<PAGE>
THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON FEBRUARY
15, 1999 PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH THAT
REQUEST WAS DENIED ON OCTOBER 7, 1999.
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, 1998
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[X] adds new holdings entries
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9/TH/ FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
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: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
/s/ Gerald A. Beeson CHICAGO, ILLINOIS 11/1/99
- ------------------------------------- ----------------- -------
[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).)
<PAGE>
FORM 13F SUMMARY PAGE
Report Summary:
This amendment also contains all risk arbitrage positions for which confidential
treatment was previously requested.
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 296
Form 13F Information Table Value Total: $1,708,186 (thousands)
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 1 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
APPLE COMPUTER INC 6.000% - CB 037833AE0 101,392,015 69,486 X
- ------------------------------------------------------------------------------------------------------------------------------------
ABI 40.000 STRIKE CALL 04/ - Opt(C) 024456105 3,000,000 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB 048396AA3 210,823 75 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB 048396AC9 15,435,033 5,491 X
- ------------------------------------------------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% C - CB 004933AB3 713,078 750 X
- ------------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. - CB 577777AA3 3,337,566 1,980 X
- ------------------------------------------------------------------------------------------------------------------------------------
AEHR TEST SYSTEMS INC - Cmn 00760J108 189,875 31,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALLEGIANCE CORP - Cmn 017475104 28,759,606 616,828 X
- ------------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD - Pfd 1034305 6,586,555 129,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC - Cmn 18490102 213,675 3,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALKERMES, INC 6.5% - Pfd 01642T405 903,263 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP - Cmn 21441100 492,722 8,094 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALLEGENY TELEDYNE, INC. - Cmn 17415100 273,863 13,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIAL - Cmn 38222105 1,391,613 32,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 162,899,685
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
----------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
APPLE COMPUTER INC 6.000% - CB n/a n/a
- ------------------------------------------------------------------------------------------
ABI 40.000 STRIKE CALL 04/ - Opt(C) n/a n/a
- ------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB n/a n/a
- ------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB n/a n/a
- ------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% C - CB n/a n/a
- ------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. - CB n/a n/a
- ------------------------------------------------------------------------------------------
AEHR TEST SYSTEMS INC - Cmn n/a X
- ------------------------------------------------------------------------------------------
ALLEGIANCE CORP - Cmn n/a X
- ------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD - Pfd n/a n/a
- ------------------------------------------------------------------------------------------
ALLERGAN INC - Cmn n/a X
- ------------------------------------------------------------------------------------------
ALKERMES, INC 6.5% - Pfd n/a n/a
- ------------------------------------------------------------------------------------------
ALTERA CORP - Cmn n/a X
- ------------------------------------------------------------------------------------------
ALLEGENY TELEDYNE, INC. - Cmn n/a X
- ------------------------------------------------------------------------------------------
APPLIED MATERIAL - Cmn n/a X
- ------------------------------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 2 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ADVANCED MICRO DEVICES - Cmn 7903107 3,004,400 103,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMGEN INC - Cmn 31162100 2,425,850 23,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMP INC - Cmn 31897101 30,226,082 580,573 X
- ------------------------------------------------------------------------------------------------------------------------------------
AON CORP - Cmn 37389103 243,650 4,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 4% CB DUE 11/15/02 - CB 02364JAB0 277,932,636 46,554 X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MAGNETICS 7.000% - CB 038213AA2 254,089 590 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN STORES - Cmn 30096101 26,984,691 730,550 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASM LITHOGRAPHY HOLDING - Cmn N07059111 1,067,500 35,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP - Cmn 49513104 189,875 12,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASPT 25.000 STRIKE PUT - Opt (P) 045237104 406,250 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATRIX LABS. 7% REG CB 12/1 - CB 04962LAC5 355,219 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARTERIAL VASCULAR ENGR - Cmn 043013101 21,000,000 400,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIRON - Cmn 53762100 1,094,513 42,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BLACK & DECKER CORP - Cmn 91797100 2,102,344 37,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 367,287,097
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
----------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ADVANCED MICRO DEVICES - Cmn n/a X
- ---------------------------------------------------------------------------------
AMGEN INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AMP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AOL 4% CB DUE 11/15/02 - CB n/a n/a
- ---------------------------------------------------------------------------------
APPLIED MAGNETICS 7.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
AMERICAN STORES - Cmn n/a X
- ---------------------------------------------------------------------------------
ASM LITHOGRAPHY HOLDING - Cmn n/a X
- ---------------------------------------------------------------------------------
ATMEL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ASPT 25.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ATRIX LABS. 7% REG CB 12/1 - CB n/a n/a
- ---------------------------------------------------------------------------------
ARTERIAL VASCULAR ENGR - Cmn n/a X
- ---------------------------------------------------------------------------------
AVIRON - Cmn n/a X
- ---------------------------------------------------------------------------------
BLACK & DECKER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 3 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
BECTON DICKINSON & CO - Cmn 75887109 781,181 18,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
FRANKLIN RESOURCES INC - Cmn 354613101 435,200 13,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON - Cmn 06605R106 3,558,888 91,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
BALLARD MEDICAL PRODUCTS - Cmn 58566100 4,862,500 200,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC - Cmn 84670108 41,300,000 590 X
- ------------------------------------------------------------------------------------------------------------------------------------
BERKSHIRE HATHAWAYS - CL - Cmn 84670207 512,300 218 X
- ------------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COMPANIES - Cmn 73902108 535,356 14,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANKERS TRUST CORP - Cmn 66365107 1,580,594 18,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
GREYHOUND LINES 11.500% - CB 398048AH1 4,674,000 4,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
COOPER IND INTO WYMN - 6% - Pfd 216669606 506,250 50,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP - Cmn 171232101 3,334,625 51,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB 20589TAA1 1,687,163 1,950 X
- ------------------------------------------------------------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB 126545AD4 12,930,352 13,692 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP - Cmn 151313103 8,208,373 425,029 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 84,906,781
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
