UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
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: HIGHBRIDGE CAPITAL MANAGEMENT LLC
Address: 767 Fifth Avenue
New York, NY 10153
13F File Number: 28-4134
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: RONALD S. RESNICK
Title: Counsel
Phone: 212-287-4939
Signature, Place, and Date of Signing:
Ronald S. Resnick New York, New York January 04, 2000
Report Type (Check only one.):
[ X] 13F HOLDING REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
Number if other included managers: 0
Form 13F Information Table Entry Total: 219
Form 13F Information Value Total: 2726572
<PAGE>
<TABLE>
FORM 13F
INFORMATION TABLE
<CAPTION>
VALUE SHARES/ SH/
PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN
CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ --------------- --------- -------- -------- ---
- ---- ------- -------- -------- -------- --------
<C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C> <C>
ADAPTEC INC SB NT CV 4.75%0400651FAC2 5493 5100 SH
DEFINED 0 5100 0
ADT OPERATIONS LYON ZERO CPN 10000945AC9 10047 4750 SH
DEFINED 0 4750 0
ADVANCED MICRO DEVICES INC CALL 0079039D1 218 300 SH
CALL DEFINED 0 300 0
AES CORP JR SBDB CV4.5%0500130HAN5 5854 4000 SH
DEFINED 0 4000 0
AFFILIATED COMPUTER SERVICES SB NT CV 4%05008190AD2 10074 8300 SH
DEFINED 0 8300 0
AFFYMETRIX INC SB NT CV 144A 0600826TAA6 12275 8250 SH
DEFINED 0 8250 0
AGRIBRANDS INTL INC COM 00849R105 29900 650000 SH
DEFINED 0 650000 0
ALKERMES INC PFD CV EX$3.25 01642T405 20669 239036 SH
DEFINED 0 239036 0
ALPHARMA INC SB NT CV 5.75%05020813AB7 2375 2000 SH
DEFINED 0 2000 0
ALPHARMA INC SR SB NT CV 3%06020813AD3 10153 9350 SH
DEFINED 0 9350 0
ALZA CORP DEL SUB DB CONV 5%06022615AD0 1487 1410 SH
DEFINED 0 1410 0
ALZA CORP DEL SUB LYON ZERO 14022615AC2 17461 35050 SH
DEFINED 0 35050 0
AMERICA ONLINE INC DEL SUB NT CV ZRO 1902364JAC8 35340 62000 SH
DEFINED 0 62000 0
AMERICAN GEN DEL L L C MIPS SER A 02637G200 37186 396910 SH
DEFINED 0 396910 0
AMERICAN MUN INCOME PORTFOLIO COM 027649102 175 15000 SH
DEFINED 0 15000 0
AMERICAN TOWER CORP NT CV 6.25%09029912AB8 15846 11250 SH
DEFINED 0 11250 0
AMFM INC PFD CONV 7% 001693209 27435 126900 SH
DEFINED 0 126900 0
AMR CORP COM 001765106 17239 257300 SH
DEFINED 0 257300 0
ANNTAYLOR STORES CORP GTD SB DB CV 19036115AC7 3415 6375 SH
DEFINED 0 6375 0
ANTEC CORP SUB NT CV 4.5%0303664PAB1 11898 7382 SH
DEFINED 0 7382 0
