<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: SEPTEMBER 30, 1999
Check here if Amendment [_]; Amendment Number: ___________
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9TH 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 11/2/99
- -------------------------- ----------------- -------
[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:
CONFIDENTIAL TREATMENT REQUESTED
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 504
Form 13F Information Table Value Total: $3,915,401 (thousands)
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
Page 1 of 36 FORM 13 F
- -- Name of Reporting Manager Citadel Limited Partnership
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
3 COM CORP CMN 885535104 3,248,750 113,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL 01 CALL 037833100 2,428,125 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 30.000 STRIKE PUT 01/ PUT 037833100 437,500 2,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ PUT 037833100 543,750 2,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 45.000 STRIKE PUT 01/ PUT 037833100 215,625 1,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 60.000 STRIKE PUT 01/ PUT 037833100 287,500 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AAPL 65.000 STRIKE PUT 04/ PUT 037833100 540,625 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ABACUS DIRECT CORP CMN 2553105 42,659,906 350,030 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS CMN 2824100 3,522,000 96,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% CB 004933AB3 2,809,406 4,172 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ACTIVISION 6.75% CB DUE CB 004930AC7 2,032,434 1,900 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) CB 577777AA3 2,282,409 1,980 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ADAPTEC, INC. 4.75% REG CB 00651FAC2 4,602,437 4,680 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ADOBE SYSTEMS CMN 00724F101 953,400 8,400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 66,563,867
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
3 COM CORP X
- ---------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL 01 n/a
- ---------------------------------------------------------------------------
AAPL 30.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------------
AAPL 45.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------------
AAPL 60.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------------
AAPL 65.000 STRIKE PUT 04/ n/a
- ---------------------------------------------------------------------------
ABACUS DIRECT CORP X
- ---------------------------------------------------------------------------
ABBOTT LABS X
- ---------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% n/a
- ---------------------------------------------------------------------------
ACTIVISION 6.75% CB DUE n/a
- ---------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) n/a
- ---------------------------------------------------------------------------
ADAPTEC, INC. 4.75% REG n/a
- ---------------------------------------------------------------------------
ADOBE SYSTEMS X
- ---------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Page 2 of 36 FORM 13 F
- -- Name of Reporting Manager Citadel Limited Partnership
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADVANCED MICRO DEVICES 6% CB 007903AC1 15,801,120 21,946 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ADVANCED TISSUE SCI -CL A CMN 00755F103 728,377 236,630 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ADVANTA CORP - CLASS B CMN 7942204 470,000 40,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AES 45.000 STRIKE PUT 02/1 PUT 00130H105 204,844 2,850 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD PFD 1034305 17,393,938 304,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AFFYMETRIX 5.00% CB CB 00826TAA6 222,750 225 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AFLAC INC CMN 1055102 460,625 11,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC CMN 9158106 1,240,200 42,400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AIRGAS INC CMN 9363102 334,800 28,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AIRGATE PCS INC CMN 9367103 746,250 30,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALBERTO CULVER CO CMN 13068101 249,750 10,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC CMN 13104104 1,147,313 29,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALCAN ALUM LTD CMN 13716105 3,790,625 121,300 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALKERMES, INC 6.5% PERP PFD 01642T405 2,781,125 50,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 45,571,716
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
ADVANCED MICRO DEVICES 6% n/a
- ---------------------------------------------------------------------------
ADVANCED TISSUE SCI -CL A X
- ---------------------------------------------------------------------------
ADVANTA CORP - CLASS B X
- ---------------------------------------------------------------------------
AES 45.000 STRIKE PUT 02/1 n/a
- ---------------------------------------------------------------------------
AES CORP. 5.5% CV PFD n/a
- ---------------------------------------------------------------------------
AFFYMETRIX 5.00% CB n/a
- ---------------------------------------------------------------------------
AFLAC INC X
- ---------------------------------------------------------------------------
AIR PRODS & CHEMS INC X
