A102 902,737.50 8,200
- --------------------------------------------------------------------------------------------------------------------
PROXICOM INC 41 744282104 4,884,750.00 2,170
- --------------------------------------------------------------------------------------------------------------------
P.F. CHANG'S CHINA BISTRO 41 69333Y108 681,187.50 41,300
- --------------------------------------------------------------------------------------------------------------------
QLOGIC CORP 41 747277101 19,423,625.00 111,300
- --------------------------------------------------------------------------------------------------------------------
QLT PHOTOTHERAPEUTICS 41 746927102 1,070,125.00 1,323,530
- --------------------------------------------------------------------------------------------------------------------
QUALCOMM INC 41 747525103 4,162,125.00 1,490,400
- --------------------------------------------------------------------------------------------------------------------
QUANTUM CORP 41 747906204 61,593.75 78,300
- --------------------------------------------------------------------------------------------------------------------
QUEST SOFTWARE INC 41 74834T103 93,000.00 14,700
- --------------------------------------------------------------------------------------------------------------------
QUILMES INDL QUINSA SOCIETE AN 43 74838Y108 143,437.50 13,200
- --------------------------------------------------------------------------------------------------------------------
QUINENCO SA 43 748718103 281,475.00 67,900
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
PAGING BRAZIL HLDGS CO LLC X X
- --------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PANAMERICAN BEVERAGES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PARADYNE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO X X
- --------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PARKWAY PROPERTIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PATHOGENSIS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PATTERSON ENERGYINC X X
- --------------------------------------------------------------------------------------------------------------------------------
PAXON COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PAXSON COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PDS FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP X X
- --------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PERSISTENCE SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PETROLEO BRASILEIRO SA PETRO X X
- --------------------------------------------------------------------------------------------------------------------------------
PETRON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PFIZER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PG+E CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PHARMACIA + UPJOHN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO X X
- --------------------------------------------------------------------------------------------------------------------------------
PHONE COM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PINNACLE WEST CAP CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PMC SIERRA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
POLARIS INDUSTRIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
POLYMEDICA CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PORTAL SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PORTUGAL TELECOM X X
- --------------------------------------------------------------------------------------------------------------------------------
POST PROPERTIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
POWER INTEGRATIONS X X
- --------------------------------------------------------------------------------------------------------------------------------
POWERWAVE TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PPG INDS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PRECISION DRILLING CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PRI AUTOMATION INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PRIMEDIA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PRIMUS KNOWLEDGE SOLUTIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
PROCTER + GAMBLE CO X X
- --------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
PROXICOM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
P.F. CHANG'S CHINA BISTRO X X
- --------------------------------------------------------------------------------------------------------------------------------
QLOGIC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
QLT PHOTOTHERAPEUTICS X X
- --------------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
QUANTUM CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
QUEST SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
QUILMES INDL QUINSA SOCIETE AN X X
- --------------------------------------------------------------------------------------------------------------------------------
QUINENCO SA X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 12
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
QUOTESMITH COM INC 41 749117107 1,137,862.50 6,900
- --------------------------------------------------------------------------------------------------------------------
R + B FALCON CORP 41 74912E101 69,562.50 21,400
- --------------------------------------------------------------------------------------------------------------------
RADIO ONE INC 41 75040P108 4,419,750.00 3,100
- --------------------------------------------------------------------------------------------------------------------
RADWARE LTD 41 M81873107 55,000.00 14,000
- --------------------------------------------------------------------------------------------------------------------
RALSTON PURINA CO 41 751277302 200,250.00 109,800
- --------------------------------------------------------------------------------------------------------------------
RAMP NETWORKS INC 41 751567108 6,666,000.00 9,000
- --------------------------------------------------------------------------------------------------------------------
RATIONAL SOFTWARE CORP 41 75409P202 2,354,212.50 9,000
- --------------------------------------------------------------------------------------------------------------------
RAVISENT TECHNOLOGIES INC 41 754440105 803,562.50 9,200
- --------------------------------------------------------------------------------------------------------------------
RAYTHEON CO 41 755111408 911,112.50 34,100
- --------------------------------------------------------------------------------------------------------------------
RCN CORP 41 749361101 1,697,400.00 31,700
- --------------------------------------------------------------------------------------------------------------------
READERS DIGEST ASSN INC 41 755267101 906,750.00 256,253
- --------------------------------------------------------------------------------------------------------------------
REAL NETWORKS INC 41 75605L104 1,578,893.75 19,400
- --------------------------------------------------------------------------------------------------------------------
RECKITT + COLMAN 41 GB0007278715 18,068,502.51 120,800
- --------------------------------------------------------------------------------------------------------------------
REDBACK NETWORKS INC 41 757209101 6,739,200.00 147,400