----------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BECTON DICKINSON & CO - Cmn n/a X
- ---------------------------------------------------------------------------------
FRANKLIN RESOURCES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BANKBOSTON - Cmn n/a X
- ---------------------------------------------------------------------------------
BALLARD MEDICAL PRODUCTS - Cmn n/a X
- ---------------------------------------------------------------------------------
BERKSHIRE HATHAWAY INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BERKSHIRE HATHAWAYS - CL - Cmn n/a X
- ---------------------------------------------------------------------------------
BEAR STEARNS COMPANIES - Cmn n/a X
- ---------------------------------------------------------------------------------
BANKERS TRUST CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GREYHOUND LINES 11.500% - CB n/a n/a
- ---------------------------------------------------------------------------------
COOPER IND INTO WYMN - 6% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
CHUBB CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CENDANT CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 4 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CRESENT REAL ESTATE 6.75% - Pfd 225756204 548,438 33,750 X
- ------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID - CB 109473AC2 4,350,667 12,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB 153527AC0 2,609,655 3,105 X
- ------------------------------------------------------------------------------------------------------------------------------------
CERIDIAN CORP - Cmn 15677T106 1,123,981 16,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% - CB 170268AC0 432,462 459 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% - CB 162825AB9 1,964,790 2,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS 4.25% - CB 12561EAB1 3,290,337 3,593 X
- ------------------------------------------------------------------------------------------------------------------------------------
CAREMATRIX 6.25% - CB 141706AC5 4,134,909 3,515 X
- ------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB 225302AC2 2,610,516 3,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMPASS INTL SVCS CORP - Cmn 20450K108 1,276,581 200,248 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMPTRONIX 6.000% CV - Pfd 20476C205 668 44,544 X
- ------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn 125896100 1,695,313 35,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP - Cmn 147619100 2,514 160,906 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. - Cmn 208464107 7,350,500 241,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,391,331
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 7: Voting Authority (Shares)
----------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CRESENT REAL ESTATE 6.75% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
BRIGHTPOINT 0% OID - CB n/a n/a
- ---------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CERIDIAN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
CKE RESTAURANTS 4.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
CAREMATRIX 6.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
COMPASS INTL SVCS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COMPTRONIX 6.000% CV - Pfd n/a n/a
- ---------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CASMYN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CONSECO INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 5 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CENTOCOR INC 4.75% CB - CB 152342AE1 16,974,840 15,500 X
- --------------------------------------------------------------------------------------------------------------------------------
CAPSTAR BROADCASTING CORP - Cmn 14067G105 34,234,725 1,496,600 X
- --------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB - CB 172755AC4 9,025,282 12,400 X
- --------------------------------------------------------------------------------------------------------------------------------
COMPUTER SCIENCES CORP - Cmn 205363104 1,721,900 26,800 X
- --------------------------------------------------------------------------------------------------------------------------------
CENTEX CORP - Cmn 152312104 653,406 14,500 X
- --------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC. - Cmn 172967101 7,323,938 147,400 X
- --------------------------------------------------------------------------------------------------------------------------------
CVS CORP - Cmn 126650100 335,500 6,100 X
- --------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR - CB 232806109 133,000 16,000 X
- --------------------------------------------------------------------------------------------------------------------------------
DANKA BUSINESS SYSTEMS - CB 236277AB5 1,350,000 4,000 X
- --------------------------------------------------------------------------------------------------------------------------------
DCX 110.00 STRIKE PUT - Opt (P) 39703408 472,500 350 X
- --------------------------------------------------------------------------------------------------------------------------------
DAIMLERCHRYSLER AG - Cmn D1668R123 3,348,547 34,858 X
- --------------------------------------------------------------------------------------------------------------------------------
DILLARD DEPT STORES INC - Cmn 254067101 368,875 13,000 X
- --------------------------------------------------------------------------------------------------------------------------------
DOLLAR GEN CORP - Cmn 256669102 5,372,325 227,400 X
- --------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO - Cmn 254687106 1,431,000 47,700 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 82,745,837
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CENTOCOR INC 4.75% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
CAPSTAR BROADCASTING CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
COMPUTER SCIENCES CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
CENTEX CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
CITIGROUP INC. - Cmn n/a X
- ----------------------------------------------------------------------------------
CVS CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR - CB n/a n/a
- ----------------------------------------------------------------------------------
DANKA BUSINESS SYSTEMS - CB n/a n/a
- ----------------------------------------------------------------------------------
DCX 110.00 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
DAIMLERCHRYSLER AG - Cmn n/a X
- ----------------------------------------------------------------------------------
DILLARD DEPT STORES INC - Cmn n/a X
- ----------------------------------------------------------------------------------
DOLLAR GEN CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
DISNEY WALT CO - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 6 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
DECS TRUST I 8.5% DEBT - Pfd 233185206 111,000 12,000 X
- --------------------------------------------------------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM - Cmn 261878102 2,860,138 189,100 X
- --------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% - CB 26632SAA7 3,260,095 4,456 X
- --------------------------------------------------------------------------------------------------------------------------------
EAGLE HARDWARE & GARDEN 6 - CB 26959BAA9 2,688,306 1,505 X
- --------------------------------------------------------------------------------------------------------------------------------
EAGLE HARDWARE & GARDEN - Cmn 26959B101 19,981,000 614,800 X
- --------------------------------------------------------------------------------------------------------------------------------
ELSAG BAILEY PROCESS AUTO - Cmn 000441947 37,078,763 947,700 X
- --------------------------------------------------------------------------------------------------------------------------------
EASTERN ENVIRONMENTAL - Cmn 276369105 13,544,550 457,200 X
- --------------------------------------------------------------------------------------------------------------------------------
EQUIFAX INC - Cmn 294429105 581,188 17,000 X
- --------------------------------------------------------------------------------------------------------------------------------
ELAN PLC ADR 1:1 - Cmn 284131208 356,681 5,100 X
- --------------------------------------------------------------------------------------------------------------------------------
EMISPHERE TECHNOLOGIES - Cmn 291345106 498,406 31,898 X
- --------------------------------------------------------------------------------------------------------------------------------
ENVOY CORPORATION - Cmn 293982104 17,871,100 306,800 X