- ---------------------------------------------------------------------------
AIRGAS INC X
- ---------------------------------------------------------------------------
AIRGATE PCS INC X
- ---------------------------------------------------------------------------
ALBERTO CULVER CO X
- ---------------------------------------------------------------------------
ALBERTSONS INC X
- ---------------------------------------------------------------------------
ALCAN ALUM LTD X
- ---------------------------------------------------------------------------
ALKERMES, INC 6.5% PERP n/a
- ---------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Page 3 of 36 FORM 13 F
- -- Name of Reporting Manager Citadel Limited Partnership
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIED SIGNAL IN CMN 19512102 14,133,263 235,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP CMN 20039103 9,725,825 138,200 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP CMN 21441100 354,547 8,174 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALTERRA HEALTHCARE CORP CMN 02146C104 130,463 14,700 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ALZA CORP CMN 22615108 4,902,031 114,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMAZON.COM INC 4.75% CB CB 023135AF3 21,186,188 18,050 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMAZON.COM INC 4.75% CB CB 023135AD8 1,117,519 950 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMBAC FINANCIAL GROUP CMN 23139108 203,713 4,300 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 10.000 STRIKE PUT 01/1 PUT 007903107 200,000 1,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 15.000 STRIKE PUT 01/2 PUT 007903107 828,125 2,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 15.000 STRIKE PUT 01/2 PUT 007903107 300,000 2,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 PUT 007903107 612,500 1,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 PUT 007903107 437,500 1,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 PUT 007903107 487,500 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 54,619,173
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- -------------------------------------------------------------------
Item 1:
Item 8:
Name of Issuer Voting Authority (Shares)
---------------------------------
(a) Sole (b) Shared (c) None
- -------------------------------------------------------------------
<S> <C> <C> <C>
ALLIED SIGNAL IN X
- -------------------------------------------------------------------
ALLTEL CORP X
- -------------------------------------------------------------------
ALTERA CORP X
- -------------------------------------------------------------------
ALTERRA HEALTHCARE CORP X
- -------------------------------------------------------------------
ALZA CORP X
- -------------------------------------------------------------------
AMAZON.COM INC 4.75% CB n/a
- -------------------------------------------------------------------
AMAZON.COM INC 4.75% CB n/a
- -------------------------------------------------------------------
AMBAC FINANCIAL GROUP X
- -------------------------------------------------------------------
AMD 10.000 STRIKE PUT 01/1 n/a
- -------------------------------------------------------------------
AMD 15.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------
AMD 15.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 4 of 36 Name of Reporting Manager Citadel Limited Partnership
- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class Cuspid Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AMD 25.000 STRIKE PUT 01/2 PUT 007903107 421,875 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMDOCS TRACES 6.75% PFD 02342R202 13,001,570 620,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO CMN 25816109 7,357,500 54,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN GEN CORP CMN 26351106 7,640,600 120,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN GREETINGS CORP CMN 26375105 1,148,450 44,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN INTL GROUP INC CMN 26874107 12,779,813 147,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN PWR CNVRSION CMN 29066107 380,000 20,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER 2.5% OID CB 029912AC6 1,307,452 1,850 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW CMN 30954101 2,049,225 30,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMERITRADE 5.75% 144A CB 03072HAA7 36,930,844 50,055 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMKOR TECH INC 5.75% CB CB 031652AA8 26,884,218 20,750 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMT 33.000 STRIKE PUT 10/1 PUT 029912201 1,337,500 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ PUT 03072H109 293,750 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01/ PUT 03072H109 1,945,125 3,420 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 113,477,922
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
AMD 25.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
AMDOCS TRACES 6.75% n/a
- ----------------------------------------------------------------
AMERICAN EXPRESS CO X
- ----------------------------------------------------------------
AMERICAN GEN CORP X
- ----------------------------------------------------------------
AMERICAN GREETINGS CORP X
- ----------------------------------------------------------------
AMERICAN INTL GROUP INC X
- ----------------------------------------------------------------
AMERICAN PWR CNVRSION X