- --------------------------------------------------------------------------------------------------------------------
REGIONS FINL CORP 41 758940100 201,000.00 1,100
- --------------------------------------------------------------------------------------------------------------------
RELIANT ENERGY INC 41 75952J108 278,743.75 7,300
- --------------------------------------------------------------------------------------------------------------------
RESORTS WORLD BHD 41 MY0008783668 446,447.37 20,900
- --------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO 41 761763101 344,137.50 65,400
- --------------------------------------------------------------------------------------------------------------------
RF MICRO DEVICES INC 41 749941100 9,012,750.00 10,000
- --------------------------------------------------------------------------------------------------------------------
RFM CORP 41 PHY727881211 377,050.10 127,300
- --------------------------------------------------------------------------------------------------------------------
ROHM + HAAS CO 41 775371107 491,300.00 36,700
- --------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETE CO 43 780257804 3,449,250.00 11,400
- --------------------------------------------------------------------------------------------------------------------
ROYAL+SUN ALLIANCE 41 GB0006616899 13,301,979.49 83,500
- --------------------------------------------------------------------------------------------------------------------
RYDER SYS INC 41 783549108 24,450.00 31,500
- --------------------------------------------------------------------------------------------------------------------
SAFECO CORP 41 786429100 137,200.00 278,000
- --------------------------------------------------------------------------------------------------------------------
SAFEWAY 41 GB0000492412 6,405,293.35 14,000
- --------------------------------------------------------------------------------------------------------------------
SAFEWAY INC 41 786514208 1,625,268.75 22,000
- --------------------------------------------------------------------------------------------------------------------
SALEM COMMUNICATIONS CORP 41 794093104 1,275,000.00 4,380
- --------------------------------------------------------------------------------------------------------------------
SALESLOGGIX CORP 41 79466P105 2,542,000.00 2,000
- --------------------------------------------------------------------------------------------------------------------
SANDISK CORP 41 80004C101 6,753,425.00 15,000
- --------------------------------------------------------------------------------------------------------------------
SANTA FE INTERNATIONAL CORP 41 G7805C108 349,312.50 27,800
- --------------------------------------------------------------------------------------------------------------------
SAPIENT CORP 41 803062108 7,238,400.00 159,700
- --------------------------------------------------------------------------------------------------------------------
SARA LEE CORP 41 803111103 597,656.25 5,300
- --------------------------------------------------------------------------------------------------------------------
SASOL 41 ZAE000006896 215,510.20 106,500
- --------------------------------------------------------------------------------------------------------------------
SASOL LTD 43 803866300 54,250.00 2,000
- --------------------------------------------------------------------------------------------------------------------
SAWTEK INC 41 805468105 7,227,500.00 7,200
- --------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC 41 78387G103 3,278,212.50 303,000
- --------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP 41 806605101 1,723,187.50 80,400
- --------------------------------------------------------------------------------------------------------------------
SCHWAB CHARLES CORP 41 808513105 1,573,206.25 55,900
- --------------------------------------------------------------------------------------------------------------------
SDL INC 41 784076101 8,356,218.75 18,700
- --------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY 41 811804103 172,550.00 41,400
- --------------------------------------------------------------------------------------------------------------------
SEAGRAM LTD 41 811850106 1,865,500.00 31,000
- --------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK + CO 41 812387108 420,425.00 15,100
- --------------------------------------------------------------------------------------------------------------------
SEMTECH CORP 41 816850101 16,539,850.00 1,455,600
- --------------------------------------------------------------------------------------------------------------------
SERENA SOFTWARE INC 41 817492101 1,282,662.50 62,400
- --------------------------------------------------------------------------------------------------------------------
SERVICE CORP INTL 41 817565104 133,087.50 6,700
- --------------------------------------------------------------------------------------------------------------------
SHANDONG HUANENG PWR DEV LTD 43 819419102 304,062.50 10,300
- --------------------------------------------------------------------------------------------------------------------
SHANGRI LA ASIA LTD 41 BMG8063F1068 290,065.53 195,000
- --------------------------------------------------------------------------------------------------------------------
SHAW GROUP INC 41 820280105 910,962.50 5,700
- --------------------------------------------------------------------------------------------------------------------
SHAW INDUSTRIES INC 41 820286102 630,237.50 197,000
- --------------------------------------------------------------------------------------------------------------------
SIEBEL SYS INC 41 826170102 4,070,787.50 3,246,600
- --------------------------------------------------------------------------------------------------------------------
SIERRA PACIFIC RESOURCES HOLDING CO 41 826428104 818,800.00 13,600
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
QUOTESMITH COM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
R + B FALCON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
RADIO ONE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RADWARE LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA CO X X
- --------------------------------------------------------------------------------------------------------------------------------
RAMP NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RATIONAL SOFTWARE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
RAVISENT TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CO X X
- --------------------------------------------------------------------------------------------------------------------------------
RCN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST ASSN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
REAL NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RECKITT + COLMAN X X
- --------------------------------------------------------------------------------------------------------------------------------
REDBACK NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
REGIONS FINL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
RELIANT ENERGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RESORTS WORLD BHD X X
- --------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
