<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 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: M.D. Sass Investors Services, Inc.
Address: 1185 Avenue of the Americas,
18th Floor New York,
New York 10036
13F File Number: 28-2771
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: Martin E. Winter
Title: Senior Vice President, Finance
Phone: 212-730-2000
Signature, Place, and Date of Signing:
/s/ Martin E. Winter, New York, New York August 11, 2000
--------------------- ------------------- ---------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
|_| 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
<PAGE>
1. M.D. Sass Associates, Inc. 28-2770
2. M.D. Sass Management, Inc. Pending
3. Resurgence Asset Management, L.L.C. Pending
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 1
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 503250 6000 6000 6000
AMFM INC COMMON 001693100 483000 7000 7000 7000
AT&T CORP COMMON 001957109 867347 27426 27426 27426
AT&T CORP COMMON 001957208 3447817 142178 142178 142178
AVX CORP NEW COMMON 002444107 1422125 62000 62000 56200 5800
ABGENIX INC COMMON 00339B107 215747 1800 1800 1800
ACTIVISION INC NEW COMMON 004930202 130000 20000 20000 20000
ACTEL CORP COMMON 004934105 282875 6200 6200 6200
AETHER SYS INC COMMON 00808V105 307500 1500 1500 1500
AFFYMETRIX INC COMMON 00826T108 330250 2000 2000 2000
ALLIANCE PHARMACEUTICAL COMMON 018773101 123750 11000 11000 11000
ALTERNATIVE RESOURCES CO COMMON 02145R102 243750 130000 130000 115700 14300
AMERICAN INTL GROUP INC COMMON 026874107 293750 2500 2500 2500
AMERICAN REAL ESTATE PAR COMMON 029169109 183750 20000 20000 20000
AMGEN INC COMMON 031162100 1524425 21700 21700 21700
AMPAL AMERN ISRAEL CORP COMMON 032015109 765000 51000 51000 51000
ANDREW CORP COMMON 034425108 1916419 57100 57100 57100
APROPOS TECHNOLOGY INC COMMON 038334108 258375 13000 13000 13000
APTARGROUP INC COMMON 038336103 2567700 95100 95100 82900 12200
--------- --------- ------- -------- -------- -------- ------- ------
COLUMN TOTALS 15866829 677504 677504 645204 32300
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 2
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ARCH COMMUNICATIONS GROU COMMON 039381504 63130945 9712453 9712453 9712453
ARCHSTONE CMNTYS TR COMMON 039581103 358063 17000 17000 17000
ARCH COMMUNICATIONS PFD CV 039990205 60000000 1000000 1000000 1000000
ARIBA INC COMMON 04033V104 392188 4000 4000 4000
ARQULE INC COMMON 04269E107 348750 18000 18000 18000
ART TECHNOLOGY GROUP INC COMMON 04289L107 605625 6000 6000 6000
ASPEN TECHNOLOGY INC COMMON 045327103 3984750 103500 103500 103500
AUGUST TECHNOLOGY CORP COMMON 05106U105 246563 15000 15000 15000
AURORA BIOSCIENCES CORP COMMON 051920106 272750 4000 4000 4000
AVALONBAY CMNTYS INC COMMON 053484101 271375 6500 6500 6500
AVANT CORP COMMON 053487104 187344 10000 10000 10000
AVON PRODS INC COMMON 054303102 1308300 29400 29400 26600 2800
BRE PROPERTIES INC COMMON 05564E106 216563 7500 7500 7500
BANK NEW YORK INC COMMON 064057102 279000 6000 6000 6000
BELLWETHER EXPL CO COMMON 079895207 382375 46000 46000 46000
BIOMET INC COMMON 090613100 2436938 63400 63400 57400 6000