- ----------------------------------------------------------------
AMERICAN TOWER 2.5% OID n/a
- ----------------------------------------------------------------
AMERITECH CORP NEW X
- ----------------------------------------------------------------
AMERITRADE 5.75% 144A n/a
- ----------------------------------------------------------------
AMKOR TECH INC 5.75% CB n/a
- ----------------------------------------------------------------
AMT 33.000 STRIKE PUT 10/1 n/a
- ----------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ n/a
- ----------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01/ n/a
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 5 of 36 Name of Reporting Manager Citadel Limited Partnership
- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class Cuspid Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AMZN 50.00 STRIKE PUT 01/2 PUT 023135106 234,375 300 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMZN 67.500 STRIKE PUT 04/ PUT 023135106 243,750 250 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMZN 75.000 STRIKE PUT 4/2 PUT 023135106 681,250 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AMZN 85.00 STRIKE PUT 01/2 PUT 023135106 4,612,500 3,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ANADARKO PETROLEUM CMN 32511107 513,450 16,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS INC CMN 35229103 4,603,106 65,700 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP 4.5% CB CB 03664PAB1 30,408,750 13,250 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AOL 110.00 STRIKE PUT 01/2 PUT 02364J104 850,000 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AOL 120.00 STRIKE PUT 01/2 PUT 02364J104 1,175,000 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AOL 150 STRIKE PUT 01/20/2 PUT 02364J104 553,750 100 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AOL 4% CB DUE 11/15/02 CB 02364JAB0 309,702,834 38,819 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AON CORPORATION CMN 37389103 1,401,263 47,400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
APACHE CORP CMN 37411105 2,850,375 66,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ARONEX PHARMACEUTICALS INC CMN 42666206 96,875 25,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 357,927,278
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
AMZN 50.00 STRIKE PUT 01/2 n/a
- ------------------------------------------------------------
AMZN 67.500 STRIKE PUT 04/ n/a
- -----------------------------------------------------------
AMZN 75.000 STRIKE PUT 4/2 n/a
- -----------------------------------------------------------
AMZN 85.00 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------
ANADARKO PETROLEUM X
- -----------------------------------------------------------
ANHEUSER BUSCH COS INC X
- -----------------------------------------------------------
ANTEC CORP 4.5% CB n/a
- -----------------------------------------------------------
AOL 110.00 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------
AOL 120.00 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------
AOL 150 STRIKE PUT 01/20/2 n/a
- -----------------------------------------------------------
AOL 4% CB DUE 11/15/02 n/a
- -----------------------------------------------------------
AON CORPORATION X
- -----------------------------------------------------------
APACHE CORP X
- -----------------------------------------------------------
ARONEX PHARMACEUTICALS INC X
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 6 of 36 Name of Reporting Manager Citadel Limited Partnership
- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class Cuspid Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ARV ASSISTED LIVING 6.75% CB 00204CAA5 1,086,959 3,955 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ASARCO INC CMN 43413103 2,700,000 100,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ASHWORTH INC CMN 04516H101 356,250 75,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ASPECT TELECOM. 0% CB CB 045237AB0 233,477 900 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ASPEN TECH. 5.25.% CB CB 045327AB9 1,389,738 2,200 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP .5246% CB CB 045919AC1 10,215,550 16,075 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% CB 048396AC9 16,942,616 8,462 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO CMN 48825103 48,858,963 551,300 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP 0% CV BOND CB 049513AB0 4,059,800 7,660 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ATRIX LABS. 7% REG CB 12/1 CB 04962LAC5 975,921 1,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AUTONATION (REPUBLIC IND) CMN 05300A202 417,639 32,300 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AUTOZONE INC CMN 53332102 297,463 10,600 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AVADO BRANDS INC CMN 05336P108 83,813 14,900 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
AXA FINANCIAL CMN 2451102 697,656 12,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 88,315,844
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
ARV ASSISTED LIVING 6.75% n/a
- -----------------------------------------------------------------
ASARCO INC X
- -----------------------------------------------------------------
ASHWORTH INC X
- -----------------------------------------------------------------
ASPECT TELECOM. 0% CB n/a
- -----------------------------------------------------------------
ASPEN TECH. 5.25.% CB n/a