RF MICRO DEVICES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
RFM CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
ROHM + HAAS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETE CO X X
- --------------------------------------------------------------------------------------------------------------------------------
ROYAL+SUN ALLIANCE X X
- --------------------------------------------------------------------------------------------------------------------------------
RYDER SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SAFECO CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SAFEWAY X X
- --------------------------------------------------------------------------------------------------------------------------------
SAFEWAY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SALEM COMMUNICATIONS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SALESLOGGIX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SANDISK CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SANTA FE INTERNATIONAL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SAPIENT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SARA LEE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SASOL X X
- --------------------------------------------------------------------------------------------------------------------------------
SASOL LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
SAWTEK INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SCHWAB CHARLES CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SDL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY X X
- --------------------------------------------------------------------------------------------------------------------------------
SEAGRAM LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK + CO X X
- --------------------------------------------------------------------------------------------------------------------------------
SEMTECH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SERENA SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SERVICE CORP INTL X X
- --------------------------------------------------------------------------------------------------------------------------------
SHANDONG HUANENG PWR DEV LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
SHANGRI LA ASIA LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
SHAW GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SHAW INDUSTRIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SIEBEL SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SIERRA PACIFIC RESOURCES HOLDING CO X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 13
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
SILVERLEAF RESORTS INC 41 828395103 129,937.50 1,262
- --------------------------------------------------------------------------------------------------------------------
SMITH INTL INC 41 832110100 7,144,200.00 58,400
- --------------------------------------------------------------------------------------------------------------------
SMURFIT STONE CONTAINER CORP 41 832727101 5,602,821.25 1,672,863
- --------------------------------------------------------------------------------------------------------------------
SOFTWARE COM INC 41 83402P104 3,262,787.50 1,200
- --------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP 41 834182107 2,973,037.50 2,450
- --------------------------------------------------------------------------------------------------------------------
SOLID GROUP INC 41 PHY8070V1027 424,341.25 4,900
- --------------------------------------------------------------------------------------------------------------------
SOLUTIA INC 41 834376105 128,700.00 1,764,500
- --------------------------------------------------------------------------------------------------------------------
SONIC CORP 41 835451105 800,506.25 42,700
- --------------------------------------------------------------------------------------------------------------------
SOUTH AFRICAN BREW 41 GB0004835483 7,920,203.88 50,000
- --------------------------------------------------------------------------------------------------------------------
SOUTHEAST ASIA CEM 41 PHY8078Q1059 214,816.62 127,100
- --------------------------------------------------------------------------------------------------------------------
SOUTHERN CO 41 842587107 387,795.00 103,600
- --------------------------------------------------------------------------------------------------------------------
SOUTHTRUST CORP 41 844730101 186,550.00 16,200
- --------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLS CO 41 844741108 192,881.25 76,800
- --------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP INC 41 845905108 39,648.75 25,500
- --------------------------------------------------------------------------------------------------------------------
SPANISH BROADCASTING SYS INC 41 846425106 3,315,000.00 28,000
- --------------------------------------------------------------------------------------------------------------------
SPECTRIAN CORP 41 847608106 937,425.00 7,000
- --------------------------------------------------------------------------------------------------------------------
SPINNAKER EXPL CO 41 84855W109 3,575,000.00 206,500
- --------------------------------------------------------------------------------------------------------------------
ST JUDE MED INC 41 790849103 85,050.00 64,200
- --------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC 41 792860108 214,500.00 39,500
- --------------------------------------------------------------------------------------------------------------------
STAMPS COM INC 41 852857101 795,775.00 46,700
- --------------------------------------------------------------------------------------------------------------------
STANCORP FINANCIAL GROUP INC 41 852891100 1,244,050.00 109,500
- --------------------------------------------------------------------------------------------------------------------
STAPLES INC 41 855030102 6,633,181.25 86,400
- --------------------------------------------------------------------------------------------------------------------
STEINER LEISURE LTD 41 P8744Y102 332,500.00 5,600
- --------------------------------------------------------------------------------------------------------------------
STEWART AND STEVENSON SERVICES INC 41 860342104 578,812.50 41,000
- --------------------------------------------------------------------------------------------------------------------
STONE ENERGY CORP 41 861642106 4,119,412.50 13,400
- --------------------------------------------------------------------------------------------------------------------
STRYKER CORP 41 863667101 30,675.00 451,600
- --------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP 41 866005101 188,137.50 74,900
- --------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC 41 866810104 1,887,900.00 12,600
- --------------------------------------------------------------------------------------------------------------------
SUNOCO INC 41 86764P109 1,752,000.00 69,500
- --------------------------------------------------------------------------------------------------------------------
SUNTRUST BKS INC 41 867914103 637,775.00 262,000
- --------------------------------------------------------------------------------------------------------------------