BLACK BOX CORP DEL COMMON 091826107 3768581 47600 47600 43600 4000
BOSTON PROPERTIES INC COMMON 101121101 486675 12600 12600 12600
BRANDYWINE RLTY TR COMMON 105368203 210375 11000 11000 11000
--------- --------- -------- -------- -------- -------- ------ ------
COLUMN TOTALS 138887157 11119953 11119953 11107153 12800
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 3
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BROWN TOM INC COMMON 115660201 230625 10000 10000 10000
CADENCE DESIGN SYSTEM IN COMMON 127387108 407500 20000 20000 20000
CALYPTE BIOMEDICAL CORP COMMON 131722100 95000 40000 40000 40000
CAMDEN PPTY TR COMMON 133131102 317250 10800 10800 10800
CAPTEC NET LEASE REALTY COMMON 140724105 212300 19300 19300 19300
CARRAMERICA RLTY CORP COMMON 144418100 437250 16500 16500 16500
CHEAP TICKETS INC COMMON 162672109 246000 20500 20500 20500
CHEESECAKE FACTORY INC COMMON 163072101 255750 9300 9300 9300
CITIGROUP INC COMMON 172967101 409700 6800 6800 6800
COASTCAST CORP COMMON 19057T108 264375 15000 15000 15000
COMMSCOPE INC COMMON 203372107 2414900 58900 58900 53000 5900
COMSTOCK RES INC COMMON 205768203 200000 25000 25000 25000
COOLSAVINGS COM INC COMMON 216485102 3804946 627620 627620 627620
CORSAIR COMMUNICATIONS I COMMON 220406102 402500 14000 14000 14000
CORPORATE RENAISSANCE LT COMMON 220990105 982107 117900 117900 117900
CREO PRODS INC COMMON 225606102 295750 13000 13000 13000
CRESCENT REAL ESTATE EQU COMMON 225756105 258300 12600 12600 12600
CUBIST PHARMACEUTICALS I COMMON 229678107 738750 15000 15000 15000
CURAGEN CORP COMMON 23126R101 209344 5500 5500 5500
--------- --------- -------- -------- -------- -------- ------ ------
COLUMN TOTALS 12182347 1057720 1057720 1051820 5900
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 4
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DAIN RAUSCHER CORP COMMON 233856103 231000 3500 3500 3500
DENTSPLY INTL INC NEW COMMON 249030107 215688 7000 7000 7000
DEPARTMENT 56 INC COMMON 249509100 880000 80000 80000 72400 7600
DIME CMNTY BANCSHARES COMMON 253922108 268125 16500 16500 16500
DOBSON COMMUNICATIONS CO COMMON 256069105 365750 19000 19000 19000
DOUBLE EAGLE PETE & MNG COMMON 258570209 63438 17500 17500 17500
DRESS BARN INC COMMON 261570105 232313 10500 10500 10500
DUKE WEEKS REALTY CORP COMMON 264411505 212563 9500 9500 9500
DYNATECH CORP NEW COMMON 268140100 235625 13000 13000 13000
EOG RES INC COMMON 26875P101 335000 10000 10000 10000
EASTGROUP PPTY INC COMMON 277276101 564475 26800 26800 26800
EDUCATION MGMT CORP COMMON 28139T101 2897225 160400 160400 144600 15800
EDWARDS AG INC COMMON 281760108 2168400 55600 55600 51200 4400
EMUSIC COM INC COMMON 292476108 318250 134000 134000 134000
ENTERTAINMENT PPTYS TR COMMON 29380T105 504156 36500 36500 36500
ENZON INC COMMON 293904108 850000 20000 20000 20000
EQUITY OFFICE PROPERTIES COMMON 294741103 360077 13064 13064 13064
EQUITY RESIDENTIAL PPTYS COMMON 29476L107 708400 15400 15400 15400
FACTORY 2-U INC COMMON 303072102 321406 8500 8500 8500
--------- --------- -------- -------- -------- ------- ------- -------
COLUMN TOTALS 11731889 656764 656764 628964 27800
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 5