- --------------------------------------------------------------------------------------------------------------------------------
EQUITY CORP INTL - Cmn 294644109 9,700,625 365,200 X
- --------------------------------------------------------------------------------------------------------------------------------
ESC MEDICAL SYS. 6% CB - CB 269025AB8 2,763,322 3,785 X
- --------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP - Cmn 302051107 848,250 52,200 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 112,143,423
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
DECS TRUST I 8.5% DEBT - Pfd n/a n/a
- ----------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM - Cmn n/a X
- ----------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% - CB n/a n/a
- ----------------------------------------------------------------------------------
EAGLE HARDWARE & GARDEN 6 - CB n/a n/a
- ----------------------------------------------------------------------------------
EAGLE HARDWARE & GARDEN - Cmn n/a X
- ----------------------------------------------------------------------------------
ELSAG BAILEY PROCESS AUTO - Cmn n/a X
- ----------------------------------------------------------------------------------
EASTERN ENVIRONMENTAL - Cmn n/a X
- ----------------------------------------------------------------------------------
EQUIFAX INC - Cmn n/a X
- ----------------------------------------------------------------------------------
ELAN PLC ADR 1:1 - Cmn n/a X
- ----------------------------------------------------------------------------------
EMISPHERE TECHNOLOGIES - Cmn n/a X
- ----------------------------------------------------------------------------------
ENVOY CORPORATION - Cmn n/a X
- ----------------------------------------------------------------------------------
EQUITY CORP INTL - Cmn n/a X
- ----------------------------------------------------------------------------------
ESC MEDICAL SYS. 6% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
EXIDE CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 7 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIRST AMERICAN CORP/TN - Cmn 318900107 306,188 6,900 X
- --------------------------------------------------------------------------------------------------------------------------------
FIRST BRANDS CORP - Cmn 319356101 44,919,313 1,139,000 X
- --------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% - CB 31410HAF8 480,938 450 X
- --------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn 31410H101 564,134 12,950 X
- --------------------------------------------------------------------------------------------------------------------------------
FDX CORPORATION - Cmn 31304N107 891,875 10,000 X
- --------------------------------------------------------------------------------------------------------------------------------
FAMILY GOLF CENTERS 5.75% - CB 30701AAC0 1,655,046 1,800 X
- --------------------------------------------------------------------------------------------------------------------------------
FISERV INC - Cmn 337738108 298,338 5,800 X
- --------------------------------------------------------------------------------------------------------------------------------
FLEETWOOD CAPITAL TRUST 6 - Pfd 339072407 15,097,361 319,900 X
- --------------------------------------------------------------------------------------------------------------------------------
FRED MEYER INC - Cmn 592907109 14,152,725 234,900 X
- --------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC - Cmn 302571104 616,250 10,000 X
- --------------------------------------------------------------------------------------------------------------------------------
FOREST LABORATORIES -CL A - Cmn 345838106 244,663 4,600 X
- --------------------------------------------------------------------------------------------------------------------------------
FRONTIER INS GRP INC - Cmn 359081106 160,938 12,500 X
- --------------------------------------------------------------------------------------------------------------------------------
FUISZ TECH 7% CB DUE 10/15 - CB 359536AB5 2,370,192 2,200 X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL LIGHT TELECOMM INC - Cmn 37934X100 225,000 50,000 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 81,982,958
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
FIRST AMERICAN CORP/TN - Cmn n/a X
- ----------------------------------------------------------------------------------
FIRST BRANDS CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% - CB n/a n/a
- ----------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn n/a X
- ----------------------------------------------------------------------------------
FDX CORPORATION - Cmn n/a X
- ----------------------------------------------------------------------------------
FAMILY GOLF CENTERS 5.75% - CB n/a n/a
- ----------------------------------------------------------------------------------
FISERV INC - Cmn n/a X
- ----------------------------------------------------------------------------------
FLEETWOOD CAPITAL TRUST 6 - Pfd n/a n/a
- ----------------------------------------------------------------------------------
FRED MEYER INC - Cmn n/a X
- ----------------------------------------------------------------------------------
FPL GROUP INC - Cmn n/a X
- ----------------------------------------------------------------------------------
FOREST LABORATORIES -CL A - Cmn n/a X
- ----------------------------------------------------------------------------------
FRONTIER INS GRP INC - Cmn n/a X
- ----------------------------------------------------------------------------------
FUISZ TECH 7% CB DUE 10/15 - CB n/a n/a
- ----------------------------------------------------------------------------------
GLOBAL LIGHT TELECOMM INC - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 8 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
GETTY IMAGES INC - Cmn 374276103 2,022,969 117,700 X
- --------------------------------------------------------------------------------------------------------------------------------
GETCHELL GOLD CORP - Cmn 374265106 8,414,800 308,800 X
- --------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE - Cmn 379352404 410,400 45,600 X
- --------------------------------------------------------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP - Cmn 373298108 1,141,969 19,500 X
- --------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE - Cmn 382550101 5,457,338 108,200 X
- --------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO - Cmn 406216101 2,660,325 89,800 X
- --------------------------------------------------------------------------------------------------------------------------------
HBO & CO - Cmn 404100109 3,442,500 120,000 X
- --------------------------------------------------------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% - CB 403917AD9 1,585,820 2,000 X
- --------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% - CB 40425PAA5 8,851,143 7,987 X
- --------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP 3.25% - CB 421924AF8 2,568,840 3,000 X
- --------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT - Opt (P) 421924101 481,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP - Cmn 421924101 3,254,225 210,800 X
- --------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO - Cmn 428236103 751,438 11,000 X
- --------------------------------------------------------------------------------------------------------------------------------
INTERDIGITAL COMM - Cmn 45866A105 55,206 12,100 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 41,098,222
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GETTY IMAGES INC - Cmn n/a X
- ----------------------------------------------------------------------------------
GETCHELL GOLD CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
GLOBAL MARINE - Cmn n/a X
- ----------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
GOODYEAR TIRE - Cmn n/a X
- ----------------------------------------------------------------------------------
HALLIBURTON CO - Cmn n/a X
- ----------------------------------------------------------------------------------
HBO & CO - Cmn n/a X
- ----------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% - CB n/a n/a
- ----------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% - CB n/a n/a
- ----------------------------------------------------------------------------------
HEALTHSOUTH CORP 3.25% - CB n/a n/a
- ----------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
HEALTHSOUTH CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
HEWLETT PACKARD CO - Cmn n/a X
- ----------------------------------------------------------------------------------