- -----------------------------------------------------------------
AT HOME CORP .5246% CB n/a
- -----------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% n/a
- -----------------------------------------------------------------
ATLANTIC RICHFIELD CO X
- -----------------------------------------------------------------
ATMEL CORP 0% CV BOND n/a
- -----------------------------------------------------------------
ATRIX LABS. 7% REG CB 12/1 n/a
- -----------------------------------------------------------------
AUTONATION (REPUBLIC IND) X
- -----------------------------------------------------------------
AUTOZONE INC X
- -----------------------------------------------------------------
AVADO BRANDS INC X
- -----------------------------------------------------------------
AXA FINANCIAL X
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 7 of 36 Name of Reporting Manager Citadel Limited Partnership
- --
- ------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared (c) Shared- Managers
Class Number Value Principal (a) Sole as Defined Other See Instr. V
Amount in Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BAANF COMPANY N.V. CB CB 056072AB7 9,173,750 10,250 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK CMN 64057102 478,156 14,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP. CMN 06423A103 13,618,650 391,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BANK UNITED CORP-CL A CMN 65412108 249,288 7,700 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON CMN 06605R106 53,724,275 1,238,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BARRICK GOLD CORP CMN 67901108 315,375 14,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BB&T CORP CMN 54937107 1,732,063 53,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COMPANIES INC CMN 73902108 7,103,250 184,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BEAS SYSTEMS 4% CB CB 073325AB8 93,405,000 64,865 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC 4.25% EXCH CB 07785GAC4 48,409,625 46,325 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP CMN 79860102 6,025,500 133,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BERGEN BRUNSWIG CORP CMN 83739102 2,322,963 223,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BEST BUY CO. CMN 86516101 11,544,400 186,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS, INC. CMN 08658U101 1,583,138 32,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 249,685,431
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
SEC USE ONLY
- -------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -------------------------------------------------------------------
<S> <C> <C> <C>
BAANF COMPANY N.V. CB n/a
- -------------------------------------------------------------------
BANK OF NEW YORK X
- -------------------------------------------------------------------
BANK ONE CORP. X
- -------------------------------------------------------------------
BANK UNITED CORP-CL A X
- -------------------------------------------------------------------
BANKBOSTON X
- -------------------------------------------------------------------
BARRICK GOLD CORP X
- -------------------------------------------------------------------
BB&T CORP X
- -------------------------------------------------------------------
BEAR STEARNS COMPANIES INC X
- -------------------------------------------------------------------
BEAS SYSTEMS 4% CB n/a
- -------------------------------------------------------------------
BELL ATLANTIC 4.25% EXCH n/a
- -------------------------------------------------------------------
BELLSOUTH CORP X
- -------------------------------------------------------------------
BERGEN BRUNSWIG CORP X
- -------------------------------------------------------------------
BEST BUY CO. X
- -------------------------------------------------------------------
BESTFOODS, INC. X
- -------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 8 of 36 Name of Reporting Manager Citadel Limited Partnership
- --
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-----------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared
Class Number Value Principal (a) Sole as Defined (c) Shared- Managers
Amount in Instr. V Other See Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BEYOND.COM 7.25% CB CB 83403EAA6 1,516,056 1,810 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 08860EAA9 5,755,905 6,872 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BLACK & DECKER CORP CMN 91797100 3,527,075 77,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC CMN 93671105 3,140,531 72,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP CMN 97383103 2,477,750 68,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BRAUN CONSULTING INC CMN 105651103 3,524,500 212,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO CMN 110122108 5,865,750 86,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BSC 40.000 STRIKE PUT 10/ PUT 073902108 225,000 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
BYND 12.500 STRIKE PUT 03/ PUT 08860E101 737,500 2,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
C 40.000 STRIKE PUT 01/22/ PUT 172967101 370,313 500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CAREMARK RX INC 6.5% DEBT CB 58503X206 294,469 34,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB CB 141706AC5 1,079,516 2,510 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CMN 143658102 604,650 13,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP CMN 147619100 2,514 160,906 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 29,121,529