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FEDERAL HOME LN MTG CORP COMMON 313400301 1644300 40600 40600 36900 3700
FEDERAL NATL MTG ASSN COMMON 313586109 2450203 46950 46950 44200 2750
FINLAY ENTERPRISES INC COMMON 317884203 561600 43200 43200 43200
FIRST HEALTH GROUP CORP COMMON 320960107 3566719 108700 108700 99000 9700
CBOE NASDAQ 100 INDEX OPTION 32999W9T4 273000 10 10 10
FOREST OIL CORP COMMON 346091606 765000 48000 48000 48000
FUELCELL ENERGY INC COMMON 35952H106 221000 3200 3200 3200
GTE CORP COMMON 362320103 334905 5380 5380 5380
GAYLORD CONTAINER CORP COMMON 368145108 12172797 4529413 4529413 4529413
GENERAL ELEC CO COMMON 369604103 2154450 40650 40650 37050 3600
GENOME THERAPEUTICS CORP COMMON 372430108 273938 9000 9000 9000
GENSTAR THERAPEUTICS COR COMMON 37248D105 214375 35000 35000 35000
GLENBOROUGH RLTY TR INC COMMON 37803P105 256331 14700 14700 14700
GREAT LAKES REIT INC COMMON 390752103 385900 22700 22700 22700
GREY WOLF INC COMMON 397888108 560000 112000 112000 112000
HARLEY DAVIDSON INC COMMON 412822108 3295600 85600 85600 85600
HARTFORD FINL SVCS GROUP COMMON 416515104 335625 6000 6000 6000
HELMERICH & PAYNE INC COMMON 423452101 373750 10000 10000 10000
HI / FN INC COMMON 428358105 275125 6200 6200 6200
--------- ------- ------- -------- -------- --------- ------ ------
COLUMN TOTALS 30114618 5167303 5167303 5147553 19750
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 6
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HIBBETT SPORTING GOODS I COMMON 428565105 235000 10000 10000 10000
HOMESEEKERS COM INC COMMON 437605108 53047 17500 17500 17500
HOT TOPIC INC COMMON 441339108 281600 8800 8800 8800
IMMUNOMEDICS INC COMMON 452907108 318500 13000 13000 13000
INHALE THERAPEUTIC SYS I COMMON 457191104 405875 4000 4000 4000
INNERDYNE INC COMMON 45764D102 258125 35000 35000 35000
INNKEEPERS USA TR COMMON 4576J0104 173375 19000 19000 19000
INTEGRATED DEVICE TECHNO COMMON 458118106 359250 6000 6000 6000
INTEL CORP COMMON 458140100 3502613 26200 26200 23950 2250
INTERPUBLIC GROUP COS IN COMMON 460690100 1677000 39000 39000 39000
INTERSTATE NATL DEALER S COMMON 46102P104 215250 41000 41000 41000
INVESTMENT TECHNOLOGY GR COMMON 46145F105 3073100 77800 77800 71400 6400
ISIS PHARMACEUTICALS INC COMMON 464330109 290000 20000 20000 20000
JUNIPER NETWORKS INC COMMON 48203R104 465800 3200 3200 3200
KLA-TENCOR CORP COMMON 482480100 234250 4000 4000 4000
KAYDON CORP COMMON 486587108 1468950 69950 69950 63650 6300
KOGER EQUITY INC COMMON 500228101 295313 17500 17500 17500
KULICKE & SOFFA INDS INC COMMON 501242101 255313 4300 4300 4300
LA JOLLA PHARMACEUTICAL COMMON 503459109 255750 62000 62000 62000
--------- --------- -------- -------- -------- -------- ------ ------
COLUMN TOTALS 13818109 478250 478250 463300 14950
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 7
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LABRANCHE & CO INC COMMON 505447102 215625 15000 15000 15000
LEXICON GENETICS INC COMMON 528872104 481250 14000 14000 14000
LYNX THERAPEUTICS INC COMMON 551812308 570750 12000 12000 12000
MACK CALI RLTY CORP COMMON 554489104 354488 13800 13800 13800
