<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: September 30, 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: M.D. Sass Investors Services, Inc.
Address: 1185 Avenue of the Americas, 18th Floor New York, New York 10036
Form 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, November 13, 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:
Name: 13F File No.
1. M.D. Sass Associates, Inc. 28-2770
2. M.D. Sass Management, Inc. Pending
3. Resurgence Asset Management, L.L.C. Pending
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<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 1
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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>
AT&T CORP COMMON 001957109 805639 27426 27426 27426
AT&T CORP COMMON 001957208 2559204 142178 142178 142178
AVX CORP NEW COMMON 002444107 1154569 44300 44300 39900 4400
ABGENIX INC COMMON 00339B107 290925 3600 3600 3600
ACTIVISION INC NEW COMMON 004930202 300000 20000 20000 20000
ADOBE SYS INC COMMON 00724F101 465750 3000 3000 3000
ALLIANCE PHARMACEUTICAL COMMON 018773101 167750 11000 11000 11000
ALTERNATIVE RESOURCES CO COMMON 02145R102 79688 127500 127500 115700 11800
AMERICAN EXPRESS CO COMMON 025816109 303750 5000 5000 5000
AMERICAN INTL GROUP INC COMMON 026874107 358828 3750 3750 3750
AMERICAN REAL ESTATE PAR COMMON 029169109 181250 20000 20000 20000
AMGEN INC COMMON 031162100 1515270 21700 21700 21700
AMPAL AMERN ISRAEL CORP COMMON 032015109 538125 41000 41000 41000
ANDREW CORP COMMON 034425108 1097256 41900 41900 41900
ANNTAYLOR STORES CORP COMMON 036115103 242156 6300 6300 6300
APPLIED MOLECULAR EVOLUT COMMON 03823E108 341063 8500 8500 8500
APTARGROUP INC COMMON 038336103 1639719 68500 68500 58400 10100
ARCH WIRELESS INC COMMON 039392105 48632980 9726596 9726596 9726596
ARCHSTONE CMNTYS TR COMMON 039581103 577219 23500 23500 23500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 61251140 10345750 10345750 10319450 26300
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 2
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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>
ARDEN RLTY INC COMMON 039793104 509438 19000 19000 19000
ARCH COMMUNICATIONS PFD CV 039990205 60000000 1000000 1000000 1000000
ARQULE INC COMMON 04269E107 307125 18000 18000 18000
ASPEN TECHNOLOGY INC COMMON 045327103 4670438 103500 103500 103500
ASTORIA FINL CORP COMMON 046265104 208575 5400 5400 5400
ASTROPOWER INC COMMON 04644A101 673625 17000 17000 17000
AVALONBAY CMNTYS INC COMMON 053484101 476875 10000 10000 10000
AVANT CORP COMMON 053487104 182500 10000 10000 10000
AVON PRODS INC COMMON 054303102 1046400 25600 25600 23600 2000
BRE PROPERTIES INC COMMON 05564E106 438400 13700 13700 13700
BALLARD PWR SYS INC COMMON 05858H104 327797 3000 3000 3000
BED BATH & BEYOND INC COMMON 075896100 365859 15000 15000 15000
BEDFORD PPTY INVS INC COMMON 076446301 304688 15000 15000 15000
BELLWETHER EXPL CO COMMON 079895207 161438 21000 21000 21000
BIOMET INC COMMON 090613100 2073750 59250 59250 52800 6450
BIOTRANSPLANT INC COMMON 09066Y107 238875 14000 14000 14000
BLACK BOX CORP DEL COMMON 091826107 1603900 34400 34400 31500 2900
BOSTON PROPERTIES INC COMMON 101121101 905981 21100 21100 21100
BRANDYWINE RLTY TR COMMON 105368203 222750 11000 11000 11000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 74718413 1415950 1415950 1404600 11350
</TABLE>
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<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 3
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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>
CABOT INDUSTRIAL TRUST COMMON 127072106 269156 13500 13500 13500
CAMDEN PPTY TR COMMON 133131102 427800 13800 13800 13800
CAPTEC NET LEASE REALTY COMMON 140724105 213850 18800 18800 18800