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
SEC USE ONLY
- ------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -------------------------------------------------------------------------
<S> <C> <C> <C>
BEYOND.COM 7.25% CB n/a
- -------------------------------------------------------------------------
BEYOND.COM 7.25% CB n/a
- -------------------------------------------------------------------------
BLACK & DECKER CORP X
- -------------------------------------------------------------------------
BLOCK H & R INC X
- -------------------------------------------------------------------------
BOISE CASCADE CORP X
- -------------------------------------------------------------------------
BRAUN CONSULTING INC X
- -------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO X
- -------------------------------------------------------------------------
BSC 40.000 STRIKE PUT 10/ n/a
- -------------------------------------------------------------------------
BYND 12.500 STRIKE PUT 03/ n/a
- -------------------------------------------------------------------------
C 40.000 STRIKE PUT 01/22/ n/a
- -------------------------------------------------------------------------
CAREMARK RX INC 6.5% DEBT n/a
- -------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB n/a
- -------------------------------------------------------------------------
CARNIVAL CORP X
- -------------------------------------------------------------------------
CASMYN CORP X
- -------------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 1F
Page 9 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CENDANT CORP CMN 151313103 4,586,724 258,407 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENTOCOR INC CMN 152342101 46,223,381 789,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN & PET CO CMN 153527106 76,250 10,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CEPHALON 7.25% CNV PFD PFD 156708307 207,403 3,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CEPHALON INC CMN 156708109 3,126,563 174,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHAMPION INT'L CMN 158525105 3,914,775 76,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN BANK CMN 16161A108 4,695,863 62,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% CB 162825103 752,500 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHICAGO TITLE CORP CMN 168228104 5,571,281 139,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CIRCUIT CITY STORES INC CMN 172737108 5,674,219 134,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB 172755AC4 5,019,942 6,678 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC CMN 17275R102 4,426,395 64,560 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22/ CB 177376AB6 17,241,750 35,550 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 CB 177376AA8 3,530,800 7,280 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 105,047,846
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------
<S> <C> <C> <C>
CENDANT CORP X
- ---------------------------------------------------------------------
CENTOCOR INC X
- ---------------------------------------------------------------------
CENTRAL GARDEN & PET CO X
- ---------------------------------------------------------------------
CEPHALON 7.25% CNV PFD n/a
- ---------------------------------------------------------------------
CEPHALON INC X
- ---------------------------------------------------------------------
CHAMPION INT'L X
- ---------------------------------------------------------------------
CHASE MANHATTAN BANK X
- ---------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% n/a
- ---------------------------------------------------------------------
CHICAGO TITLE CORP X
- ---------------------------------------------------------------------
CIRCUIT CITY STORES INC X
- ---------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% n/a
- ---------------------------------------------------------------------
CISCO SYS INC X
- ---------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22/ n/a
- ---------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 n/a
- ---------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 1F
Page 10 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CKE RESTAURANTS INC CMN 1.2561E+109 424,125 58,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CKR 7.5000 STRIKE PUT 03/ PUT 12561E105 225,000 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CLOROX CO CMN 189054109 3,408,075 89,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CMDC 10 STRIKE PUT 12/18/1 PUT 141706101 246,875 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY 8.75% CV PFD 125896308 16,304,912 447,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNB BANCSHARES INC CMN 126126101 4,012,100 75,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/1 CB 125945AC9 8,190,158 5,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/1 CB 125945AA3 1,408,680 860 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP 6.625% FELINE PFD 190441865 4,261,016 164,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE CO CMN 194162103 1,166,625 25,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUWARE CORP CMN 205638109 1,318,763 50,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AF2 362,612 160 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AG0 19,014,460 8,390 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CONCORD EFS INC CMN 206197105 748,688 36,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 61,092,088