MANUGISTICS GROUP INC COMMON 565011103 266475 5700 5700 5700
MARKETCENTRAL NET CORP COMMON 57059T106 134090 55000 55000 55000
MARSH & MCLENNAN COS INC COMMON 571748102 261094 2500 2500 2500
MEDIMMUNE INC COMMON 584699102 444000 6000 6000 6000
MELLON FINL CORP COMMON 58551A108 3483279 95596 95596 92692 2904
MENTOR GRAPHICS CORP COMMON 587200106 228563 11500 11500 11500
MERCK & CO INC COMMON 589331107 2801870 36566 36566 33276 3290
MERRILL LYNCH & CO INC COMMON 590188108 460000 4000 4000 4000
METRETEK TECHNOLOGIES IN COMMON 59159Q107 324000 48000 48000 48000
MICROVISION INC WASH COMMON 594960106 245000 5000 5000 5000
MICRON TECHNOLOGY INC COMMON 595112103 352250 4000 4000 4000
MIDCOM COMMUNICATIONS IN BND CV 59563XAA0 480000 6400000 6400000 6400000
MIDCOM COMMUNICATIONS IN BND CV 59563XAC6 480000 6400000 6400000 6400000
MILLENNIUM PHARMACEUTICA COMMON 599902103 559375 5000 5000 5000
MYRIAD GENETICS INC COMMON 62855J104 340580 2300 2300 2300
--------- -------- ------- -------- -------- ------- ------- ------
COLUMN TOTALS 12482687 3135962 13135962 13129768 6194
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 8
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NABORS INDS INC COMMON 629568106 706563 17000 17000 17000
NATIONAL DISC BROKERS GR COMMON 635646102 207188 6500 6500 6500
NETMANAGE INC COMMON 641144100 407103 91100 91100 91100
NEUROGEN CORP COMMON 64124E106 202125 7000 7000 7000
NEWPARK RES INC COMMON 651718504 500188 53000 53000 53000
NICE SYS LTD COMMON 653656108 293311 3800 3800 3800
NOGATECH INC COMMON 654919109 156350 23600 23600 23600
NORTH FORK BANCORPORATIO COMMON 659424105 214775 14200 14200 14200
NUCENTRIX BROADBAND NETW COMMON 670198100 25375433 995115 995115 995115
OSI PHARMACEUTICALS INC COMMON 671040103 518625 18000 18000 18000
ONYX SOFTWARE CORP COMMON 683402101 249375 8400 8400 8400
ORCKIT COMMUNICATIONS LT BND CV 685725AA1 655000 1000000 1000000 1000000
OSHKOSH TRUCK CORP COMMON 688239201 221650 6200 6200 6200
PE CORP COMMON 69332S201 368000 4000 4000 4000
PNC FINL SVCS GROUP INC COMMON 693475105 1598438 34100 34100 31400 2700
PACIFIC GULF PPTYS INC COMMON 694396102 483706 19300 19300 19300
PALL CORP COMMON 696429307 891700 48200 48200 44300 3900
PANJA INC COMMON 698493103 1225000 100000 100000 100000
PARADIGM GEOPHYSICAL LTD COMMON 69900J104 310375 52000 52000 52000
--------- --------- ------- -------- -------- ---------- ------- ------
COLUMN TOTALS 34584902 2501515 2501515 2494915 6600
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 9
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PARADIGM GENETICS INC COMMON 69900R106 243750 20000 20000 20000
PARKER DRILLING CO COMMON 701081101 179438 29000 29000 29000
PARKWAY PPTYS INC COMMON 70159Q104 420900 13800 13800 13800
PENNACO ENERGY INC COMMON 708046107 360250 22000 22000 22000
PFIZER INC COMMON 717081103 2524800 52600 52600 48400 4200
PHARMOS CORP COMMON 717139208 251250 67000 67000 67000
PHILIP SVCS CORP COMMON 71819M103 950 10000 10000 10000
PHILIPS INTL RLTY CORP COMMON 718333107 330125 19000 19000 19000
PHYSICIANS RESOURCE GROU COMMON 71941S101 6250 625000 625000 625000
PHYSICIANS RESOURCE GROU BND CV 71941SAA9 83188700 118841000 118841000 118841000