CARRAMERICA RLTY CORP COMMON 144418100 786500 26000 26000 26000
CASINO DATA SYS COMMON 147583108 210000 30000 30000 30000
CHEESECAKE FACTORY INC COMMON 163072101 834725 19300 19300 19300
CIENA CORP COMMON 171779101 368438 3000 3000 3000
CLEAR CHANNEL COMMUNICAT COMMON 184502102 371770 6580 6580 6580
COMMERCE ONE INC DEL COMMON 200693109 392500 5000 5000 5000
COMMSCOPE INC COMMON 203372107 1163750 47500 47500 42900 4600
COMSTOCK RES INC COMMON 205768203 284375 25000 25000 25000
COOLSAVINGS COM INC COMMON 216485102 1907555 697620 697620 697620
CORNING INC COMMON 219350105 386100 1300 1300 1300
CORPORATE RENAISSANCE LT COMMON 220990105 982107 117900 117900 117900
CRESCENT REAL ESTATE EQU COMMON 225756105 359231 16100 16100 16100
CROSS TIMBERS OIL CO COMMON 227573102 628391 32750 32750 32750
CUBIST PHARMACEUTICALS I COMMON 229678107 780938 15000 15000 15000
DAIN RAUSCHER CORP COMMON 233856103 418500 4500 4500 4500
DENTSPLY INTL INC NEW COMMON 249030107 244563 7000 7000 7000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 11030247 1100650 1100650 1096050 4600
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 4
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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>
DEPARTMENT 56 INC COMMON 249509100 977194 74100 74100 68400 5700
DIME CMNTY BANCSHARES COMMON 253922108 749925 30300 30300 30300
DOUBLE EAGLE PETE & MNG COMMON 258570209 292500 45000 45000 45000
DUKE WEEKS REALTY CORP COMMON 264411505 470438 19500 19500 19500
DYNEGY INC NEW COMMON 26816Q101 456000 8000 8000 8000
EOG RES INC COMMON 26875P101 388750 10000 10000 10000
EASTGROUP PPTY INC COMMON 277276101 596300 26800 26800 26800
EDUCATION MGMT CORP COMMON 28139T101 2413600 89600 89600 80600 9000
EDWARDS AG INC COMMON 281760108 1752469 33500 33500 30200 3300
ENERGY CONVERSION DEVICE COMMON 292659109 241719 6500 6500 6500
ENTERTAINMENT PPTYS TR COMMON 29380T105 440938 41500 41500 41500
ENZON INC COMMON 293904108 1320000 20000 20000 20000
EQUITY OFFICE PROPERTIES COMMON 294741103 896588 28864 28864 28864
EQUITY RESIDENTIAL PPTYS COMMON 29476L107 720000 15000 15000 15000
ESSEX PPTY TR INC COMMON 297178105 393163 7100 7100 7100
EXTREME NETWORKS INC COMMON 30226D106 400750 3500 3500 3500
FEDERAL HOME LN MTG CORP COMMON 313400301 1546188 28600 28600 25900 2700
FEDERAL NATL MTG ASSN COMMON 313586109 2663375 37250 37250 35200 2050
FINLAY ENTERPRISES INC COMMON 317884203 604800 43200 43200 43200
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 17324694 568314 568314 545564 22750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 5
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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>
FIRST INDUSTRIAL REALTY COMMON 32054K103 230625 7500 7500 7500
FIRST HEALTH GROUP CORP COMMON 320960107 1983375 61500 61500 54300 7200
CBOE NASDAQ 100 INDEX OPTION 32999W9V9 462938 15 15 15
FOCAL INC COMMON 343909107 179375 70000 70000 70000
FOREST OIL CORP COMMON 346091606 777000 48000 48000 48000
FRIEDE GOLDMAN HALTER IN COMMON 358430106 565000 80000 80000 80000
FUELCELL ENERGY INC COMMON 35952H106 1000838 10400 10400 10400
GADZOOKS INC COMMON 362553109 277063 15500 15500 15500
GAYLORD CONTAINER CORP COMMON 368145108 7926473 4529413 4529413 4529413
GENERAL ELEC CO COMMON 369604103 1543141 26750 26750 24050 2700
GENOME THERAPEUTICS CORP COMMON 372430108 246750 12000 12000 12000
GENSTAR THERAPEUTICS COR COMMON 37248D105 495000 45000 45000 45000
GIGA TRONICS INC COMMON 375175106 576406 85000 85000 85000
GLENBOROUGH RLTY TR INC COMMON 37803P105 336600 18700 18700 18700
GREAT LAKES REIT INC COMMON 390752103 347500 20000 20000 20000
HARLEY DAVIDSON INC COMMON 412822108 4098100 85600 85600 85600
HARMAN INTL INDS INC COMMON 413086109 242420 6200 6200 6200