INTERDIGITAL COMM - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 9 of 22 Name of Reporting Manager Citadel Limited Partnership
- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
INTEL CMN STOCK - Cmn 458140100 1,505,744 12,700 X
- --------------------------------------------------------------------------------------------------------------------------------
IP 45.000 STRIKE PUT 04/17 - Opt (P) 460146103 1,275,000 4,000 X
- --------------------------------------------------------------------------------------------------------------------------------
NTLI 45.000 STRIKE PUT 06 - Opt (P) 629407107 281,250 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
INGERSOLL RANJACD CO - Cmn 456866102 1,979,775 41,900 X
- --------------------------------------------------------------------------------------------------------------------------------
JACOR COMMUNIPENCATIONS - Cmn 469858401 35,219,563 547,100 X
- --------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC - Cmn 708160106 6,375,000 136,000 X
- --------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB 805897AA3 1,195,151 1,357 X
- --------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC - Cmm 480074103 1,665,719 75,500 X
- --------------------------------------------------------------------------------------------------------------------------------
JTS CORP - Cmn 465940104 503 50,276 X
- --------------------------------------------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% - Pfd 486168503 1,049,875 113,500 X
- --------------------------------------------------------------------------------------------------------------------------------
K MART CORP - Cmn 482584109 799,313 52,200 X
- --------------------------------------------------------------------------------------------------------------------------------
KUHLMAN CORP - Cmn 501206106 2,689,125 71,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL - Opt (C) 37833100 1,331,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT - Opt (P) 37833100 525,000 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 55,892,266
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
INTEL CMN STOCK - Cmn n/a X
- ----------------------------------------------------------------------------------
IP 45.000 STRIKE PUT 04/17 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
NTLI 45.000 STRIKE PUT 06 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
INGERSOLL RANJACD CO - Cmn n/a X
- ----------------------------------------------------------------------------------
JACOR COMMUNIPENCATIONS - Cmn n/a X
- ----------------------------------------------------------------------------------
PENNEY J C INC - Cmn n/a X
- ----------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB n/a n/a
- ----------------------------------------------------------------------------------
JONES APPAREL GROUP INC - Cmm n/a X
- ----------------------------------------------------------------------------------
JTS CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% - Pfd n/a n/a
- ----------------------------------------------------------------------------------
K MART CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
KUHLMAN CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL - Opt (C) n/a n/a
- ----------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 10 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LEVL ONE COMM 4% REG CB - CB 527295AC3 9,597,182 6,590 X
- --------------------------------------------------------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/22 - Opt (P) 595112103 303,125 500 X
- --------------------------------------------------------------------------------------------------------------------------------
MU 50.000 STRIKE PUT 01/22 - Opt (P) 595112103 264,063 250 X
- --------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/2 - Opt (P) 421924101 496,875 500 X
- --------------------------------------------------------------------------------------------------------------------------------
PLAT 25.000 STRIKE PUT 01/ - Opt (P) 72764T101 1,046,875 1,250 X
- --------------------------------------------------------------------------------------------------------------------------------
VLSI 17.500 STRIKE PUT 01/ - Opt (P) 918270109 356,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
KM 12.500 STRIKE PUT 01/22 - Opt (P) 482584109 274,219 1,950 X
- --------------------------------------------------------------------------------------------------------------------------------
QCOM 40.000 STRIKE PUT 01/ - Opt (P) 747525103 203,125 500 X
- --------------------------------------------------------------------------------------------------------------------------------
QCOM 50.000 STRIKE PUT 01/ - Opt (P) 747525103 425,000 500 X
- --------------------------------------------------------------------------------------------------------------------------------
MSFT 105.00 STRIKE PUT 01/ - Opt (P) 594918104 237,500 500 X
- --------------------------------------------------------------------------------------------------------------------------------
MSFT 110.00 STRIKE PUT 01/ - Opt (P) 594918104 306,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
MSFT 85.000 STRIKE PUT 01/ - Opt (P) 594918104 200,000 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP - Cmn 534187109 5,751,419 70,300 X
- --------------------------------------------------------------------------------------------------------------------------------
INTC 100.00 STRIKE PUT 01 - Opt (P) 458140100 412,500 500 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 19,874,382
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LEVL ONE COMM 4% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/22 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
MU 50.000 STRIKE PUT 01/22 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
PLAT 25.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
VLSI 17.500 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
KM 12.500 STRIKE PUT 01/22 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
QCOM 40.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
QCOM 50.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
MSFT 105.00 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
MSFT 110.00 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
MSFT 85.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LINCOLN NATL CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
INTC 100.00 STRIKE PUT 01 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 11 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
AOL 25.00 STRIKE PUT 01/22 - Opt (P) 02364JAB0 225,000 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AOL 28.750 STRIKE PUT 01/2 - Opt (P) 02364JAB0 312,500 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AOL 41.250 STRIKE PUT 01/2 - Opt (P) 02364JAB0 396,875 500 X
- --------------------------------------------------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/2 - Opt (P) G56462107 862,500 1,500 X
- --------------------------------------------------------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 - Opt (P) G56462107 418,750 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd 543885404 660,625 12,500 X
- --------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% - Pfd G56462149 1,506,225 28,500 X
- --------------------------------------------------------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn 546347105 739,825 40,400 X
- --------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) 172755100 461,250 2,050 X
- --------------------------------------------------------------------------------------------------------------------------------
LASER VISION CENTERS - Cmn 51807H100 465,281 21,000 X
- --------------------------------------------------------------------------------------------------------------------------------
CREATIVE COMPUTERS INC - Cmn 2.2527E+111 2,857,500 90,000 X
- --------------------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO - Cmn 577778103 2,451,225 40,600 X
- --------------------------------------------------------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS - Cmn 55268N100 856,213 47,900 X
- --------------------------------------------------------------------------------------------------------------------------------
EMERGING MEXICO FUND INCCmn 290891100 1,170,056 201,300 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 13,383,825
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AOL 25.00 STRIKE PUT 01/22 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AOL 28.750 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AOL 41.250 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd n/a n/a
