<TABLE>
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVESTMENT DISCRETION MANA- VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED GERS
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AGCO CORP COMMON 001084102 135750 12000 12000 12000
AT&T CORP COMMON 001957109 1530714 27426 27426 27426
AT&T CORP COMMON 001957208 2561990 69714 69714 69714
AVX CORP NEW COMMON 002444107 5084625 208600 208600 198900 9700
AIR EXPRESS INTL CORP COMMON 009104100 4778113 188300 188300 179800 8500
ALTERNATIVE RESOURCES CO COMMON 02145R102 1704500 243500 243500 232800 10700
AMERICAN REAL ESTATE PAR COMMON 029169109 162500 20000 20000 20000
AMGEN INC COMMON 031162100 706150 11600 11600 11600
AMPAL AMERN ISRAEL CORP COMMON 032015109 322500 60000 60000 60000
ANDREW CORP COMMON 034425108 4111331 217100 217100 207400 9700
ARCH COMMUNICATIONS GROU COMMON 039381504 75901600 8929600 8929600 8929600
ASPEN TECHNOLOGY INC COMMON 045327103 1363000 116000 116000 116000
AVON PRODUCTS INC COMMON 054303102 3351090 60380 60380 57200 3180
BLACK BOX CORP COMMON 091826107 5157863 102900 102900 98500 4400
BOSTON COMMUNICTNS GRP COMMON 100582105 188125 14000 14000 14000
BRADLEES INC COMMON 104499207 180000 12000 12000 12000
CAI WIRELESS SYS INC COMMON 12476P203 48127878 1782514 1782514 1782514
CAREERBUILDER INC COMMON 141684100 131250 10000 10000 10000
CHANCELLOR MEDIA CORP COMMON 158915108 385875 7000 7000 7000
COINSTAR INC COMMON 19259P300 200813 7000 7000 7000
COMSTOCK RES INC COMMON 205768203 142438 43000 43000 43000
CORPORATE OFFICE PPTYS T COMMON 22002T108 89244 10900 10900 10900
CORPORATE RENAISSANCE GR MUTUAL 220033104 1326375 117900 117900 117900
DEPARTMENT 56 INC COMMON 249509100 4031250 150000 150000 142700 7300
DIEBOLD INC COMMON 253651103 4451938 154850 154850 148150 6700
DUSA PHARMACEUTICALS INC COMMON 266898105 150313 13000 13000 13000
ESC MED SYS LTD BND CV 269025AB8 464660 700000 700000 700000
ESS TECHNOLOGY INC COMMON 269151106 215000 16000 16000 16000
EAGLE GEOPHYSICAL INC COMMON 269524104 30000 40000 40000 40000
EASTGROUP PPTY INC COMMON 277276101 208650 10400 10400 10400
EDWARDS AG INC COMMON 281760108 3299175 102300 102300 98000 4300
ENZON INC COMMON 293904108 413750 20000 20000 20000
EQUITY RESIDENTIAL PPTYS COMMON 29476L107 1164911 25851 25851 25851
FASHIONMALL COM COMMON 31186K106 107813 15000 15000 15000
FEDERAL HOME LN MTG CORP COMMON 313400301 4729900 81550 81550 77900 3650
FEDERAL NATL MTG ASSN COMMON 313586109 5207475 76300 76300 73500 2800
FINLAY ENTERPRISES INC COMMON 317884203 153813 11500 11500 11500
FIRST HEALTH GROUP CP COMMON 320960107 5502750 255200 255200 243700 11500
FRANKLIN COVEY CO COMMON 353469109 1384288 187700 187700 180300 7400
GTE CORP COMMON 362320103 406190 5380 5380 5380
GAYLORD CONTAINER CORP COMMON 368145108 24402359 3074313 3074313 3074313
GENERAL ELEC CO COMMON 369604103 4175350 36950 36950 35300 1650
GLENBOROUGH RLTY TR INC COMMON 37803P105 413000 23600 23600 23600
GLOBAL INDUSTRIES LTD COMMON 379336100 179375 14000 14000 14000
GRAINGER W W INC COMMON 384802104 452025 8400 8400 8400
GREAT LAKES REIT INC COMMON 390752103 165750 10200 10200 10200
HARLEY DAVIDSON INC COMMON 412822108 2327250 42800 42800 42800
HARTFORD FINL SVCS GROUP COMMON 416515104 349875 6000 6000 6000
HIGHWOODS PPTYS INC COMMON 431284108 301813 11000 11000 11000
HOLLYWOOD PK INC NEW COMMON 436255103 170000 10000 10000 10000
HOMESEEKERS COM INC COMMON 437605108 71250 15000 15000 15000
IGEN INC COMMON 449536101 972775 33400 33400 33400
INTEL CORP COMMON 458140100 4129300 69400 69400 66300 3100
INTERPUBLIC GROUP COS IN COMMON 460690100 1689188 19500 19500 19500
KAYDON CORP COMMON 486587108 4527606 134650 134650 128650 6000
KOGER EQUITY INC COMMON 500228101 873938 47400 47400 47400
MCI WORLDCOM INC COMMON 55268B106 1190389 13831 13831 13831
MACK CALI RLTY CORP COMMON 554489104 278438 9000 9000 9000
MADDEN STEVEN LTD COMMON 556269108 142406 10500 10500 10500