SUPERIOR NATL CAP TR 1 42 868223405 3,952,500.00 40,600
- --------------------------------------------------------------------------------------------------------------------
SUPERMARKETS GEN HLDGS CORP 42 868446204 5,692,500.00 39,700
- --------------------------------------------------------------------------------------------------------------------
SWIRE PACIFIC 41 HK0019000162 20,797,384.11 13,000
- --------------------------------------------------------------------------------------------------------------------
SWISSCOM AG 41 CH0008742519 10,222,802.00 61,100
- --------------------------------------------------------------------------------------------------------------------
SYMANTEC CORP 41 871503108 21,581.25 36,800
- --------------------------------------------------------------------------------------------------------------------
SYMBOL TECHNOLOGIES INC 41 871508107 164,762.50 21,000
- --------------------------------------------------------------------------------------------------------------------
T HQ INC 41 872443403 2,139,000.00 176,400
- --------------------------------------------------------------------------------------------------------------------
TAIWAN SEMICNDCTR MFG CO LTD 43 874039100 7,021,324.50 259,090
- --------------------------------------------------------------------------------------------------------------------
TALBOTS INC 41 874161102 479,556.25 76,100
- --------------------------------------------------------------------------------------------------------------------
TANDY CORP 41 875382103 4,930,987.50 41,400
- --------------------------------------------------------------------------------------------------------------------
TCF FINANCIAL CORP 41 872275102 74,262.50 14,708,100
- --------------------------------------------------------------------------------------------------------------------
TCR HOLDINGS 42 871993945 114,128.00 7,200
- --------------------------------------------------------------------------------------------------------------------
TD WATERHOUSE GROUP INC 41 872362108 159,131.25 26,300
- --------------------------------------------------------------------------------------------------------------------
TECO ENERGY INC 41 872375100 101,400.00 1,250,000
- --------------------------------------------------------------------------------------------------------------------
TELE CELULAR SUL PARTICIPACOES 43 879238103 77,567.99 937,800
- --------------------------------------------------------------------------------------------------------------------
TELE CENTRO OESTE CELULAR PART 43 87923P105 45,225.56 20,432,559
- --------------------------------------------------------------------------------------------------------------------
TELE CENTRO SUL PARTICIPACOES 43 879239101 558,996.00 15,060
- --------------------------------------------------------------------------------------------------------------------
TELE NORDESTE CELULAR PARTICIP 43 87924W109 46,592.00 5,200
- --------------------------------------------------------------------------------------------------------------------
TELE NORTE CELULAR PARTICIPACO 43 87924Y105 23,313.00 12,700
- --------------------------------------------------------------------------------------------------------------------
TELE NORTE LESTE PARTICIPACOES 43 879246106 679,830.00 4,360
- --------------------------------------------------------------------------------------------------------------------
TELECOM ARGENTINA STET FRANCE 43 879273209 371,756.87 5,100
- --------------------------------------------------------------------------------------------------------------------
TELECOM CORP OF NZ 41 NZTELE0001S4 7,514,360.16 43,100
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
SILVERLEAF RESORTS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SMITH INTL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SMURFIT STONE CONTAINER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SOFTWARE COM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SOLID GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SOLUTIA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SONIC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SOUTH AFRICAN BREW X X
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHEAST ASIA CEM X X
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHERN CO X X
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHTRUST CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SPANISH BROADCASTING SYS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SPECTRIAN CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SPINNAKER EXPL CO X X
- --------------------------------------------------------------------------------------------------------------------------------
ST JUDE MED INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
STAMPS COM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
STANCORP FINANCIAL GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
STAPLES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
STEINER LEISURE LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
STEWART AND STEVENSON SERVICES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
STONE ENERGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
STRYKER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SUNOCO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
SUPERIOR NATL CAP TR 1 X X
- --------------------------------------------------------------------------------------------------------------------------------
SUPERMARKETS GEN HLDGS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SWIRE PACIFIC X X
- --------------------------------------------------------------------------------------------------------------------------------
SWISSCOM AG X X
- --------------------------------------------------------------------------------------------------------------------------------
SYMANTEC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
SYMBOL TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
T HQ INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TAIWAN SEMICNDCTR MFG CO LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
TALBOTS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TANDY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TCF FINANCIAL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TCR HOLDINGS X X
- --------------------------------------------------------------------------------------------------------------------------------
TD WATERHOUSE GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TECO ENERGY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE CELULAR SUL PARTICIPACOES X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE CENTRO OESTE CELULAR PART X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE CENTRO SUL PARTICIPACOES X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE NORDESTE CELULAR PARTICIP X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE NORTE CELULAR PARTICIPACO X X
- --------------------------------------------------------------------------------------------------------------------------------
TELE NORTE LESTE PARTICIPACOES X X
- --------------------------------------------------------------------------------------------------------------------------------
TELECOM ARGENTINA STET FRANCE X X