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------
<S> <C> <C> <C>
CKE RESTAURANTS INC X
- --------------------------------------------------------------
CKR 7.5000 STRIKE PUT 03/ n/a
- --------------------------------------------------------------
CLOROX CO X
- --------------------------------------------------------------
CMDC 10 STRIKE PUT 12/18/1 n/a
- --------------------------------------------------------------
CMS ENERGY 8.75% CV n/a
- --------------------------------------------------------------
CNB BANCSHARES INC X
- --------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/1 n/a
- --------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/1 n/a
- --------------------------------------------------------------
COSTAL CORP 6.625% FELINE n/a
- --------------------------------------------------------------
COLGATE PALMOLIVE CO X
- --------------------------------------------------------------
COMPUWARE CORP X
- --------------------------------------------------------------
COMVERSE TECH 4.5% CB n/a
- --------------------------------------------------------------
COMVERSE TECH 4.5% CB n/a
- --------------------------------------------------------------
CONCORD EFS INC X
- --------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 1F
Page 11 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CONEXANT SYSTEMS 4.25% CB CB 207142AA8 7,578,766 4,420 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CONOCO CL B CMN 208251405 118,699,643 4,336,060 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. CMN 208464107 5,092,000 268,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED NATURAL GAS CMN 209615103 36,233,638 580,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDUSTRIES CMN 216669101 2,650,725 56,700 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COX COMMS 7% PFD 224044305 9,197,180 158,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% CB 225302AC2 12,780,939 13,368 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% PFD 225756204 504,461 33,750 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CROWN CASTLE INTL 7% DECS PFD 24366F203 6,497,160 348,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ PUT 172755100 335,938 1,250 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ PUT 172755100 313,906 2,450 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CSCO 57.500 STRIKE PUT 01/ PUT 17275R102 443,750 2,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB DUE CB 126545AD4 8,740,087 9,432 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CUMMINS ENGINE CMN 231021106 607,713 12,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 209,675,904
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------
<S> <C> <C> <C>
CONEXANT SYSTEMS 4.25% CB n/a
- ---------------------------------------------------------------------
CONOCO CL B X
- ---------------------------------------------------------------------
CONSECO INC. X
- ---------------------------------------------------------------------
CONSOLIDATED NATURAL GAS X
- ---------------------------------------------------------------------
COOPER INDUSTRIES X
- ---------------------------------------------------------------------
COX COMMS 7% n/a
- ---------------------------------------------------------------------
CREDENCE SYS. REG 5.25% n/a
- ---------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% n/a
- ---------------------------------------------------------------------
CROWN CASTLE INTL 7% DECS n/a
- ---------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------
CSCO 57.500 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------------
CUC/CD INTL. 3% REG CB DUE n/a
- ---------------------------------------------------------------------
CUMMINS ENGINE X
- ---------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 12 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CVS CORP 6% DEBT PERC DUE CB 126645209 12,818,055 173,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% CB 232806AD1 13,820,580 12,191 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS CMN 232809103 4,415,625 225,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DANA CORP CMN 235811106 1,774,575 47,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DANAHER CORP CMN 235851102 4,604,888 87,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DATA GENERAL CORP AMERICAN CMN 237688106 14,398,325 683,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO CMN 242361103 1,128,269 25,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DECS TRUST I 8.5% DEBT PERC CB 233185206 172,813 35,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DELL 32.500 STRIKE PUT 01 PUT 247025109 412,500 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CMN 247025109 4,515,750 108,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DELTA & PINE LAND CO CMN 247357106 35,453,925 1,370,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DIMON, INC CMN 254394109 81,375 21,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK 4.75% CB DUE CB 258609AA4 4,276,534 2,715 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC CMN 260561105 1,713,338 32,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 99,586,550
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------
<S> <C> <C> <C>
CVS CORP 6% DEBT PERC DUE n/a
- ---------------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% n/a