MAGNUM HUNTER RES INC COMMON 55972F203 133438 35000 35000 35000
MEDPARTNERS INC COMMON 58503X107 128633 17151 17151 17151
MELLON BK CORP COMMON 585509102 4576557 125816 125816 122912 2904
MERCK & CO INC COMMON 589331107 4891792 66442 66442 62902 3540
MERIDIAN DIAGNOSTICS INC COMMON 589602101 99750 14000 14000 14000
METALS USA INC COMMON 591324108 127500 10000 10000 10000
MIDCOM COMMUNICATIONS IN BND CV 59563XAA0 992000 6400000 6400000 6400000
MIDCOM COMMUNICATIONS IN BND CV 59563XAC6 992000 6400000 6400000 6400000
NETMANAGE INC COMMON 641144100 40969 19000 19000 19000
NUCENTRIX BROADBAND NETW COMMON 670198100 15468750 550000 550000 550000
OSHAP TECHNOLOGIES LTD COMMON 671039105 282617 22166 22166 22166
OFFICEMAX INC COMMON 67622M108 240000 20000 20000 20000
PNC BANK CORP COMMON 693475105 3906975 67800 67800 65500 2300
PALL CORP COMMON 696429307 1963594 88500 88500 84600 3900
PARADIGM GEOPHYSICAL LTD COMMON 69900J104 153293 22500 22500 22500
PFIZER INC COMMON 717081103 3744150 34350 34350 32950 1400
PHILIP SVCS CORP COMMON 71819M103 1560 10000 10000 10000
PHYSICIANS RESOURCE GROU BND CV 71941SAA9 27109320 91896000 91896000 91896000
PIER 1 IMPORTS INC COMMON 720279108 531563 47250 47250 47250
PRIME GROUP REALTY TRUST COMMON 74158J103 171875 10000 10000 10000
PRIDE INTL INC COMMON 741932107 126750 12000 12000 12000
RANGER INDS INC COMMON 752907105 32277 86072 86072 86072
RAYTHEON CO COMMON 755111408 394800 5600 5600 5600
REYNOLDS & REYNOLDS CO COMMON 761695105 5713894 245100 245100 234500 10600
SCHLUMBERGER LTD COMMON 806857108 722853 11350 11350 11350
7TH LEVEL INC COMMON 817916109 123188 27000 27000 27000
SIGMA ALDRICH CORP COMMON 826552101 5410131 157100 157100 149900 7200
SKYTEL COMMUNICATIONS IN COMMON 83087Q104 850063 40600 40600 40600
SMARTALK TELESERVICES IN BND CV 83169AAA8 4134570 12529000 12529000 12529000
SMARTALK TELESERVICES IN BND CV 83169AAC4 6188160 18752000 18752000 18752000
SONOCO PRODS CO COMMON 835495102 4811136 160706 160706 153598 7108
SPEEDFAM-IPEC INC COMMON 847705100 160625 10000 10000 10000
STRATOSPHERE CORP COMMON 863106308 1416450 67450 67450 67450
SUPERIOR ENERGY SVCS INC COMMON 868157108 178281 35000 35000 35000
TAVA TECHNOLOGIES INC COMMON 872169107 99938 13000 13000 13000
TACO CABANA INC COMMON 873425102 163000 16000 16000 16000
TANDY CORP COMMON 875382103 977500 20000 20000 20000
TENET HEALTHCARE CORP COMMON 88033G100 4830705 260240 260240 255700 4540
TEXACO INC COMMON 881694103 299400 4800 4800 4800
TIME WARNER INC COMMON 887315109 871500 12000 12000 12000
TRANS WORLD AIRLS INC COMMON 893349837 258370 52328 52328 52328
TUPPERWARE CORP COMMON 899896104 2501550 98100 98100 93600 4500
TYCO INTL LTD COMMON 902124106 492700 5200 5200 5200
UTI ENERGY CORP COMMON 903387108 165625 10000 10000 10000
UNIVERSAL FOODS CORP COMMON 913538104 4159513 196900 196900 187500 9400
VIAGRAFIX CORP COMMON 925909103 138375 20500 20500 20500
VINTAGE PETE INC COMMON 927460105 129000 12000 12000 12000
WELLSFORD REAL PPTYS INC COMMON 950240101 515742 47976 47976 47976
WESTOWER CORP COMMON 96121E101 2817500 115000 115000 115000
WOLVERINE TUBE INC COMMON 978093102 4177031 166250 166250 158450 7800
ZORAN CORP COMMON 98975F101 199325 11900 11900 11900
ACE LIMITED COMMON G0070K103 576300 20400 20400 20400
CIMATRON LTD COMMON M23798107 54733 21100 21100 21100
ELBIT VISION SYS LTD COMMON M37576101 95200 47600 47600 47600
ELSCINT LTD NEW COMMON M40168102 144625 13000 13000 13000
ESC MEDICAL SYS LTD COMMON M40868107 80325 12600 12600 12600
NEXUS TELECOMMUNICATN SY COMMON M74919107 117579 33000 33000 33000
ORCKIT COMMUNICATIONS LT COMMON M7531S107 418275 16900 16900 16900
RIT TECHNOLOGIES LTD COMMON M8215N109 27188 15000 15000 15000
SAPIENS INTL CORP N V COMMON N7716A102 347813 35000 35000 35000
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 356856001 156998156 156998156 156832384 165772
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</TABLE>