- --------------------------------------------------------------------------------------------------------------------------------
TELECOM CORP OF NZ X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 14
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------
TELECOM ITALIA SPA 41 IT0001127429 20,899,121.74 275,000
- --------------------------------------------------------------------------------------------------------------------
TELECOMUNICACOES BRASILEIRAS 43 879287308 374,843.75 2,700
- --------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ARGENTINA S A 43 879378206 520,642.50 7,800
- --------------------------------------------------------------------------------------------------------------------
TELEFONOS DE MEXICO S A 43 879403780 27,896,512.50 22,900
- --------------------------------------------------------------------------------------------------------------------
TELELESTE CELULAR PARTICIPACOE 43 87943B102 25,869.25 55,600
- --------------------------------------------------------------------------------------------------------------------
TELEMIG CELULAR PARTICIPACOES 43 87944E105 60,416.00 304,100
- --------------------------------------------------------------------------------------------------------------------
TELESP CELULAR PARTICIPACOES 43 87952L108 428,032.00 185,280
- --------------------------------------------------------------------------------------------------------------------
TELESP PARTICIPACPOES S A 43 87952K100 690,795.00 13,300
- --------------------------------------------------------------------------------------------------------------------
TELLABS INC 41 879664100 1,138,750.00 44,100
- --------------------------------------------------------------------------------------------------------------------
TELOS CORP MD 42 87969B200 308,006.62 80,900
- --------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC 41 879868107 84,700.00 600
- --------------------------------------------------------------------------------------------------------------------
TENET HEALTHCARE CORP 41 88033G100 200,212.50 5,800
- --------------------------------------------------------------------------------------------------------------------
TENNECO INC NEW 41 88037E101 107,100.00 20,300
- --------------------------------------------------------------------------------------------------------------------
TERADYNE INC 41 880770102 3,525,000.00 64,000
- --------------------------------------------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS 41 880775101 879,750.00 9,700
- --------------------------------------------------------------------------------------------------------------------
TEREX CORP NEW 47 880779137 116,000.00 42,500
- --------------------------------------------------------------------------------------------------------------------
TEXACO INC 41 881694103 4,185,187.50 165,000
- --------------------------------------------------------------------------------------------------------------------
TEXAS INSTRS INC 41 882508104 1,694,350.00 4,390,000
- --------------------------------------------------------------------------------------------------------------------
TEXAS UTILS CO 41 882848104 388,050.00 32,820
- --------------------------------------------------------------------------------------------------------------------
THE PANTRY INC 41 698657103 500,625.00 600
- --------------------------------------------------------------------------------------------------------------------
TIBCO SOFTWARE INC 41 88632Q103 1,086,384.37 4,900
- --------------------------------------------------------------------------------------------------------------------
TICKETMASTER ONLINE CITYSEARCH 41 88633P203 437,793.75 49,600
- --------------------------------------------------------------------------------------------------------------------
TIFFANY + CO NEW 41 886547108 2,445,450.00 238,011
- --------------------------------------------------------------------------------------------------------------------
TIME WARNER INC 41 887315109 1,694,925.00 10,700
- --------------------------------------------------------------------------------------------------------------------
TIME WARNER TELECOM INC 41 887319101 18,787.50 95,400
- --------------------------------------------------------------------------------------------------------------------
TIMES MIRROR CO NEW 41 887364107 223,762.50 2,600
- --------------------------------------------------------------------------------------------------------------------
TJX COS INC NEW 41 872540109 300,268.75 1,920,000
- --------------------------------------------------------------------------------------------------------------------
TLC THE LASER CTR INC 41 872934104 2,231,025.00 12,300
- --------------------------------------------------------------------------------------------------------------------
TOKIO MARINE +FIRE 41 JP3572600009 28,514,609.75 4,800
- --------------------------------------------------------------------------------------------------------------------
TOLL BROTHERS INC 41 889478103 120,093.75 4,096
- --------------------------------------------------------------------------------------------------------------------
TOMMY HILFIGER CORP 41 G8915Z102 231,137.50 13,653
- --------------------------------------------------------------------------------------------------------------------
TOO INC 41 890333107 1,956,981.25 10,072
- --------------------------------------------------------------------------------------------------------------------
TORCHMARK INC 41 891027104 142,312.50 2,048
- --------------------------------------------------------------------------------------------------------------------
TOSCO CORP 41 891490302 95,950.00 818
- --------------------------------------------------------------------------------------------------------------------
TOYOTA SOUTH AFRICA 41 ZAE000007472 268,538.11 43,860
- --------------------------------------------------------------------------------------------------------------------
TRANSCONTINENTAL 42 89399Q997 597,120.00 13,930
- --------------------------------------------------------------------------------------------------------------------
TRANSWITCH CORP 41 894065101 6,287,100.00 1,904,000
- --------------------------------------------------------------------------------------------------------------------
TRAVELERS PPTY CAS CORP 41 893939108 73,750.00 2,407,000
- --------------------------------------------------------------------------------------------------------------------
TRIAD HOSPS INC 41 89579K109 130,025.25 10,000
- --------------------------------------------------------------------------------------------------------------------
TRIMERIS INC 41 896263100 2,503,125.00 19,740
- --------------------------------------------------------------------------------------------------------------------
TRIQUINT SEMICONDUCTOR INC 41 89674K103 17,670,937.50 391,530
- --------------------------------------------------------------------------------------------------------------------
TUBOSCOPE INC 41 898600101 143,031.25 818
- --------------------------------------------------------------------------------------------------------------------
TUMBLEWEED COMMUNICATIONS 41 899690101 674,100.00 2,048
- --------------------------------------------------------------------------------------------------------------------
