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 29, 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: KRAMER SPELLMAN, L.P.
Address: 2050 CENTER AVENUE, SUITE 300
FORT LEE, NEW JERSEY 07024
13 File Number: 28-xxxx
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
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: ORIN S. KRAMER
Title: GENERAL PARTNER
Phone: 201-592-1234
Signature, Place and Date of Signing:
ORIN S. KRAMER October 27, 2000
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934
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FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 43
Form 13F Information Table Value Total: 28400
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP x($1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D ADVANTA CORP USD.01 CL-B NONVT COMMON STOCK 007942204 81 10000 SH SOLE 10000 0 0
D AETNA INC COM COMMON STOCK 008117103 581 10000 SH SOLE 10000 0 0
D AMBASE CORP COM COMMON STOCK 023164106 738 996900 SH SOLE 996900 0 0
D AMERICAN CAPITAL STRATEGIES COMMON STOCK 024937104 715 30200 SH SOLE 30200 0 0
D COASTAL BANCORP INC COM COMMON STOCK 19041P105 211 11800 SH SOLE 11800 0 0
D COUNTRYWIDE CR INDS INC COM COMMON STOCK 222372104 755 20000 SH SOLE 20000 0 0
D COUNTRYWIDE CR INDS INC COM OPTIONS - CALLS 2223720JG 378 10000 SH CALL SOLE 10000 0 0
D COUNTRYWIDE CR INDS INC COM OPTIONS - CALLS 2223720JH 378 10000 SH CALL SOLE 10000 0 0
D DIME BANCORP INC NEW, COM COMMON STOCK 25429Q102 216 10000 SH SOLE 10000 0 0
D DYNEX CAPITAL INC 9.55% SER B PFRD STK CONV SU 26817Q308 272 35000 SH SOLE 35000 0 0
D EQUANT NV NY REGISTR Y SHS ADRS STOCKS 294409107 1115 30400 SH SOLE 30400 0 0
D FINOVA GROUP INC COM COMMON STOCK 317928109 73 10000 SH SOLE 10000 0 0
D FIRST INVS FINL SVCS GROUP IN COMMON STOCK 32058A101 109 28200 SH SOLE 28200 0 0
D GLOBAL TELESYSTEMS INC COMMON STOCK 37936U104 2067 453000 SH SOLE 453000 0 0
D GOLDMAN SACHS GROUP INC COMMON STOCK 38141G104 228 2000 SH SOLE 2000 0 0
D IMPERIAL CREDIT INDS INC COMMON STOCK 452729106 146 91650 SH SOLE 91650 0 0
D INDYMAC BANCORP, INC COM STK COMMON STOCK 456607100 267 13000 SH SOLE 13000 0 0
D INFONET SERVICES CORPORATION COMMON STOCK 45666T106 264 25000 SH SOLE 25000 0 0
D INFONET SERVICES CORPORATION OPTIONS - CALLS 45666T0JC 211 20000 SH CALL SOLE 20000 0 0
D LNR PROPERTY CORP COM COMMON STOCK 501940100 2272 102700 SH SOLE 102700 0 0
D METRIS COMPANIES INC COM COMMON STOCK 591598107 316 8000 SH SOLE 8000 0 0
D NAVISTAR INTL CORP NEW COMMON STOCK 63934E108 2730 91200 SH SOLE 91200 0 0
D NAVISTAR INTL CORP NEW OPTIONS - CALLS 63934E0JG 225 7500 SH CALL SOLE 7500 0 0
D NAVISTAR INTL CORP NEW OPTIONS - CALLS 63934E0JH 299 10000 SH CALL SOLE 10000 0 0
D OCWEN FINL CORP COM COMMON STOCK 675746101 1463 249008 SH SOLE 249008 0 0
D PACIFIC CENTURY FINL CORP COMMON STOCK 694058108 497 29000 SH SOLE 29000 0 0
D PACIFIC CREST CAP INC COM COMMON STOCK 694166109 828 58900 SH SOLE 58900 0 0
D PACIFIC UNION BANK COMMON STOCK 695025106 539 57500 SH SOLE 57500 0 0
D RESOURCE AMER INC CL A COM NEW COMMON STOCK 761195205 3741 440100 SH SOLE 440100 0 0
D RESOURCE ASSET INVT TRUST COMMON STOCK 761196104 461 36600 SH SOLE 36600 0 0
D REVLON INC CL A COM COMMON STOCK 761525500 135 20200 SH SOLE 20200 0 0
D RYDER SYSTEM INC COMMON STOCK 783549108 1676 90900 SH SOLE 90900 0 0
D RYDER SYSTEM INC OPTIONS - CALLS 7835490JD 277 15000 SH CALL SOLE 15000 0 0
D RYDER SYSTEM INC OPTIONS - CALLS 7835490JX 184 10000 SH CALL SOLE 10000 0 0
D RYDER SYSTEM INC OPTIONS - CALLS 7835490KD 184 10000 SH CALL SOLE 10000 0 0
D RYDER SYSTEM INC OPTIONS - PUTS 7835490VD 811 44000 SH PUT SOLE 44000 0 0
D RYDER SYSTEM INC OPTIONS - PUTS 7835490VX 277 15000 SH PUT SOLE 15000 0 0
D SBC COMMUNICATIONS INC COM COMMON STOCK 78387G103 325 6500 SH SOLE 6500 0 0
D TRUST CO N J JERSEY CITY NEW COMMON STOCK 898304100 539 32200 SH SOLE 32200 0 0
D UGLY DUCKLING CORP COM COMMON STOCK 903512101 237 40730 SH SOLE 40730 0 0
D UNIONBANCAL CORP COM STK COMMON STOCK 908906100 1562 67000 SH SOLE 67000 0 0
D WILSHIRE REAL ESTATE INVSTMENT REITS/RICS 971892104 549 195100 SH SOLE 195100 0 0
D WMS INDS INC COM COMMON STOCK 929297109 205 9100 SH SOLE 9100 0 0
S REPORT SUMMARY 43 DATA RECORDS 29137 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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