APACHE CORP COM 037411105 2331 63100 SH
DEFINED 0 63100 0
ASIA PULP & PAPER LTD WT EXP 072700 04516V209 305 325666 SH
DEFINED 0 325666 0
AT HOME CORP SB NT CV 144A 06045919AD9 19028 20000 SH
DEFINED 0 20000 0
ATLANTIC COAST AIRLINES HLDGS SB NT CV 144A 04048396AA3 2618 1000 SH
DEFINED 0 1000 0
AUTONATION INC COM 05329W102 116 12500 SH
DEFINED 0 12500 0
AVADO FING I TERM CV A $3.5 05336Q205 750 30000 SH
DEFINED 0 30000 0
AVATAR HLDGS INC SUB NT CONV 7%05053494AD2 1757 2000 SH
DEFINED 0 2000 0
AVISTA CORP RECONS L 1/10S 05379B503 1408 92300 SH
DEFINED 0 92300 0
BAKER HUGHES INC SR LYON ZERO 08057224AH0 13414 19370 SH
DEFINED 0 19370 0
BANKATLANTIC BANCORP SB DB CV 6.75%06065908AB1 2034 2329 SH
DEFINED 0 2329 0
BCE INC COM 05534B109 90188 1000000 SH
DEFINED 0 1000000 0
BEA SYS INC SB NT CV 4%05073325AB8 76249 14350 SH
DEFINED 0 14350 0
BENCHMARK ELECTRS INC SUB NT CV 144A0608160HAA9 1579 2000 SH
DEFINED 0 2000 0
BJ SVCS CO WT EXP 041300 055482111 11664 215000 SH
DEFINED 0 215000 0
BLACKROCK INSD MUN 2008 TRM TR COM 09247K109 413 30000 SH
DEFINED 0 30000 0
BOGEN COMMUNICATIONS INTL INC COM 097189104 5260 725473 SH
DEFINED 0 725473 0
BROADWING INC CALL 1116209D4 161 300 SH
CALL DEFINED 0 300 0
BROADWING INC JR PFD CV 7.25 111620209 38066 115003 SH
DEFINED 0 115003 0
BROADWING INC PFD CV DEP1/20 111620407 16318 274804 SH
DEFINED 0 274804 0
BURLINGTON RES INC COM 122014103 992 30000 SH
DEFINED 0 30000 0
CABLE & WIRELESS COMMUNICATION SPONSORED ADR 12682P104 2030 29000 SH
DEFINED 0 29000 0
CANADIAN NATL RY CO PFD CV 063029 136375409 4230 100000 SH
DEFINED 0 100000 0
CBS CORP COM 12490K107 15984 250000 SH
DEFINED 0 250000 0
CEPHALON INC PFD CV EX 144A 156708307 7341 72900 SH
DEFINED 0 72900 0
CHAMPS ENTMT INC DEL COM 158787101 914 258700 SH
DEFINED 0 258700 0
CHARMING SHOPPES INC SB NT CV 7.5%06161133AA1 2608 2500 SH
DEFINED 0 2500 0
CHECKFREE HLDGS CORP SUB NT CV 144A06162816AA0 14324 9000 SH
DEFINED 0 9000 0
CHECKPOINT SYS INC SB DB CV 5.25%05162825AB9 2903 3880 SH
DEFINED 0 3880 0
CHIQUITA BRANDS INTL INC PFD A NON VTG 170032403 966 50400 SH
DEFINED 0 50400 0
CHIRON CORP SB CV ADJ 144A00170040AB5 9512 6475 SH
DEFINED 0 6475 0
CITRIX SYS INC SB DB CV ZRO 19177376AB6 16465 18400 SH
DEFINED 0 18400 0
CMS ENERGY CORP ADJ CV TR8.75% 125896308 5264 155400 SH
DEFINED 0 155400 0
CMS ENERGY CORP CALL 1258969F9 28 250 SH
CALL DEFINED 0 250 0
CNET INC SUB NT CONV 5%06125945AC9 6992 4250 SH
DEFINED 0 4250 0