PIER 1 IMPORTS INC COMMON 720279108 460688 47250 47250 47250
PLEXUS CORP COMMON 729132100 339000 3000 3000 3000
POWER-ONE INC COMMON 739308104 227875 2000 2000 2000
PRENTISS PPTYS TR COMMON 740706106 333600 13900 13900 13900
PRIME GROUP REALTY TRUST COMMON 74158J103 276413 18200 18200 18200
PRIDE INTL INC COMMON 741932107 309375 12500 12500 12500
PROJECT SOFTWARE & DEV I COMMON 74339P101 180000 10000 10000 10000
PROTEIN DESIGN LABS INC COMMON 74369L103 412383 2500 2500 2500
QUANTA SVCS INC COMMON 74762E102 247500 4500 4500 4500
--------- --------- --------- -------- -------- ---------- ------ ------
COLUMN TOTALS 90293245 119813250 119813250 119809050 4200
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 10
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
R & B FALCON CORP COMMON 74912E101 294531 12500 12500 12500
RADIOSHACK CORP COMMON 750438103 947500 20000 20000 20000
RANGER INDS INC COMMON 752907105 101708 65072 65072 65072
RECKSON ASSOCS RLTY CORP COMMON 75621K106 415625 17500 17500 17500
REDBACK NETWORKS INC COMMON 757209101 931450 5200 5200 5200
REYNOLDS & REYNOLDS CO COMMON 761695105 1896175 103900 103900 88700 15200
SDL INC COMMON 784076101 427781 1500 1500 1500
SL GREEN RLTY CORP COMMON 78440X101 307625 11500 11500 11500
SCHLUMBERGER LTD COMMON 806857108 846994 11350 11350 11350
SEPRACOR INC COMMON 817315104 361875 3000 3000 3000
SERENA SOFTWARE INC COMMON 817492101 408656 9000 9000 9000
SIEBEL SYS INC COMMON 826170102 408906 2500 2500 2500
SIGMA ALDRICH CORP COMMON 826552101 2457000 84000 84000 73200 10800
SKYMALL INC COMMON 830859104 121125 51000 51000 51000
SMARTALK TELESERVICES IN BND CV 83169AAA8 29350880 56444000 56444000 56444000
SMARTALK TELESERVICES IN BND CV 83169AAC4 28948400 55670000 55670000 55670000
SMARTDISK CORP COMMON 83169Q105 269500 9800 9800 9800
SMITH CHARLES E RESDNTL COMMON 832197107 513000 13500 13500 13500
SONOCO PRODS CO COMMON 835495102 1891154 91971 91971 79463 12508
--------- --------- --------- -------- -------- --------- ------- ------
COLUMN TOTALS 70899885 112627293 112627293 112588785 38508
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 11
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SPIEKER PPTYS INC COMMON 848497103 368000 8000 8000 8000
STRATOSPHERE CORP COMMON 863106308 2141538 67450 67450 67450
TELEHUBLINK CORP COMMON 87942L101 166698 42000 42000 42000
TENET HEALTHCARE CORP COMMON 88033G100 3889904 140811 140811 140811
TENGASCO INC COMMON 88033R205 246375 27000 27000 27000
TEVA PHARMACEUTICAL INDS COMMON 881624209 443500 8000 8000 8000
TEXACO INC COMMON 881694103 255600 4800 4800 4800
TIDEWATER INC COMMON 886423102 360000 10000 10000 10000
TIME WARNER INC COMMON 887315109 912000 12000 12000 12000
TOPPS INC COMMON 890786106 253000 22000 22000 22000
TRANS WORLD AIRLS INC COMMON 893349837 105923 47077 47077 47077
TRICO MARINE SERVICES IN COMMON 896106101 229500 18000 18000 18000
TUPPERWARE CORP COMMON 899896104 1089000 49500 49500 45000 4500
UTI ENERGY CORP COMMON 903387108 361125 9000 9000 9000
UNIVERSAL FOODS CORP COMMON 913538104 2194100 118600 118600 102800 15800
VAIL RESORTS INC COMMON 91879Q109 163125 10000 10000 10000