TWEETER HOME ENTMT GR 41 901167106 452,237.50 16,384
- --------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW 41 902124106 3,004,575.00 43,860
- --------------------------------------------------------------------------------------------------------------------
U S WEST INC NEW 41 91273H101 473,618.75 20,000
- --------------------------------------------------------------------------------------------------------------------
UBID INC 41 903469104 168,800.00 129,687
- --------------------------------------------------------------------------------------------------------------------
ULTRAMAR DIAMOND SHAMROCK 41 904000106 56,100.00 1,400
- --------------------------------------------------------------------------------------------------------------------
UNIBANCO UNIAO DE BARNCOS BRAS 43 90458E107 412,295.62 297,000
- --------------------------------------------------------------------------------------------------------------------
UNICOM CORP 41 904911104 280,725.00 6,800
- --------------------------------------------------------------------------------------------------------------------
UNILEVER N V 41 904784709 1,110,437.50 4,400
- --------------------------------------------------------------------------------------------------------------------
UNION CARBIDE CORP 41 905581104 1,920,262.50 97,200
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
TELECOM ITALIA SPA X X
- --------------------------------------------------------------------------------------------------------------------------------
TELECOMUNICACOES BRASILEIRAS X X
- --------------------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ARGENTINA S A X X
- --------------------------------------------------------------------------------------------------------------------------------
TELEFONOS DE MEXICO S A X X
- --------------------------------------------------------------------------------------------------------------------------------
TELELESTE CELULAR PARTICIPACOE X X
- --------------------------------------------------------------------------------------------------------------------------------
TELEMIG CELULAR PARTICIPACOES X X
- --------------------------------------------------------------------------------------------------------------------------------
TELESP CELULAR PARTICIPACOES X X
- --------------------------------------------------------------------------------------------------------------------------------
TELESP PARTICIPACPOES S A X X
- --------------------------------------------------------------------------------------------------------------------------------
TELLABS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TELOS CORP MD X X
- --------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TENET HEALTHCARE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TENNECO INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TERAYON COMMUNICATION SYS X X
- --------------------------------------------------------------------------------------------------------------------------------
TEREX CORP NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
TEXACO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TEXAS UTILS CO X X
- --------------------------------------------------------------------------------------------------------------------------------
THE PANTRY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TIBCO SOFTWARE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TICKETMASTER ONLINE CITYSEARCH X X
- --------------------------------------------------------------------------------------------------------------------------------
TIFFANY + CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TIME WARNER TELECOM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TIMES MIRROR CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
TJX COS INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
TLC THE LASER CTR INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TOKIO MARINE +FIRE X X
- --------------------------------------------------------------------------------------------------------------------------------
TOLL BROTHERS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TOMMY HILFIGER CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TOO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TORCHMARK INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TOSCO CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TOYOTA SOUTH AFRICA X X
- --------------------------------------------------------------------------------------------------------------------------------
TRANSCONTINENTAL X X
- --------------------------------------------------------------------------------------------------------------------------------
TRANSWITCH CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TRAVELERS PPTY CAS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
TRIAD HOSPS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TRIMERIS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TRIQUINT SEMICONDUCTOR INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TUBOSCOPE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
TUMBLEWEED COMMUNICATIONS X X
- --------------------------------------------------------------------------------------------------------------------------------
TWEETER HOME ENTMT GR X X
- --------------------------------------------------------------------------------------------------------------------------------
TYCO INTL LTD NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
U S WEST INC NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
UBID INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ULTRAMAR DIAMOND SHAMROCK X X
- --------------------------------------------------------------------------------------------------------------------------------
UNIBANCO UNIAO DE BARNCOS BRAS X X
- --------------------------------------------------------------------------------------------------------------------------------
UNICOM CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
UNILEVER N V X X
- --------------------------------------------------------------------------------------------------------------------------------
UNION CARBIDE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 15
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
UNION ELEC FENOSA 41 ES0181380017 4,452,759.40 7,287
- --------------------------------------------------------------------------------------------------------------------
UNION PAC CORP 41 907818108 326,825.00 134
- --------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP 41 908068109 179,300.00 43,700
- --------------------------------------------------------------------------------------------------------------------
UNISITE 42 909992927 6,282,036.00 3,500
- --------------------------------------------------------------------------------------------------------------------
UNITED HEALTHCARE CORP 41 910581107 2,127,643.75 28,700
- --------------------------------------------------------------------------------------------------------------------
UNITED PAN EUROPE 43 911300200 213,500.00 2,920
- --------------------------------------------------------------------------------------------------------------------
UNIVISION COMMUNICATIONS INC 41 914906102 2,335,462.50 10,300