COLONIAL INVT GRADE MUN TR SH BEN INT 195768106 302 35000 SH
DEFINED 0 35000 0
COLONIAL MUN INCOME TR SH BEN INT 195799101 77 14000 SH
DEFINED 0 14000 0
COMCAST CORP ZONES CV2% PCS 200300507 22189 223000 SH
DEFINED 0 223000 0
COMVERSE TECHNOLOGY INC SUB DB CV 4.5%05205862AG0 154542 45250 SH
DEFINED 0 45250 0
CONEXANT SYSTEMS INC SB NT CV 4.25%06207142AB6 65469 22210 SH
DEFINED 0 22210 0
CONOCO INC CL B 208251405 61910 2488846 SH
DEFINED 0 2488846 0
DAN RIV INC GA CL A 235774106 778 151818 SH
DEFINED 0 151818 0
DOUBLECLICK INC SB NT CV 4.75%06258609AC0 60058 19188 SH
DEFINED 0 19188 0
DREYFUS MUN INCOME INC COM 26201R102 311 44000 SH
DEFINED 0 44000 0
DREYFUS STRATEGIC MUNS INC COM 261932107 998 133000 SH
DEFINED 0 133000 0
DU PONT E I DE NEMOURS & CO CALL 2635349A9 794 500 SH
CALL DEFINED 0 500 0
DUFF & PHELPS UTILS TXFR INCM COM 264325101 242 19300 SH
DEFINED 0 19300 0
EL PASO ENERGY CAP TR I PFD CV TR SECS 283678209 14010 277200 SH
DEFINED 0 277200 0
EMC CORP SB NT CV 3.25%0226865YAA2 450886 46758 SH
DEFINED 0 46758 0
EMCOR GROUP INC SB NT CV 5.75%0529084QAC4 4409 5100 SH
DEFINED 0 5100 0
EMMIS COMMUNICATIONS CORP PFD CV SER A 291525202 11693 135350 SH
DEFINED 0 135350 0
ETOYS INC SUB NT CV 144A04297862AA2 2738 4500 SH
DEFINED 0 4500 0
FEDERATED DEPT STORES INC DEL WT D EX 121901 31410H127 7664 312579 SH
DEFINED 0 312579 0
FINOVA FIN TR TOPRS CV 9.16% 31808E207 837 16500 SH
DEFINED 0 16500 0
FLOWERS INDS INC COM 343496105 12262 769400 SH
DEFINED 0 769400 0
FOUR SEASONS HOTEL INC LYON ZERO CPN 2935100EAD6 15441 49785 SH
DEFINED 0 49785 0
GENERAL INSTR CORP DEL COM 370120107 101603 1200000 SH
DEFINED 0 1200000 0
GENZYME CORP SB NT CV 5.25%05372917AF1 20750 16300 SH
DEFINED 0 16300 0
GEORGIA PAC CORP CALL 3732989D2 128 250 SH
CALL DEFINED 0 250 0
GOLDEN ST BANCORP INC WT EXP 082100 381197128 333 49500 SH
DEFINED 0 49500 0
GOODYEAR TIRE & RUBR CO CALL 3825509B9 80 400 SH
CALL DEFINED 0 400 0
GREENWICH STR CALIF MUN FD INC COM 397009101 191 18000 SH
DEFINED 0 18000 0
HEALTHCARE RLTY TR SB DB CV 6.55%02421946AA2 274 320 SH
DEFINED 0 320 0
HEALTHSOUTH CORP SB DB CV 3.25%03421924AF8 9860 12661 SH
DEFINED 0 12661 0
HERLEY INDS INC DEL WT EXP 010500 427398128 130 40500 SH
DEFINED 0 40500 0
HILTON HOTELS CORP SUB NT CONV 5%06432848AL3 7580 10000 SH
DEFINED 0 10000 0
HOME DEPOT INC COM 437076102 1232 17975 SH
DEFINED 0 17975 0
HOMEBASE INC SB NT CV 5.25%0443738EAB4 3516 5775 SH
DEFINED 0 5775 0