- ----------------------------------------------------------------------------------
LORAL SPACE & COMM 6% - Pfd n/a n/a
- ----------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LASER VISION CENTERS - Cmn n/a X
- ----------------------------------------------------------------------------------
CREATIVE COMPUTERS INC - Cmn n/a X
- ----------------------------------------------------------------------------------
MAY DEPT STORES CO - Cmn n/a X
- ----------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS - Cmn n/a X
- ----------------------------------------------------------------------------------
EMERGING MEXICO FUND INCCmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 12 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MERRILL LYNCH & CO INC - Cmn 590188108 1,955,775 29,300 X
- --------------------------------------------------------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC - Cmn 559222401 421,600 6,800 X
- --------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO - Cmn 604059105 277,388 3,900 X
- --------------------------------------------------------------------------------------------------------------------------------
METAMOR WORLDWIDE - CB 59133PAA8 2,514,917 3,066 X
- --------------------------------------------------------------------------------------------------------------------------------
MERCK & CO - Cmn 589331107 1,386,500 9,400 X
- --------------------------------------------------------------------------------------------------------------------------------
MICROSOFT - Cmn 594918104 4,021,938 29,000 X
- --------------------------------------------------------------------------------------------------------------------------------
MICRON TECH 7% CB DUE 7/1 - CB 595112AB9 2,027,513 1,900 X
- --------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY - Cmn 595112103 424,725 8,400 X
- --------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB - CB 560321AD3 2,324,634 2,578 X
- --------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% - CB 628874AC3 3,963,625 4,285 X
- --------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID - CB 640938AB2 23,215,850 37,825 X
- --------------------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING - Cmn 655042109 159,131 12,300 X
- --------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC - Cmn 655664100 707,625 20,400 X
- --------------------------------------------------------------------------------------------------------------------------------
NAC RE - Cmn 628907107 201,831 4,300 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,603,052
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MERRILL LYNCH & CO INC - Cmn n/a X
- ----------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC - Cmn n/a X
- ----------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO - Cmn n/a X
- ----------------------------------------------------------------------------------
METAMOR WORLDWIDE - CB n/a n/a
- ----------------------------------------------------------------------------------
MERCK & CO - Cmn n/a X
- ----------------------------------------------------------------------------------
MICROSOFT - Cmn n/a X
- ----------------------------------------------------------------------------------
MICRON TECH 7% CB DUE 7/1 - CB n/a n/a
- ----------------------------------------------------------------------------------
MICRON TECHNOLOGY - Cmn n/a X
- ----------------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% - CB n/a n/a
- ----------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID - CB n/a n/a
- ----------------------------------------------------------------------------------
NOBLE DRILLING - Cmn n/a X
- ----------------------------------------------------------------------------------
NORDSTROM INC - Cmn n/a X
- ----------------------------------------------------------------------------------
NAC RE - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 13 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
NETSCAPE COMMUNICATIONS - Cmn 641149109 30,308,175 498,900 X
- --------------------------------------------------------------------------------------------------------------------------------
NORTHERN TRUST - Cmn 665859104 1,309,688 15,000 X
- --------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP - Cmn 670346105 307,075 7,100 X
- --------------------------------------------------------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Pfd 65332Y107 1,626,163 77,900 X
- --------------------------------------------------------------------------------------------------------------------------------
OFFICE DEPOT 0.000% CB - CB 676220AB2 8,221,645 9,500 X
- --------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB - CB 685564AC0 2,575,405 1,525 X
- --------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP - Cmn 68389X105 345,000 8,000 X
- --------------------------------------------------------------------------------------------------------------------------------
ORYX ENERGY - Cmn 68763F100 3,927,848 292,305 X
- --------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25% - CB 682180AA2 518,760 524 X
- --------------------------------------------------------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC - Cmn 689899102 223,300 5,600 X
- --------------------------------------------------------------------------------------------------------------------------------
PAYCHEX INC - Cmn 704326107 380,638 7,400 X
- --------------------------------------------------------------------------------------------------------------------------------
P-COM INC - Cmn 693262107 592,477 148,700 X
- --------------------------------------------------------------------------------------------------------------------------------
PIXTECH INC - Cmn 72583K109 807,783 335,702 X
- --------------------------------------------------------------------------------------------------------------------------------
PARK PETROCHEMICAL CORP - Cmn 700416209 372,125 13,000 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,516,080
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NETSCAPE COMMUNICATIONS - Cmn n/a X
- ----------------------------------------------------------------------------------
NORTHERN TRUST - Cmn n/a X
- ----------------------------------------------------------------------------------
NUCOR CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Pfd n/a n/a
- ----------------------------------------------------------------------------------
OFFICE DEPOT 0.000% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
ORBITAL 5% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
ORACLE SYS CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
ORYX ENERGY - Cmn n/a X
- ----------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25% - CB n/a n/a
- ----------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC - Cmn n/a X
- ----------------------------------------------------------------------------------
PAYCHEX INC - Cmn n/a X
- ----------------------------------------------------------------------------------
P-COM INC - Cmn n/a X
- ----------------------------------------------------------------------------------
PIXTECH INC - Cmn n/a X
- ----------------------------------------------------------------------------------
PARK PETROCHEMICAL CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 14 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PHOTRONICS, INC. 6% CB - CB 719405AA0 1,072,330 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV - CB 72764TAA9 4,222,695 2,858 X
- --------------------------------------------------------------------------------------------------------------------------------
PLATINUM TECH 6.25% CV - CB 72764TAD3 7,476,483 8,430 X
- --------------------------------------------------------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB 71623PAC6 544,020 1,500 X
- --------------------------------------------------------------------------------------------------------------------------------
PPG INDS INC - Cmn 693506107 232,750 4,000 X
- --------------------------------------------------------------------------------------------------------------------------------
PACIFICORP - Cmn 695114108 12,570,100 596,800 X
- --------------------------------------------------------------------------------------------------------------------------------
PEOPLESOFT INC - Cmn 712713106 1,482,806 78,300 X
- --------------------------------------------------------------------------------------------------------------------------------
PREMIERE TECH 5.75 - CB 74058FAC6 3,105,686 5,667 X
- --------------------------------------------------------------------------------------------------------------------------------