- ---------------------------------------------------------------------
CYPRUS AMAX MINERALS X
- ---------------------------------------------------------------------
DANA CORP X
- ---------------------------------------------------------------------
DANAHER CORP X
- ---------------------------------------------------------------------
DATA GENERAL CORP AMERICAN X
- ---------------------------------------------------------------------
DEAN FOODS CO X
- ---------------------------------------------------------------------
DECS TRUST I 8.5% DEBT PERC n/a
- ---------------------------------------------------------------------
DELL 32.500 STRIKE PUT 01 n/a
- ---------------------------------------------------------------------
DELL COMPUTER X
- ---------------------------------------------------------------------
DELTA & PINE LAND CO X
- ---------------------------------------------------------------------
DIMON, INC X
- ---------------------------------------------------------------------
DOUBLECLICK 4.75% CB DUE n/a
- ---------------------------------------------------------------------
DOW JONES & CO INC X
- ---------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 13 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
DREYER'S GRAND ICE CREAM I CMN 261878102 2,519,375 145,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DUKE ENERGY CMN 264399106 11,895,975 215,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% CB 26632SAA7 431,052 550 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EATON CORP CMN 278058102 2,917,363 33,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ECOLAB INC CMN 278865100 1,719,900 50,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EL 45.000 STRIKE PUT 01/2 PUT 518439104 605,625 850 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS CMN 285661104 6,558,956 123,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELI LILLY CMN 532457108 834,438 13,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EMC 60.000 STRIKE CALL 10 CALL 268648102 590,625 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENAMELON INC CMN 292499100 16,268 13,348 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENGELHARD CORP CMN 292845104 724,525 39,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENML 10.000 STRIKE PUT 11/ PUT 292499100 834,100 950 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENML 5.0000 STRIKE PUT 11/ PUT 292499100 264,600 700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENRON CORP 7% CB 293561882 17,417,856 812,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 47,330,657
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
DREYER'S GRAND ICE CREAM I X
- ----------------------------------------------------------------
DUKE ENERGY X
- ----------------------------------------------------------------
DURA PHARMACETICALS 3.5% n/a
- ----------------------------------------------------------------
EATON CORP X
- ----------------------------------------------------------------
ECOLAB INC X
- ----------------------------------------------------------------
EL 45.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
ELECTRONIC DATA SYSTEMS X
- ----------------------------------------------------------------
ELI LILLY X
- ----------------------------------------------------------------
EMC 60.000 STRIKE CALL 10 n/a
- ----------------------------------------------------------------
ENAMELON INC X
- ----------------------------------------------------------------
ENGELHARD CORP X
- ----------------------------------------------------------------
ENML 10.000 STRIKE PUT 11/ n/a
- ----------------------------------------------------------------
ENML 5.0000 STRIKE PUT 11/ n/a
- ----------------------------------------------------------------
ENRON CORP 7% n/a
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 14 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ENSCO INTL INC CMN 26874Q100 1,627,431 90,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP NEW CMN 29364G103 1,177,756 40,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EOP 25.000 STRIKE PUT 01/ PUT 294741103 206,250 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EQUITY OFFICE PROPERTIES CMN 294741103 523,125 22,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% PFD 518437207 19,087,608 274,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER TRACES 6.25% PFD 518438205 19,594,275 255,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP CMN 302051107 656,944 68,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUN. 5% CB CB 302088AE9 3,225,199 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXXON CORP CMN 302290101 29,617,200 389,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FANNIE MAE CMN 313586109 4,519,769 72,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FASTENAL CO CMN 311900104 928,363 19,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST AMERICAN CORP/TN CMN 318900107 8,017,050 184,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATL CORP CMN 337162101 410,625 14,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP CMN 337358105 8,079,750 226,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 97,671,344
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
ENSCO INTL INC X
- ----------------------------------------------------------------
ENTERGY CORP NEW X
- ----------------------------------------------------------------
EOP 25.000 STRIKE PUT 01/ n/a