HOMETOWN BUFFET INC SUB NT CONV 7%02437862AA3 2015 1974 SH
DEFINED 0 1974 0
HOUSEHOLD INTL INC CALL 4418159A7 369 500 SH
CALL DEFINED 0 500 0
HUMAN GENOME SCIENCES INC SUB NT CV 144A06444903AC2 18934 15700 SH
DEFINED 0 15700 0
HUTCHINSON TECHNOLOGY INC SB NT CV 6%05448407AC0 4513 4770 SH
DEFINED 0 4770 0
I2 TECHNOLOGIES INC SUBNTCV 144A 06465754AD1 29536 20500 SH
DEFINED 0 20500 0
IMC GLOBAL INC WT EXP 122200 449669118 54 571400 SH
DEFINED 0 571400 0
INSURED MUN INCOME FD COM 45809F104 1112 96200 SH
DEFINED 0 96200 0
INTEGRATED DEVICE TECHNOLOGY SUB NT CV 5.5%02458118AA4 2760 2500 SH
DEFINED 0 2500 0
INTERMAGNETICS GEN CORP SBDB144A 5.75%03458771AB8 1208 1500 SH
DEFINED 0 1500 0
INVESTMENT GRADE MUN INCOME FD COM 461368102 805 62800 SH
DEFINED 0 62800 0
IOMEGA CORP SB NT CV 6.75%01462030AA5 2722 2865 SH
DEFINED 0 2865 0
JACOR COMMUNUNICATIONS INC WT EXP 091801 469858138 27287 1743200 SH
DEFINED 0 1743200 0
KMART FING I PFD TRCV 7.75% 498778208 10583 242100 SH
DEFINED 0 242100 0
KULICKE & SOFFA INDS INC SUB NT CV 144A06501242AC5 12662 11500 SH
DEFINED 0 11500 0
LADISH INC COM NEW 505754200 1310 199603 SH
DEFINED 0 199603 0
LAMAR ADVERTISING CO NT CV 5.25%06512815AF8 13862 9500 SH
DEFINED 0 9500 0
LATTICE SEMICONDUCTOR CORP SUB NT CV 144A04518415AA2 9861 7500 SH
DEFINED 0 7500 0
LENNAR CORP SR DB CV ZRO 18526057AA2 3241 8315 SH
DEFINED 0 8315 0
LIMITED INC COM 532716107 23315 538300 SH
DEFINED 0 538300 0
LNR PPTY CORP COM 501940100 18696 940700 SH
DEFINED 0 940700 0
LOCAL FINL CORP COM 539553107 571 55000 SH
DEFINED 0 55000 0
LOEWS CORP COM 540424108 910 15000 SH
DEFINED 0 15000 0
LORAL SPACE & COMMUNICATIONS PFD CONV C 6% G56462149 6212 100000 SH
DEFINED 0 100000 0
LSI LOGIC CORP SB NT CV 4.25%04502161AD4 29391 13000 SH
DEFINED 0 13000 0
MANAGED MUNS PORTFOLIO II INC COM 561663105 715 78900 SH
DEFINED 0 78900 0
MANAGED MUNS PORTFOLIO INC COM 561662107 680 75000 SH
DEFINED 0 75000 0
MBNA CORP CALL 55262L9A0 140 200 SH
CALL DEFINED 0 200 0
MEDIAONE GROUP INC COM 58440J104 107538 1400011 SH
DEFINED 0 1400011 0
METAMOR WORLDWIDE INC SB NT CV 2.94%0459133PAA8 6311 7400 SH
DEFINED 0 7400 0
METROMEDIA INTL GROUP INC PFD CONV % 591695200 2775 105800 SH
DEFINED 0 105800 0
MFS MUN INCOME TR SH BEN INT 552738106 351 54000 SH
DEFINED 0 54000 0
MICRON TECHNOLOGY INC SUB NT CONV 7%04595112AB9 3835 3000 SH
DEFINED 0 3000 0
MICROSOFT CORP COM 594918104 2103 18014 SH
DEFINED 0 18014 0
MONSANTO CO ADJ CONVR RATE 611662305 3955 119400 SH