HARTFORD FINL SVCS GROUP COMMON 416515104 437625 6000 6000 6000
EXPAND NETWORKS LTD COMMON 425990108 475002 201272 201272 201272
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 22201229 5328850 5328850 5318950 9900
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 6
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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>
HI / FN INC COMMON 428358105 422375 6200 6200 6200
HIBBETT SPORTING GOODS I COMMON 428565105 265000 10000 10000 10000
HOMESEEKERS COM INC COMMON 437605108 42656 17500 17500 17500
HUMAN GENOME SCIENCES IN COMMON 444903108 519375 3000 3000 3000
IMPATH INC COMMON 45255G101 441875 7000 7000 7000
INPUT/OUTPUT INC COMMON 457652105 770000 80000 80000 80000
INNKEEPERS USA TR COMMON 4576J0104 338250 33000 33000 33000
INTEL CORP COMMON 458140100 1504563 36200 36200 32900 3300
INTERPUBLIC GROUP COS IN COMMON 460690100 1328438 39000 39000 39000
INTERSTATE NATL DEALER S COMMON 46102P104 243438 41000 41000 41000
INVESTMENT TECHNOLOGY GR COMMON 46145F105 1869075 46800 46800 42000 4800
I2 TECHNOLOGIES INC COMMON 465754109 374125 2000 2000 2000
JUNIPER NETWORKS INC COMMON 48203R104 656813 3000 3000 3000
KAYDON CORP COMMON 486587108 1167250 50750 50750 46150 4600
KNIGHT TRADING GROUP INC COMMON 499068104 216000 6000 6000 6000
LA JOLLA PHARMACEUTICAL COMMON 503459109 949875 102000 102000 102000
LABRANCHE & CO INC COMMON 505447102 584063 17500 17500 17500
LEXICON GENETICS INC COMMON 528872104 284625 9000 9000 9000
MACK CALI RLTY CORP COMMON 554489104 352344 12500 12500 12500
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 12330138 522450 522450 509750 12700
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 7
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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>
MARINE DRILLING COS INC COMMON 568240204 656938 23000 23000 23000
MARKETCENTRAL NET CORP COMMON 57059T106 51590 55000 55000 55000
MARSH & MCLENNAN COS INC COMMON 571748102 398250 3000 3000 3000
MEDIMMUNE INC COMMON 584699102 463500 6000 6000 6000
MEDICONSULT COM INC COMMON 58469J100 20391 22500 22500 22500
MELLON FINL CORP COMMON 58551A108 4118657 88812 88812 86692 2120
MENS WEARHOUSE INC COMMON 587118100 212344 7500 7500 7500
MERCK & CO INC COMMON 589331107 1772208 23808 23808 21276 2532
METRETEK TECHNOLOGIES IN COMMON 59159Q107 132000 48000 48000 48000
MICROSEMI CORP COMMON 595137100 266875 7000 7000 7000
MICROTUNE INC DEL COMMON 59514P109 321375 6000 6000 6000
MIDCOM COMMUNICATIONS IN BND CV 59563XAA0 64000 6400000 6400000 6400000
MIDCOM COMMUNICATIONS IN BND CV 59563XAC6 64000 6400000 6400000 6400000
MILLENNIUM PHARMACEUTICA COMMON 599902103 438188 3000 3000 3000
MYRIAD GENETICS INC COMMON 62855J104 829200 9600 9600 9600
NETMANAGE INC COMMON 641144100 193588 91100 91100 91100
NEUROGEN CORP COMMON 64124E106 280125 9000 9000 9000
NEWPARK RES INC COMMON 651718504 212750 23000 23000 23000
NICE SYS LTD COMMON 653656108 273600 3800 3800 3800
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 10769576 13230120 13230120 13225468 4652
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 8
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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>
99 CENTS ONLY STORES COMMON 65440K106 225844 4500 4500 4500
NORTH FORK BANCORPORATIO COMMON 659424105 404388 18700 18700 18700
NUCENTRIX BROADBAND NETW COMMON 670198100 25499822 995115 995115 995115
OSI PHARMACEUTICALS INC COMMON 671040103 805000 11500 11500 11500
OCEAN ENERGY INC TEX COMMON 67481E106 463125 30000 30000 30000
ORCKIT COMMUNICATIONS LT BND CV 685725AA1 558750 1000000 1000000 1000000
OSHKOSH TRUCK CORP COMMON 688239201 240250 6200 6200 6200
PE CORP PE BIOSYS GROUP COMMON 69332S102 349500 3000 3000 3000
PNC FINL SVCS GROUP INC COMMON 693475105 1534000 23600 23600 21600 2000