QUALCOMM 5.75% REG - Pfd 74752R402 11,245,059 250,849 X
- --------------------------------------------------------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT 02 - Opt (P) 53762100 306,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
ESCMF 30.000 STRIKE PUT 0 - Opt (P) 008990587 1,155,000 600 X
- --------------------------------------------------------------------------------------------------------------------------------
TALK 15.000 STRIKE CALL 01 - Opt (C) 879176105 625,000 2,000 X
- --------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB 748767AA8 685,091 500 X
- --------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB 748767AC4 8,469,097 6,181 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 53,192,368
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PHOTRONICS, INC. 6% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV - CB n/a n/a
- ----------------------------------------------------------------------------------
PLATINUM TECH 6.25% CV - CB n/a n/a
- ----------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB n/a n/a
- ----------------------------------------------------------------------------------
PPG INDS INC - Cmn n/a X
- ----------------------------------------------------------------------------------
PACIFICORP - Cmn n/a X
- ----------------------------------------------------------------------------------
PEOPLESOFT INC - Cmn n/a X
- ----------------------------------------------------------------------------------
PREMIERE TECH 5.75 - CB n/a n/a
- ----------------------------------------------------------------------------------
QUALCOMM 5.75% REG - Pfd n/a n/a
- ----------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT 02 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
ESCMF 30.000 STRIKE PUT 0 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
TALK 15.000 STRIKE CALL 01 - Opt (C) n/a n/a
- ----------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB n/a n/a
- ----------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 15 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
RALSTON PURINA 7% 8/1/2000 - Pfd 751277401 830,775 15,900 X
- --------------------------------------------------------------------------------------------------------------------------------
RUBBERMAID INC - Cmn 781088109 20,110,569 639,700 X
- --------------------------------------------------------------------------------------------------------------------------------
RIO HOTEL & CASINO INC - Cmn 65332V103 11,580,813 729,500 X
- --------------------------------------------------------------------------------------------------------------------------------
REBUBLIC INDUSTRIES 6.5% - Pfd 05300A202 907,262 59,100 X
- --------------------------------------------------------------------------------------------------------------------------------
RUSSELL CORP - Cmn 782352108 1,553,906 76,500 X
- --------------------------------------------------------------------------------------------------------------------------------
T R FINL CORP - Cmn 872630108 7,241,063 183,900 X
- --------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB 760943AC4 19,655,323 14,070 X
- --------------------------------------------------------------------------------------------------------------------------------
RTI 22.500 STRIKE PUT 03/2 - Opt (P) 74973W107 212,500 250 X
- --------------------------------------------------------------------------------------------------------------------------------
ROYAL GROUP TECH LTD 6.875 - Cmn 233188200 1,227,600 55,800 X
- --------------------------------------------------------------------------------------------------------------------------------
ROYAL OAK REST STOCK - Cmn 7805092043 - 33,656 X
- --------------------------------------------------------------------------------------------------------------------------------
SUNAMERICA INC. - Cmn 813764305 64,709,808 789,144 X
- --------------------------------------------------------------------------------------------------------------------------------
SALOMON (CINC BELL) 6.25% - Pfd 79549B867 1,556,875 23,500 X
- --------------------------------------------------------------------------------------------------------------------------------
SCI SYSTEMS - Cmn 783890106 2,148,300 37,200 X
- --------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB 871873AB1 2,504,132 3,023 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 134,238,925
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
RALSTON PURINA 7% 8/1/2000 - Pfd n/a n/a
- ----------------------------------------------------------------------------------
RUBBERMAID INC - Cmn n/a X
- ----------------------------------------------------------------------------------
RIO HOTEL & CASINO INC - Cmn n/a X
- ----------------------------------------------------------------------------------
REBUBLIC INDUSTRIES 6.5% - Pfd n/a n/a
- ----------------------------------------------------------------------------------
RUSSELL CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
T R FINL CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
RTI 22.500 STRIKE PUT 03/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
ROYAL GROUP TECH LTD 6.875 - Cmn n/a X
- ----------------------------------------------------------------------------------
ROYAL OAK REST STOCK - Cmn n/a X
- ----------------------------------------------------------------------------------
SUNAMERICA INC. - Cmn n/a X
- ----------------------------------------------------------------------------------
SALOMON (CINC BELL) 6.25% - Pfd n/a n/a
- ----------------------------------------------------------------------------------
SCI SYSTEMS - Cmn n/a X
- ----------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SOFAMOR/DANEK GROUP INC - Cmn 834005100 22,255,778 182,799 X
- --------------------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY - Cmn 811804103 859,100 28,400 X
- --------------------------------------------------------------------------------------------------------------------------------
SEQUUS PHARMACEUTICALS INC - Cmn 817471105 9,278,550 458,200 X
- --------------------------------------------------------------------------------------------------------------------------------
SEAGULL ENERGY CORP - Cmn 812007102 473,438 75,000 X
- --------------------------------------------------------------------------------------------------------------------------------
S3 INCORPORATED - Cmn 784849101 210,478 28,600 X
- --------------------------------------------------------------------------------------------------------------------------------
SMITH INTERNATIONAL - Cmm 832110100 395,444 15,700 X
- --------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD - Cmn 806857108 306,075 6,600 X
- --------------------------------------------------------------------------------------------------------------------------------
SUNRISE ASSISTED LIVING 5 - CB 86768KAC0 12,084,646 8,077 X
- --------------------------------------------------------------------------------------------------------------------------------
SYNETIC, INC. 5% CB - CB 87160FAB5 2,721,375 3,075 X
- --------------------------------------------------------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT - Opt (P) 867071102 825,000 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
SUNBEAM-OSTER INC - Cmn 867071102 195,250 28,400 X
- --------------------------------------------------------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM SR - CB 85207FAB4 1,830,000 2,000 X
- --------------------------------------------------------------------------------------------------------------------------------
S&P INDEX 900X PUT 6/18/99 - Opt (P) 0 280,000 200 X
- --------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 950 PUT 3/20/99 - Opt (P) 0 260,000 400 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,975,133
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SOFAMOR/DANEK GROUP INC - Cmn n/a X
- ----------------------------------------------------------------------------------
SEAGATE TECHNOLOGY - Cmn n/a X
- ----------------------------------------------------------------------------------
SEQUUS PHARMACEUTICALS INC - Cmn n/a X
- ----------------------------------------------------------------------------------
SEAGULL ENERGY CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
S3 INCORPORATED - Cmn n/a X
- ----------------------------------------------------------------------------------
SMITH INTERNATIONAL - Cmm n/a X
- ----------------------------------------------------------------------------------
SCHLUMBERGER LTD - Cmn n/a X
- ----------------------------------------------------------------------------------
SUNRISE ASSISTED LIVING 5 - CB n/a n/a