DEFINED 0 119400 0
MORGAN STANLEY DEAN WITTER INSD MUN SECS 61745P833 240 20000 SH
DEFINED 0 20000 0
MORGAN STANLEY DEAN WITTER MUN INC TR III 61745P460 601 77500 SH
DEFINED 0 77500 0
MORGAN STANLEY DEAN WITTER MUN INCM TR II 61745P478 224 27800 SH
DEFINED 0 27800 0
MORGAN STANLEY DEAN WITTER MUN INCOME III 61745P437 382 47700 SH
DEFINED 0 47700 0
MORGAN STANLEY DEAN WITTER MUN INCOME TR 61745P486 271 35000 SH
DEFINED 0 35000 0
MORGAN STANLEY DEAN WITTER QUALT MUN INCM 61745P734 249 20000 SH
DEFINED 0 20000 0
MRV COMMUNICATIONS INC SUB NT CONV 5%03553477AB6 21798 9150 SH
DEFINED 0 9150 0
MUNIASSETS FD INC COM 62618Q106 750 68200 SH
DEFINED 0 68200 0
MUNICIPAL HIGH INCOME FD INC COM 626214100 487 66100 SH
DEFINED 0 66100 0
MUNICIPAL PARTNERS FD INC COM 62622C101 821 75100 SH
DEFINED 0 75100 0
MUNIHOLDINGS INSD FD IV INC COM 62626E103 226 18200 SH
DEFINED 0 18200 0
MUNIINSURED FD INC COM 626245104 616 82800 SH
DEFINED 0 82800 0
MUNIYIELD QUALITY FD INC COM 626302103 713 63000 SH
DEFINED 0 63000 0
NATIONAL AUSTRALIA BK LTD CAP UTS EXCHBL 632525309 948 34300 SH
DEFINED 0 34300 0
NEWFIELD FINL TR I QUIPS SER A 651291205 7165 152800 SH
DEFINED 0 152800 0
NORTEL NETWORKS CORP CALL 6565699F9 5738 1000 SH
CALL DEFINED 0 1000 0
NORTH AMERN VACCINE INC SUB NT CV 6.5%03657201AC3 375 500 SH
DEFINED 0 500 0
NUVEEN CALIF MUN VALUE FD COM 67062C107 276 35100 SH
DEFINED 0 35100 0
NUVEEN INVT QUALITY MUN FD INC COM 67062E103 427 36300 SH
DEFINED 0 36300 0
NUVEEN MUN VALUE FD INC COM 670928100 591 75000 SH
DEFINED 0 75000 0
NUVEEN PERFORMANCE PLUS MUN FD COM 67062P108 465 40000 SH
DEFINED 0 40000 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 563 59300 SH
DEFINED 0 59300 0
OFFICE DEPOT INC LYON SUB ZERO 07676220AA4 4949 7606 SH
DEFINED 0 7606 0
OGDEN CORP SUDDEBCV 5.75%02676346AD1 1479 1800 SH
DEFINED 0 1800 0
OMNICARE INC SUB DEB CV 5%07681904AD0 1226 1800 SH
DEFINED 0 1800 0
OMNICOM GROUP INC SB DB CV 4.25%07681919AE6 54241 17059 SH
DEFINED 0 17059 0
ON COMMAND CORP WT B EX 100703 682160122 962 128291 SH
DEFINED 0 128291 0
ORBITAL SCIENCES CORP SB NT CV 5%02685564AC0 869 1000 SH
DEFINED 0 1000 0
OWENS ILL INC PFD CONV $.01 690768502 3233 103300 SH
DEFINED 0 103300 0
PATINA OIL & GAS CORP COM 703224105 54 17341 SH
DEFINED 0 17341 0
PATINA OIL & GAS CORP WT EXP 050201 703224113 87 138400 SH
DEFINED 0 138400 0
PERSONNEL GROUP AMER INC SB NT CV 5.75%04715338AE9 1140 1428 SH
DEFINED 0 1428 0