- --------------------------------------------------------------------------------------------------------------------
UNOCAL CORP 41 915289102 108,222.50 46,000
- --------------------------------------------------------------------------------------------------------------------
UNUMPROVIDENT CORP 41 91529Y106 303,206.25 1,300
- --------------------------------------------------------------------------------------------------------------------
US AGGREGATES 41 90334D109 641,125.00 23,200
- --------------------------------------------------------------------------------------------------------------------
US AIRWAYS GROUP INC 41 911905107 34,125.00 126,100
- --------------------------------------------------------------------------------------------------------------------
US BANCORP DEL 41 902973106 700,350.00 1,400
- --------------------------------------------------------------------------------------------------------------------
US LEC CORP 41 90331S109 3,105,212.50 36,300
- --------------------------------------------------------------------------------------------------------------------
USG CORP 41 903293405 66,500.00 67,600
- --------------------------------------------------------------------------------------------------------------------
USINAS SIDERURGICAS DE MINAS 43 917302200 121,946.22 4,300
- --------------------------------------------------------------------------------------------------------------------
USWEB CORP 41 917327108 2,319,525.00 173,600
- --------------------------------------------------------------------------------------------------------------------
USX U S STL GROUP 41 90337T101 110,725.00 101,700
- --------------------------------------------------------------------------------------------------------------------
VALASSIS COMMUNICATIONS INC 41 918866104 7,627,550.00 54,000
- --------------------------------------------------------------------------------------------------------------------
VARIAN SEMICONDUCTOR EQUIP INC 41 922207105 2,142,056.25 197,120
- --------------------------------------------------------------------------------------------------------------------
VASTAR RES INC 41 922380100 3,378,375.00 15,100
- --------------------------------------------------------------------------------------------------------------------
VERIO INC 41 923433106 6,110,720.00 72,700
- --------------------------------------------------------------------------------------------------------------------
VERISIGN INC 41 92343E102 1,608,150.00 35,600
- --------------------------------------------------------------------------------------------------------------------
VERITY INC 41 92343C106 5,002,668.75 8,100
- --------------------------------------------------------------------------------------------------------------------
VIACOM INC 41 925524308 1,504,100.00 41,300
- --------------------------------------------------------------------------------------------------------------------
VIANT CORP 41 92553N107 391,837.50 40,000
- --------------------------------------------------------------------------------------------------------------------
VIGNETTE CORP 41 926734104 3,737,650.00 707,547
- --------------------------------------------------------------------------------------------------------------------
VINTAGE PETE INC 41 927460105 540,000.00 31,200
- --------------------------------------------------------------------------------------------------------------------
VIRGIN ENTERTAINMENT GRP LTD 42 99999922 472,922.61 175,500
- --------------------------------------------------------------------------------------------------------------------
VISUAL NETWORKS INC 41 928444108 1,324,050.00 49,200
- --------------------------------------------------------------------------------------------------------------------
VISX INC DEL 41 92844S105 13,880,953.11 131,400
- --------------------------------------------------------------------------------------------------------------------
VITESSE SEMICONDUCTOR CORP 41 928497106 4,200,450.00 165,900
- --------------------------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP 41 928615103 8,109,843.74 25,300
- --------------------------------------------------------------------------------------------------------------------
WAL MART STORES INC 41 931142103 7,890,618.75 108,300
- --------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO 41 934488107 1,679,287.50 18,570
- --------------------------------------------------------------------------------------------------------------------
WASHINGTON GAS LT CO 41 938837101 2,937,637.50 430
- --------------------------------------------------------------------------------------------------------------------
WASHINGTON MUT INC 41 939322103 543,172.50 34,400
- --------------------------------------------------------------------------------------------------------------------
WASHINGTON POST CO 41 939640108 219,568.75 32,000
- --------------------------------------------------------------------------------------------------------------------
WASTE CONNECTIONS INC 41 941053100 707,350.00 32,200
- --------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL 41 94106L109 616,000.00 192,400
- --------------------------------------------------------------------------------------------------------------------
WATCHGUARD TECHNOLOGIES INC 41 941105108 483,000.00 2,700
- --------------------------------------------------------------------------------------------------------------------
WATERS CORP 41 941848103 11,652,225.00 5,800
- --------------------------------------------------------------------------------------------------------------------
WATSON PHARMACEUTICALS INC 41 942683103 82,518.75 51,000
- --------------------------------------------------------------------------------------------------------------------
WELLPOINT HEALTH NETWORKS INC 41 94973H108 330,600.00 121,400
- --------------------------------------------------------------------------------------------------------------------
WELLS FARGO + CO NEW 41 949746101 2,020,875.00 30,000
- --------------------------------------------------------------------------------------------------------------------
WESTERN WIRELESS CORP 41 95988E204 5,444,031.24 14,800
- --------------------------------------------------------------------------------------------------------------------
WESTINGHOUSE AIR BRAKE CO NEW 41 960386100 545,625.00 2,900
- --------------------------------------------------------------------------------------------------------------------
WET SEAL INC 41 961840105 245,125.00 400
- --------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO 41 962166104 167,112.50 29,900
- --------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP 41 963320106 26,125.00 28,200
- --------------------------------------------------------------------------------------------------------------------
WHITTMAN HART INC 41 966834103 1,159,559.37 39,100
- --------------------------------------------------------------------------------------------------------------------
WILLIAMS COS INC 41 969457100 1,055,737.50 460
- --------------------------------------------------------------------------------------------------------------------
WILLIAMS SONOMA INC 41 969904101 1,898,793.75 1,500
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