PACIFIC GULF PPTYS INC COMMON 694396102 529650 19800 19800 19800
PALL CORP COMMON 696429307 941050 47200 47200 44300 2900
PANJA INC COMMON 698493103 987500 100000 100000 100000
PARADIGM GEOPHYSICAL LTD COMMON 69900J104 334750 52000 52000 52000
PARADIGM GENETICS INC COMMON 69900R106 417813 17500 17500 17500
PARKER DRILLING CO COMMON 701081101 301000 43000 43000 43000
PARKWAY PPTYS INC COMMON 70159Q104 204350 6700 6700 6700
PATTERSON ENERGY INC COMMON 703414102 653125 19000 19000 19000
PENNACO ENERGY INC COMMON 708046107 729750 42000 42000 42000
PETROQUEST ENERGY INC COMMON 716748108 560000 160000 160000 160000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 35739666 2599815 2599815 2594915 4900
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 9
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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>
PHARMACYCLICS INC COMMON 716933106 223313 4500 4500 4500
PFIZER INC COMMON 717081103 1552591 34550 34550 31400 3150
PHARMACEUTICAL PROD DEV COMMON 717124101 239063 9000 9000 9000
PHARMOS CORP COMMON 717139208 216563 66000 66000 66000
PHILIP SVCS CORP COMMON 71819M103 950 10000 10000 10000
PHILLIPS PETE CO COMMON 718507106 376500 6000 6000 6000
PHYSICIANS RESOURCE GROU COMMON 71941S101 9375 625000 625000 625000
PHYSICIANS RESOURCE GROU BND CV 71941SAA9 83188700 118841000 118841000 118841000
PIER 1 IMPORTS INC COMMON 720279108 640828 47250 47250 47250
PROJECT SOFTWARE & DEV I COMMON 74339P101 155469 10000 10000 10000
PROLOGIS TR COMMON 743410102 451250 19000 19000 19000
PROTEIN DESIGN LABS INC COMMON 74369L103 482000 4000 4000 4000
RADIOSHACK CORP COMMON 750438103 1292500 20000 20000 20000
RANGER INDS INC COMMON 752907105 95575 65072 65072 65072
RARE HOSPITALITY INTL IN COMMON 753820109 285250 14000 14000 14000
RECKSON ASSOCS RLTY CORP COMMON 75621K106 889950 34900 34900 34900
RESMED INC COMMON 761152107 281250 9000 9000 9000
REYNOLDS & REYNOLDS CO COMMON 761695105 1496588 75300 75300 62700 12600
SCC COMMUNICATIONS CORP COMMON 78388X105 562500 75000 75000 75000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 92440212 119969572 119969572 119953822 15750
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 10
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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>
SDL INC COMMON 784076101 309313 1000 1000 1000
SL GREEN RLTY CORP COMMON 78440X101 839069 29900 29900 29900
SCHLUMBERGER LTD COMMON 806857108 934247 11350 11350 11350
SHARPER IMAGE CORP COMMON 820013100 317250 18000 18000 18000
SIEBEL SYS INC COMMON 826170102 389594 3500 3500 3500
SIGMA ALDRICH CORP COMMON 826552101 1887600 57200 57200 48200 9000
SKYMALL INC COMMON 830859104 130688 51000 51000 51000
SMARTALK TELESERVICES IN BND CV 83169AAA8 30540120 58731000 58731000 58731000
SMARTALK TELESERVICES IN BND CV 83169AAC4 31548400 60670000 60670000 60670000
SMITH CHARLES E RESDNTL COMMON 832197107 726000 16000 16000 16000
SONOCO PRODS CO COMMON 835495102 1320098 73085 73085 62463 10622
SOVEREIGN BANCORP INC COMMON 845905108 259000 28000 28000 28000
SPIEKER PPTYS INC COMMON 848497103 316594 5500 5500 5500
STATE STR CORP COMMON 857477103 390000 3000 3000 3000
STRATOSPHERE CORP COMMON 863106308 2289560 57239 57239 57239
SWIFT ENERGY CO COMMON 870738101 261844 6300 6300 6300
THCG INC COMMON 87242T101 351000 117000 117000 117000
TALBOTS INC COMMON 874161102 231875 3500 3500 3500
TELEHUBLINK CORP COMMON 87942L101 199500 42000 42000 42000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 73241750 119924574 119924574 119904952 19622
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 11
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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>
TENET HEALTHCARE CORP COMMON 88033G100 3324311 91390 91390 91390