PETSMART INC SB NT CV 6.75%04716768AB2 7586 9440 SH
DEFINED 0 9440 0
PHILIPPINE LONG DISTANCE TEL SPONSORED GDR 718252703 594 12500 SH
DEFINED 0 12500 0
POGO TR I QUIPS SER A 73044P208 14995 294999 SH
DEFINED 0 294999 0
POTOMAC ELEC PWR CO DEB CONV 5%02737679BT6 3661 3900 SH
DEFINED 0 3900 0
PROTECTIVE LIFE CORP CALL 7436749G0 65 200 SH
CALL DEFINED 0 200 0
PSINET INC PFD C CV 6 3/4 74437C309 7528 131000 SH
DEFINED 0 131000 0
PUTNAM HIGH YIELD MUN TR SH BEN INT 746781103 123 17400 SH
DEFINED 0 17400 0
PUTNAM INVT GRADE MUN TR II SH BEN INT 746806108 312 29700 SH
DEFINED 0 29700 0
PUTNAM INVT GRADE MUN TR III SH BEN INT 746807106 380 37500 SH
DEFINED 0 37500 0
PUTNAM TAX FREE HEALTH CARE FD SH BEN INT 746920107 663 59600 SH
DEFINED 0 59600 0
QUANTUM CORP SUB NT CONV 7%04747906AC9 4748 5980 SH
DEFINED 0 5980 0
RICHFOOD HLDGS INC WT EXP 000003 763408119 133 353600 SH
DEFINED 0 353600 0
ROYAL CARIBBEAN CRUISES LTD PFD CONV A V7780T111 16939 111300 SH
DEFINED 0 111300 0
SEACOR SMIT INC SUBNTCV 5.375%06811904AE1 12168 12634 SH
DEFINED 0 12634 0
SEAGRAM LTD PFD ADJ CV SEC 811850205 29575 651800 SH
DEFINED 0 651800 0
SEALED AIR CORP NEW PFD CV A $2 81211K209 20181 410600 SH
DEFINED 0 410600 0
SELIGMAN QUALITY MUN FD INC COM 816343107 237 21700 SH
DEFINED 0 21700 0
SEPRACOR INC SB DB CV 6.25%05817315AE4 22828 10480 SH
DEFINED 0 10480 0
SEPRACOR INC SUB DB CONV 7%05817315AH7 5331 5000 SH
DEFINED 0 5000 0
SIEBEL SYS INC SB NT CV 144A 06826170AA0 57959 29880 SH
DEFINED 0 29880 0
SIZZLER INTL INC COM 830139101 650 260000 SH
DEFINED 0 260000 0
SMITH BARNEY INTER QUALITY MUN COM 831802103 199 23800 SH
DEFINED 0 23800 0
SMITH BARNEY MUN FD INC COM 831902101 343 27600 SH
DEFINED 0 27600 0
SOVEREIGN BANCORP INC CALL 8459059D2 66 875 SH
CALL DEFINED 0 875 0
SPEEDWAY MOTORSPORTS INC SB DB CV 5.75%03847788AC0 3043 2920 SH
DEFINED 0 2920 0
SPORTS AUTH INC SB NT CV 5.25%01849176AC6 1631 2765 SH
DEFINED 0 2765 0
ST PAUL CAP L L C PFD MIPS 6% 792856205 12582 211805 SH
DEFINED 0 211805 0
STANDARD MTR PRODS INC SB DB CV 6.75%09853666AB1 3817 5000 SH
DEFINED 0 5000 0
STMICROELECTRONICS N V SUB LYON ZERO 08861012AA0 66459 24500 SH
DEFINED 0 24500 0
STMICROELECTRONICS N V SUB LYON ZERO 09861012AB8 58608 42400 SH
DEFINED 0 42400 0
STONE CONTAINER CORP PFD E CV $1.75 861589307 1788 76900 SH
DEFINED 0 76900 0
SUPERIOR TR I PFD CV 8.50% 86836P202 3835 115655 SH
DEFINED 0 115655 0
TEKELEC SB DSC CV 144A04879101AA1 4825 3600 SH