UNION ELEC FENOSA X X
- --------------------------------------------------------------------------------------------------------------------------------
UNION PAC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
UNION PLANTERS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
UNISITE X X
- --------------------------------------------------------------------------------------------------------------------------------
UNITED HEALTHCARE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
UNITED PAN EUROPE X X
- --------------------------------------------------------------------------------------------------------------------------------
UNIVISION COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
UNUMPROVIDENT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
US AGGREGATES X X
- --------------------------------------------------------------------------------------------------------------------------------
US AIRWAYS GROUP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
US BANCORP DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
US LEC CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
USG CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
USINAS SIDERURGICAS DE MINAS X X
- --------------------------------------------------------------------------------------------------------------------------------
USWEB CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
USX U S STL GROUP X X
- --------------------------------------------------------------------------------------------------------------------------------
VALASSIS COMMUNICATIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VARIAN SEMICONDUCTOR EQUIP INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VASTAR RES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VERIO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VERISIGN INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VERITY INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VIACOM INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VIANT CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
VIGNETTE CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
VINTAGE PETE INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VIRGIN ENTERTAINMENT GRP LTD X X
- --------------------------------------------------------------------------------------------------------------------------------
VISUAL NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
VISX INC DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
VITESSE SEMICONDUCTOR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WAL MART STORES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO X X
- --------------------------------------------------------------------------------------------------------------------------------
WASHINGTON GAS LT CO X X
- --------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUT INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WASHINGTON POST CO X X
- --------------------------------------------------------------------------------------------------------------------------------
WASTE CONNECTIONS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WASTE MGMT INC DEL X X
- --------------------------------------------------------------------------------------------------------------------------------
WATCHGUARD TECHNOLOGIES INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WATERS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WATSON PHARMACEUTICALS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WELLPOINT HEALTH NETWORKS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO + CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
WESTERN WIRELESS CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WESTINGHOUSE AIR BRAKE CO NEW X X
- --------------------------------------------------------------------------------------------------------------------------------
WET SEAL INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO X X
- --------------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WHITTMAN HART INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WILLIAMS COS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
WILLIAMS SONOMA INC X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 16
<PAGE>
<TABLE>
<CAPTION>
Pilgrim Advisors, Inc. FORM 13F for September 30, 1999
- --------------------------------------------------------------------------------------------------------------------
Item 2: Item 3: Item 4: Item 5:
Item 1: Name of Issuer Title of Class Cusip Number Fair Market Value Shares of Principal Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------
WILMINGTON TR CORP 41 971807102 22,338.75 4,100
- --------------------------------------------------------------------------------------------------------------------
WISCONSIN ENERGY CORP 41 976657106 96,093.75 63,200
- --------------------------------------------------------------------------------------------------------------------
WORLD ACCESS INC 41 98141A101 707,050.00 292,909
- --------------------------------------------------------------------------------------------------------------------
XEROX CORP 41 984121103 1,539,106.25 36,700
- --------------------------------------------------------------------------------------------------------------------
XILINX INC 41 983919101 4,056,384.36 61,900
- --------------------------------------------------------------------------------------------------------------------
XOMED SURGICAL PRODS INC 41 98412V107 5,546,100.00 97,300
- --------------------------------------------------------------------------------------------------------------------
YAHOO INC 41 984332106 3,015,600.00 16,800
- --------------------------------------------------------------------------------------------------------------------
YANKEE CANDLE CO INC 41 984757104 484,743.75 25,100
- --------------------------------------------------------------------------------------------------------------------
ZIONS BANCORP 41 989701107 1,300,950.00 23,600
- --------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 6: Investment
Discretion Item 7: Item 8: Voting Authority
------------------------------------------------- (Shares)
(b) Shared- As Defined (c) Shared- Managers ------------------------------
Item 1: Name of Issuer (a) Sole in Instr.V Other See Instr.V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TR CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WISCONSIN ENERGY CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
XEROX CORP X X
- --------------------------------------------------------------------------------------------------------------------------------
XILINX INC X X
- --------------------------------------------------------------------------------------------------------------------------------
XOMED SURGICAL PRODS INC X X
- --------------------------------------------------------------------------------------------------------------------------------
YAHOO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
YANKEE CANDLE CO INC X X
- --------------------------------------------------------------------------------------------------------------------------------
ZIONS BANCORP X X
- --------------------------------------------------------------------------------------------------------------------------------
</TABLE>
Page 17