TENGASCO INC COMMON 88033R205 237938 27000 27000 27000
TEVA PHARMACEUTICAL INDS COMMON 881624209 219563 3000 3000 3000
TEXACO INC COMMON 881694103 252000 4800 4800 4800
TIFFANY & CO NEW COMMON 886547108 308500 8000 8000 8000
TIME WARNER INC COMMON 887315109 939000 12000 12000 12000
TRANS WORLD AIRLS INC COMMON 893349837 89446 47077 47077 47077
TRANSKARYOTIC THERAPIES COMMON 893735100 258375 6000 6000 6000
TRICO MARINE SERVICES IN COMMON 896106101 285750 18000 18000 18000
TULARIK INC COMMON 899165104 518100 15700 15700 15700
TUPPERWARE CORP COMMON 899896104 869400 48300 48300 45000 3300
TUT SYSTEMS COMMON 901103101 371144 4300 4300 4300
UTI ENERGY CORP COMMON 903387108 401625 9000 9000 9000
UNIVERSAL FOODS CORP COMMON 913538104 1664638 81700 81700 68700 13000
VAIL RESORTS INC COMMON 91879Q109 202500 10000 10000 10000
VARIAN MED SYS INC COMMON 92220P105 203344 4500 4500 4500
VENATOR GROUP INC COMMON 922944103 259875 21000 21000 21000
VERIZON COMMUNICATIONS COMMON 92343V104 317895 6563 6563 6563
VERSICOR INC COMMON 925314106 270000 18000 18000 18000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 10993403 436330 436330 420030 16300
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 12
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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>
VORNADO RLTY TR COMMON 929042109 872438 23500 23500 23500
WELLSFORD REAL PPTYS INC COMMON 950240200 443052 22433 22433 22433
WIND RIVER SYSTEMS INC COMMON 973149107 335563 7000 7000 7000
WOLVERINE TUBE INC COMMON 978093102 1330569 89450 89450 78950 10500
WORLDCOM INC GA NEW COMMON 98157D106 831121 27362 27362 27362
ZORAN CORP COMMON 98975F101 243750 5000 5000 5000
ASIACONTENT COM LTD COMMON G05354108 84375 30000 30000 30000
BOS BETTER ONLINE SOLUTI COMMON M20115107 280500 40800 40800 40800
BREEZECOM LTD COMMON M20385106 3088391 110312 110312 110312
CHECK POINT SOFTWARE TEC COMMON M22465104 315000 2000 2000 2000
CIMATRON LTD COMMON M23798107 246824 108200 108200 108200
COMPUGEN LTD COMMON M25722105 258500 18800 18800 18800
ELBIT VISION SYS LTD COMMON M37576101 199375 159500 159500 159500
FUNDTECH LTD COMMON M47095100 262453 11000 11000 11000
GILAT SATELLITE NETWORKS COMMON M51474100 476625 6200 6200 6200
HEALTHCARE TECHNOLOGIES COMMON M5296L135 135150 63600 63600 63600
ISG INTL SOFTWARE GROUP COMMON M5733B104 172463 14600 14600 14600
NEXUS TELOCATION SYS LTD COMMON M74919107 210219 96100 96100 96100
NOVA MEASURING INSTRUMEN COMMON M7516K103 223000 22300 22300 22300
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 10009366 858157 858157 847657 10500
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F 9/30/00
REPORTING MANAGER; M. D. SASS PAGE 13
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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>
ORBOTECH LTD COMMON M75253100 328125 6000 6000 6000
POINT OF SALE LTD COMMON M7945W108 271138 10900 10900 10900
RADVIEW SOFTWARE LTD COMMON M81867109 100038 15100 15100 15100
RIT TECHNOLOGIES LTD COMMON M8215N109 306313 29000 29000 29000
TOP IMAGE SYSTEMS LTD COMMON M87896102 91688 16300 16300 16300
TIOGA TECHNOLOGIES LTD COMMON M8789G100 325019 39100 39100 39100
TOWER SEMICONDUCTOR LTD COMMON M87915100 242000 11000 11000 11000
SAPIENS INTL CORP N V COMMON N7716A102 366575 94600 94600 94600
PHYSICIANS RESOURCE GROU BND CV VV4011548 245000 350000 350000 350000
OMI CORP NEW COMMON Y6476W104 368500 44000 44000 44000
--------- --------- --------- --------- --------- --------- --------- ---------
COLUMN TOTALS 2644394 616000 616000 616000
--------- --------- --------- --------- --------- --------- --------- ---------
REPORT TOTALS 434694227 276916532 276916532 276757208 159324
========= ========= ========= ========= ========= ========= ========= =========
</TABLE>