- ----------------------------------------------------------------------------------
SYNETIC, INC. 5% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
SUNBEAM-OSTER INC - Cmn n/a X
- ----------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM SR - CB n/a n/a
- ----------------------------------------------------------------------------------
S&P INDEX 900X PUT 6/18/99 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
SPX INDEX 950 PUT 3/20/99 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 17 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SPX INDEX 1100 CALL 1/15/9 - Opt (C) 0 984,375 75 X
- --------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 995 PUT 3/20/99 - Opt (P) 0 385,000 400 X
- --------------------------------------------------------------------------------------------------------------------------------
SNYDER STRYPES 6.5% 11/15/ - Pfd 833502107 1,173,250 38,000 X
- --------------------------------------------------------------------------------------------------------------------------------
STILLWATER MINING 7% - CB 86074QAC6 17,862,423 11,784 X
- --------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD - Pfd 86507G408 6,159,055 140,875 X
- --------------------------------------------------------------------------------------------------------------------------------
TEL-SAVE.COM INC RIGHTS - Cmn 879176105 74,715 30,372 X
- --------------------------------------------------------------------------------------------------------------------------------
TEL-SAVE.COM - Cmn 879176105 8,648,384 607,437 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CONV - CB 88355KAA9 3,291,139 3,885 X
- --------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% - CB 878732AD8 3,268,000 4,300 X
- --------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Cmn 872294202 14,848,250 50,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Cmn 87924V101 41,087,784 742,830 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB - CB 88355WAA3 1,718,620 2,000 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% - CB U8835NAA8 2,638,082 3,070 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB 883559106 901,906 775 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 103,040,983
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SPX INDEX 1100 CALL 1/15/9 - Opt (C) n/a n/a
- ----------------------------------------------------------------------------------
SPX INDEX 995 PUT 3/20/99 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
SNYDER STRYPES 6.5% 11/15/ - Pfd n/a n/a
- ----------------------------------------------------------------------------------
STILLWATER MINING 7% - CB n/a n/a
- ----------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD - Pfd n/a n/a
- ----------------------------------------------------------------------------------
TEL-SAVE.COM INC RIGHTS - Cmn n/a X
- ----------------------------------------------------------------------------------
TEL-SAVE.COM - Cmn n/a X
- ----------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CONV - CB n/a n/a
- ----------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% - CB n/a n/a
- ----------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Cmn n/a X
- ----------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Cmn n/a X
- ----------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB - CB n/a n/a
- ----------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% - CB n/a n/a
- ----------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 18 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TITANIUM METALS 6.625% CV - Pfd 887381408 820,131 32,900 X
- --------------------------------------------------------------------------------------------------------------------------------
TIFFANY - Cmn 886547108 778,125 15,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TIG HOLDINGS INC - Cmn 872469101 2,490,000 160,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TLC 35.000 STRIKE PUT 01/1 - Opt (P) 522008101 250,938 275 X
- --------------------------------------------------------------------------------------------------------------------------------
LEARNING INC - Cmn 522008101 15,708,963 601,300 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMEDICS INC 2.875% - CB 883901100 2,434,185 2,628 X
- --------------------------------------------------------------------------------------------------------------------------------
THERMO ELECTRON 4.250% - CB 883556AF9 8,887,300 10,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TOSCO CORP. 5.75% CONV. - Pfd 891491409 8,036,334 162,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC - Cmn 892335100 179,538 10,600 X
- --------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 6.25% EXCHG - Cmn 896047206 7,075,778 278,300 X
- --------------------------------------------------------------------------------------------------------------------------------
TOTAL RENAL CARE HLDGS - CB 89151A107 709,500 24,000 X
- --------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 - CB 895927AB7 5,169,858 24,250 X
- --------------------------------------------------------------------------------------------------------------------------------
PEOPLES BANCORP INC - Cmn 709909105 11,589,716 1,065,721 X
- --------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS - Cmm 882508104 599,375 7,000 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 64,729,739
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TITANIUM METALS 6.625% CV - Pfd n/a n/a
- ----------------------------------------------------------------------------------
TIFFANY - Cmn n/a X
- ----------------------------------------------------------------------------------
TIG HOLDINGS INC - Cmn n/a X
- ----------------------------------------------------------------------------------
TLC 35.000 STRIKE PUT 01/1 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LEARNING INC - Cmn n/a X
- ----------------------------------------------------------------------------------
THERMEDICS INC 2.875% - CB n/a n/a
- ----------------------------------------------------------------------------------
THERMO ELECTRON 4.250% - CB n/a n/a
- ----------------------------------------------------------------------------------
TOSCO CORP. 5.75% CONV. - Pfd n/a n/a
- ----------------------------------------------------------------------------------
TOYS R US INC - Cmn n/a X
- ----------------------------------------------------------------------------------
TRIBUNE 6.25% EXCHG - Cmn n/a X
- ----------------------------------------------------------------------------------
TOTAL RENAL CARE HLDGS - CB n/a n/a
- ----------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 - CB n/a X
- ----------------------------------------------------------------------------------
PEOPLES BANCORP INC - Cmn n/a X
- ----------------------------------------------------------------------------------
TEXAS INSTRUMENTS - Cmm n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 19 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TYC 60 STRIKE PUT 1/16/99 - Opt (P) 902124106 262,500 7,000 X
- --------------------------------------------------------------------------------------------------------------------------------
UNION CAMP CORP - Cmn 905530101 16,601,288 247,319 X
- --------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP - Cmn 915289102 3,309,863 113,400 X
- --------------------------------------------------------------------------------------------------------------------------------
UNISYS - Cmn 909214108 2,558,706 74,300 X
- --------------------------------------------------------------------------------------------------------------------------------
UNION CARBIDE - Cmn 905581104 633,250 14,900 X
- --------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% MAND - Pfd 58440J401 25,155,375 388,500 X
- --------------------------------------------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORP - Cmn 909205106 228,690 16,940 X
- --------------------------------------------------------------------------------------------------------------------------------
US FILTER - Cmn 911843209 327,113 14,300 X
- --------------------------------------------------------------------------------------------------------------------------------
US SATELLITE BROADCAST - Cmn 912534104 1,685,750 122,600 X
- --------------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP - Cmn 913017109 500,250 4,600 X
- --------------------------------------------------------------------------------------------------------------------------------
AAPL 25.000 STRIKE CALL - Opt (C) 37833100 325,000 200 X
- --------------------------------------------------------------------------------------------------------------------------------