DEFINED 0 3600 0
TELEFONOS DE MEXICO S A SR DB CV 4.25%04879403AD5 26719 20500 SH
DEFINED 0 20500 0
TEMPLETON DRAGON FD INC COM 88018T101 1676 170800 SH
DEFINED 0 170800 0
TESORO PETE CORP PIES CV 1/100S 881609408 10577 863408 SH
DEFINED 0 863408 0
THERMO FIBERGEN INC COM 88355U109 919 75400 SH
DEFINED 0 75400 0
THERMO FIBERGEN INC RT 88355U117 146 167200 SH
DEFINED 0 167200 0
THERMO FIBERTEK INC SUB DB CV 144A0488355WAA3 3246 4000 SH
DEFINED 0 4000 0
THERMO INSTR SYS INC SR DEB CV 144A03883559AC0 7689 9320 SH
DEFINED 0 9320 0
THERMO OPTEK CORP SBDBCV 144A 5%00883582AA6 4950 5000 SH
DEFINED 0 5000 0
TIME WARNER INC CALL 8873159A9 1125 500 SH
CALL DEFINED 0 500 0
TOO INC COM 890333107 2586 149933 SH
DEFINED 0 149933 0
TOSCO CORP CALL 8914909D8 34 200 SH
CALL DEFINED 0 200 0
TOWER AUTOMOTIVE INC SB NT CV 5%04891707AE1 3796 4500 SH
DEFINED 0 4500 0
UNION CARBIDE CORP COM 905581104 62078 930000 SH
DEFINED 0 930000 0
UNIT CORP COM 909218109 746 97000 SH
DEFINED 0 97000 0
UNITED STATES CELLULAR CORP LYON ZERO 15911684AA6 20203 21073 SH
DEFINED 0 21073 0
UNITEDGLOBALCOM CV PFD 1/20DSR 913247201 18835 210000 SH
DEFINED 0 210000 0
USINTERNETWORKING INC SUB CV 144A7%04917311AE2 11629 4000 SH
DEFINED 0 4000 0
VALHI INC NEW LYON ZERO CPN 07918905AC4 5429 8722 SH
DEFINED 0 8722 0
VAN KAMPEN ADVANTAGE MUN II SH BEN INT 92112K107 197 18100 SH
DEFINED 0 18100 0
VAN KAMPEN ADVANTAGE MUN INCOM SH BEN INT 921124103 377 29600 SH
DEFINED 0 29600 0
VAN KAMPEN MUN OPPORTUNITY II COM 920944105 351 30000 SH
DEFINED 0 30000 0
VAN KAMPEN MUN OPPORTUNITY TR COM 920935103 458 34900 SH
DEFINED 0 34900 0
VAN KAMPEN PA VALUE MUN INCOME COM 92112T108 300 25300 SH
DEFINED 0 25300 0
VAN KAMPEN SELECT SECTOR MUN COM 92112M103 468 45400 SH
DEFINED 0 45400 0
VAN KAMPEN TR INVT GRADE MUNS COM 920929106 296 22800 SH
DEFINED 0 22800 0
VAN KAMPEN VALUE MUN INCOME TR COM 921132106 916 76300 SH
DEFINED 0 76300 0
VANTIVE CORP SB NT CV 4.75%02922091AC7 2995 3565 SH
DEFINED 0 3565 0
VISKASE COMPANIES INC COM 92831R102 509 200000 SH
DEFINED 0 200000 0
WAL MART STORES INC CALL 9311429A3 6581 1500 SH
CALL DEFINED 0 1500 0
WARNER LAMBERT CO CALL 9344889A7 1119 500 SH
CALL DEFINED 0 500 0
WELLPOINT HEALTH NETWORK NEW SB DB CV ZRO 1994973HAA6 121 188 SH
DEFINED 0 188 0
WESTERN DIGITAL CORP SB DB CV ZERO 18958102AH8 692 5000 SH
DEFINED 0 5000 0
WORLD COLOR PRESS INC DEL SR SB NT CV 6%07981443AA2 20428 19993 SH
DEFINED 0 19993 0
</TABLE>