VENATOR GROUP INC COMMON 922944103 215250 21000 21000 21000
VERTEX PHARMACEUTICALS I COMMON 92532F100 421500 4000 4000 4000
VIDAMED INC COMMON 926530106 181500 88000 88000 88000
--------- -------- -------- -------- -------- ---------- ------- ------
COLUMN TOTALS 13997638 707238 707238 686938 20300
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 12
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VINTAGE PETE INC COMMON 927460105 338438 15000 15000 15000
VORNADO RLTY TR COMMON 929042109 538625 15500 15500 15500
WATCHGUARD TECHNOLOGIES COMMON 941105108 340613 6200 6200 6200
WELLSFORD REAL PPTYS INC COMMON 950240200 339299 22433 22433 22433
WOLVERINE TUBE INC COMMON 978093102 1627750 95750 95750 82950 12800
WORLDCOM INC GA NEW COMMON 98157D106 1255232 27362 27362 27362
YANKEE CANDLE INC COMMON 984757104 216250 10000 10000 10000
ZORAN CORP COMMON 98975F101 481344 7300 7300 7300
ASIACONTENT COM LTD COMMON G05354108 76250 20000 20000 20000
TRITON ENERGY LTD COMMON G90751101 648656 16500 16500 16500
ALADDIN KNOWLEDGE SYS LT COMMON M0392N101 210306 13300 13300 13300
BOS BETTER ONLINE SOLUTI COMMON M20115107 336600 40800 40800 40800
BREEZECOM LTD COMMON M20385106 5510493 126678 126678 126678
CHECK POINT SOFTWARE TEC COMMON M22465104 317625 1500 1500 1500
CIMATRON LTD COMMON M23798107 155750 71200 71200 71200
ELBIT VISION SYS LTD COMMON M37576101 243828 156100 156100 156100
FUNDTECH LTD COMMON M47095100 390000 15000 15000 15000
GILAT SATELLITE NETWORKS COMMON M51474100 291375 4200 4200 4200
HEALTHCARE TECHNOLOGIES COMMON M5296L135 196850 101600 101600 101600
--------- --------- ------ -------- -------- ---------- ------ ------
COLUMN TOTALS 13515283 766423 766423 753623 12800
</TABLE>
<PAGE>
FORM 13F 6/30/00
REPORTING MANAGER; M. D. SASS PAGE 13
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE FAIR SHARES OR INVESTMENT DISCRETION VOTING AUTHORITY
OF CUSIP MARKET PRINCIPAL SOLE SHARED SHARED OTHER SOLE SHARED NONE
CLASS NUMBER VALUE AMOUNT (A) (B) (C) MANAGERS (A) (B) (C)
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ISG INTL SOFTWARE GROUP COMMON M5733B104 426413 36100 36100 36100
NEXUS TELOCATION SYS LTD COMMON M74919107 230881 90100 90100 90100
NOVA MEASURING INSTRUMEN COMMON M7516K103 424037 26400 26400 26400
ORBOTECH LTD COMMON M75253100 371500 4000 4000 4000
POINT OF SALE LTD COMMON M7945W108 326433 13900 13900 13900
RADVISION LTD COMMON M81869105 282164 10100 10100 10100
RIT TECHNOLOGIES LTD COMMON M8215N109 445263 35800 35800 35800
TOP IMAGE SYSTEMS LTD COMMON M87896102 128363 16300 16300 16300
TOWER SEMICONDUCTOR LTD COMMON M87915100 358875 11000 11000 11000
SAPIENS INTL CORP N V COMMON N7716A102 484169 76700 76700 76700
PHYSICIANS RESOURCE GROU BND CV VV4011548 245000 350000 350000 350000
OMI CORP NEW COMMON Y6476W104 565500 104000 104000 104000
--------- --------- -------- -------- -------- ---------- ------- ------
COLUMN TOTALS 4288597 774400 774400 774400
--------- --------- -------- -------- -------- ---------- ------- ------
REPORT TOTALS 462663188 269483575 269483575 269281473 202102
========= ========= ========= ======== ======== ========= ======= ======
</TABLE>