VARIAN ASSOCIATES INC - Cmn 922204102 757,500 20,000 X
- --------------------------------------------------------------------------------------------------------------------------------
VANGUARD CELLULAR SYS - Cmn 922022108 19,408,419 751,900 X
- --------------------------------------------------------------------------------------------------------------------------------
VLSI TECHNOLOGY - Cmn 918270109 1,867,031 170,700 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 73,620,734
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TYC 60 STRIKE PUT 1/16/99 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
UNION CAMP CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
UNOCAL CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
UNISYS - Cmn n/a X
- ----------------------------------------------------------------------------------
UNION CARBIDE - Cmn n/a X
- ----------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% MAND - Pfd n/a n/a
- ----------------------------------------------------------------------------------
UNISOURCE ENERGY CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
US FILTER - Cmn n/a X
- ----------------------------------------------------------------------------------
US SATELLITE BROADCAST - Cmn n/a X
- ----------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
AAPL 25.000 STRIKE CALL - Opt (C) n/a n/a
- ----------------------------------------------------------------------------------
VARIAN ASSOCIATES INC - Cmn n/a X
- ----------------------------------------------------------------------------------
VANGUARD CELLULAR SYS - Cmn n/a X
- ----------------------------------------------------------------------------------
VLSI TECHNOLOGY - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 20 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
VANTIVE CORP. 4.75% REG CB - CB 922091AC7 3,368,115 4,800 X
- --------------------------------------------------------------------------------------------------------------------------------
MRVC 17.500 STRIKE PUT - Opt (P) 553477100 225,000 200 X
- --------------------------------------------------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 0 - Opt (P) G56462107 387,500 1,550 X
- --------------------------------------------------------------------------------------------------------------------------------
VANSTAR CORPORATION - Cmn 92208M108 1,794,500 194,000 X
- --------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB - CB 98141AAC5 4,718,815 5,810 X
- --------------------------------------------------------------------------------------------------------------------------------
WESTPAC BANKING 10% DUE - Pfd 929229102 32,075,501 1,003,300 X
- --------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL 0% OID - CB 958102AH8 3,896,607 12,700 X
- --------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB - CB 973149AC1 6,621,545 5,675 X
- --------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO - Cmn 934488107 308,269 4,100 X
- --------------------------------------------------------------------------------------------------------------------------------
WASTE MGNMT - CB 92929QAF4 2,946,903 3,000 X
- --------------------------------------------------------------------------------------------------------------------------------
USA WASTE SERVICES 4.5% - CB 913174AD0 2,343,512 1,500 X
- --------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT INC. 4% - CB 94106LAA7 5,746,330 4,793 X
- --------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO - Cmn 962166104 645,319 12,700 X
- --------------------------------------------------------------------------------------------------------------------------------
USX CORP 6.75% CV PFD - Pfd 902905793 3,330,600 237,900 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 68,408,514
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
VANTIVE CORP. 4.75% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
MRVC 17.500 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 0 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
VANSTAR CORPORATION - Cmn n/a X
- ----------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
WESTPAC BANKING 10% DUE - Pfd n/a n/a
- ----------------------------------------------------------------------------------
WESTERN DIGITAL 0% OID - CB n/a n/a
- ----------------------------------------------------------------------------------
WIND RIVER 5% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
WARNER LAMBERT CO - Cmn n/a X
- ----------------------------------------------------------------------------------
WASTE MGNMT - CB n/a n/a
- ----------------------------------------------------------------------------------
USA WASTE SERVICES 4.5% - CB n/a n/a
- ----------------------------------------------------------------------------------
WASTE MANAGEMENT INC. 4% - CB n/a n/a
- ----------------------------------------------------------------------------------
WEYERHAEUSER CO - Cmn n/a X
- ----------------------------------------------------------------------------------
USX CORP 6.75% CV PFD - Pfd n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 21 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LHSPF 65.000 STRIKE PUT - Opt (P) BE0157285488 1,625,000 500 X
- --------------------------------------------------------------------------------------------------------------------------------
AAPL 30.000 STRIKE PUT 01 - Opt (P) 37833100 721,875 1,500 X
- --------------------------------------------------------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ - Opt (P) 37833100 662,500 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AMZN 100 STRIKE PUT 01/20/ - Opt (P) 23135106 585,625 50 X
- --------------------------------------------------------------------------------------------------------------------------------
NXTL 15.000 STRIKE PUT 01/ - Opt (P) 65332V103 262,500 1,200 X
- --------------------------------------------------------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 - Opt (P) 595112103 241,875 300 X
- --------------------------------------------------------------------------------------------------------------------------------
ZILA INCORPORATED - Cmn 989513205 2,599,288 263,219 X
- --------------------------------------------------------------------------------------------------------------------------------
MSFT 115.00 STRIKE PUT 01/ - Opt (P) 594918104 556,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ - Opt (P) 640938106 843,750 1,500 X
- --------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ - Opt (P) 640938106 368,750 500 X
- --------------------------------------------------------------------------------------------------------------------------------
DISC ZONE $85MM SR SECD NO - CB 25468BAF4 210,000 2,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AZPN 45.000 STRIKE PUT 02/ - Opt (P) 45327103 308,750 100 X
- --------------------------------------------------------------------------------------------------------------------------------
ATI 60.000 STRIKE PUT 01/2 - Opt (P) 00949T100 226,875 550 X
- --------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) 172755100 398,438 1,250 X
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 9,611,475
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LHSPF 65.000 STRIKE PUT - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AAPL 30.000 STRIKE PUT 01 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AMZN 100 STRIKE PUT 01/20/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
NXTL 15.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
ZILA INCORPORATED - Cmn n/a X
- ----------------------------------------------------------------------------------
MSFT 115.00 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
DISC ZONE $85MM SR SECD NO - CB n/a n/a
- ----------------------------------------------------------------------------------
AZPN 45.000 STRIKE PUT 02/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
ATI 60.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 22 of 22 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
AMD 20.000 STRIKE PUT 01/2 - Opt (P) 7903107 362,500 1,000 X
- --------------------------------------------------------------------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 - Opt (P) 7903107 281,250 500 X
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 643,750
- --------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 1,708,186,561
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AMD 20.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
LONG MARKET VALUE
- ----------------------------------------------------------------------------------
</TABLE>
