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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one): [ ] is a restatement
[ ] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: GBU Inc.
Address: 70 East 55th Street - 12th Floor
New York, New York 10022
13F File Number: 28-3994
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: Gerald B. Unterman
Title: President
Phone: (212) 753-0700
Signature, Place, and Date of Signing:
/s/ Gerald B. Unterman New York, New York May 4, 2000
Report Type (Check only one):
[ X ] 13F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
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FORM 13F SUMMARY PAGE
Report Summary
Number of Other Included Managers: -0-
Form 13F Information Table Entry Total: 24
Form 13F Information Table Value Total: $964,231
List of Other Included Managers: None
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
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NAME OF TITLE OF CUSIP VALUE SHARES/ SH/PRN PUT/ INVSTMT OTHER VOTING VOTING VOTING
ISSUER CLASS (x$1000) PRN AMT CALL DSCRETN MANAGERS AUTHORITY AUTHORITY AUTHORITY
SOLE SHARED NONE
- --------------------------------------------------------------------------------------------------------------------------
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Advanced COM 00754U101 87,919 2,654,164 SH SOLE 2,654,164 0 0
Radio
Telecom
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America COM 02364J104 120,680 1,794,500 SH SOLE 1,794,500 0 0
Online Inc.
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AT&T Corp. COM LIB 001957208 4,783 80,730 SH SOLE 80,730 0 0
GRP A
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Calif.Fed 2nd CONT. 130209703 707 646,674 SOLE 0 0 0
Bank FSB LITIG.
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Calif. Fed. CONT. 130209604 548 350,751 SOLE 0 0 0
Bank FSB LITITG.
REC.
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Cell COM 15114R101 57,802 1,726,885 SH SOLE 1,726,885 0 0
Pathways
Inc.
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Cendant COM 151313103 47,175 2,550,000 SH SOLE 2,550,000 0 0
Corp.
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Citrix Sys SD CV ZRO 177376AA8 4,694 5,000,000 PRN SOLE 0 0 0
Inc. 144A19
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Danaher COM 235851102 47,853 938,300 SH SOLE 938,300 0 0
Corp.
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Dime COM 25429Q102 25,370 1,371,372 SH SOLE 1,371,372 0 0
Bancorp.
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Golden COM 381197102 20,549 1,375,642 SH SOLE 1,375,642 0 0
State
Bancorp
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Golden WT EX 381197136 1,806 1,375,642 WT SOLE 0 0 0
State 000000
Bancorp
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</TABLE>
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FORM 13F INFORMATION TABLE
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
NAME OF TITLE OF CUSIP VALUE SHARES/ SH/PRN PUT/ INVSTMT OTHER VOTING VOTING VOTING
ISSUER CLASS (x$1000) PRN AMT CALL DSCRETN MANAGERS AUTHORITY AUTHORITY AUTHORITY
SOLE SHARED NONE
- --------------------------------------------------------------------------------------------------------------------------
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Kmart Fing PFD TR CV 498778208 1,119 25,975 SH SOLE 25,975 0 0
7.75%
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Mediaone PFD CV 58440J203 2,871 55,220 SH SOLE 55,220 0 0
Group Inc. SER D
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MCI COM 55268B106 48,306 1,070,500 SH SOLE 1,070,500 0 0
Worldcom
Inc.
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National CAP UTS 632525309 29 1,190 SH SOLE 1,190 0 0
Australia EXCHBL
Bank Ltd.
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Nextel CLA 65332V103 153,372 1,034,986 SH SOLE 1,034,986 0 0
Commun.
Inc.
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PSI Net PFD CV 74437C309 2,387 37,300 SH SOLE 37,300 0 0
Inc. 6.75
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Qwest COM 749121109 1,989 41,000 SH SOLE 41,000 0 0
Commun.
Inc.
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Royal PFD CONV V7780T103 713 8,100 SH SOLE 8,100 0 0
Caribbean
Cruises
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Sovereign COM 845905108 10,675 1,525,000 SH SOLE 1,525,000 0 0
Bancorp.
Inc.
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Stmicro- SB LYON 861012AB8 2,743 1,665,000 PRN SOLE 0 0 0
electronics Zero 09
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US West COM 91273H101 81,086 1,116,500 SH SOLE 1,116,500 0 0
Inc.
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WinStar COM 975515107 239,055 4,051,783 SH SOLE 4,051,783 0 0
Commun.
Inc.
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</TABLE>