- ----------------------------------------------------------------
EQUITY OFFICE PROPERTIES X
- ----------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% n/a
- ----------------------------------------------------------------
ESTEE LAUDER TRACES 6.25% n/a
- ----------------------------------------------------------------
EXIDE CORP X
- ----------------------------------------------------------------
EXODUS COMMUN. 5% CB n/a
- ----------------------------------------------------------------
EXXON CORP X
- ----------------------------------------------------------------
FANNIE MAE X
- ----------------------------------------------------------------
FASTENAL CO X
- ----------------------------------------------------------------
FIRST AMERICAN CORP/TN X
- ----------------------------------------------------------------
FIRST TENNESSEE NATL CORP X
- ----------------------------------------------------------------
FIRST UNION CORP X
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 15 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FLEETWOOD CAPITAL TRUST 6% PFD 339072407 1,677,860 47,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FLEXTRONICS INTL CMN Y2573F102 1,600,156 27,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FORD MOTOR COMPANY CMN 345370100 2,085,375 41,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FOUR SEASONS 0% CB DUE 9/2 CB 35100EAD6 3,656,250 15,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FOUR SEASONS HOTEL INC - \ CMN 3.51E+108 1,751,344 47,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FRO 40.000 STRIKE CALL 01/ CALL 35906P103 2,083,113 1,253 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FRUIT OF THE LOOM 6.5% 11/ CB 359416AK0 617,500 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FRUIT OF THE LOOM 7.375% 1 CB 359416AL8 1,070,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FUISZ TECH 7% CB DUE 10/15 CB 359536AB5 5,784,000 6,025 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GAP INC CMN 364760108 7,257,600 226,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GBLX 40.000 STRIKE PUT 10/ PUT G3921A100 641,250 475 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GBLX 55 STRIKE PUT 10/16/1 PUT G3921A100 712,500 250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL DYNAMICS CORP CMN 369550108 3,434,063 55,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL INSTRUMENT CORP CMN 370120107 28,924,800 602,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 61,295,810
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
FLEETWOOD CAPITAL TRUST 6% n/a
- ----------------------------------------------------------------
FLEXTRONICS INTL X
- ----------------------------------------------------------------
FORD MOTOR COMPANY X
- ----------------------------------------------------------------
FOUR SEASONS 0% CB DUE 9/2 n/a
- ----------------------------------------------------------------
FOUR SEASONS HOTEL INC - \ X
- ----------------------------------------------------------------
FRO 40.000 STRIKE CALL 01/ n/a
- ----------------------------------------------------------------
FRUIT OF THE LOOM 6.5% 11/ n/a
- ----------------------------------------------------------------
FRUIT OF THE LOOM 7.375% 1 n/a
- ----------------------------------------------------------------
FUISZ TECH 7% CB DUE 10/15 n/a
- ----------------------------------------------------------------
GAP INC X
- ----------------------------------------------------------------
GBLX 40.000 STRIKE PUT 10/ n/a
- ----------------------------------------------------------------
GBLX 55 STRIKE PUT 10/16/1 n/a
- ----------------------------------------------------------------
GENERAL DYNAMICS CORP X
- ----------------------------------------------------------------
GENERAL INSTRUMENT CORP X
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 36 Name of Reporting Manager Citadel LImited Partnership
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (a) Sole (b) Shared (c)Shared- Managers
Number Value Principal As Defined Other See Instr. V
Amount in Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
GENERAL MOTORS CMN 370442105 11,926,656 189,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GEORGIA PACIFIC 7.5% PEPS PFD 373298801 5,696,958 129,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC 4.75% CB CB 374276AC7 3,646,776 3,530 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC 4.75% CB CB 374276AA1 516,541 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING LTD CMN G3921A100 1,989,620 75,080 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBAL LIGHT TELECOMM INC CMN 37934X100 509,375 50,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% PFD 37936U609 2,449,013 62,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% PFD 37936U401 648,574 16,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS GROUP CB 37936UAE4 9,344,648 10,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD 8% PFD 379364805 11,222,000 198,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP DEL CMN 381317106 4,011,150 40,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE CMN 382550101 2,131,938 44,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC CMN 384802104 273,956 5,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
GTECH HOLDINGS CORP CMN 400518106 623,831 29,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 54,991,037
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
GENERAL MOTORS X
- ----------------------------------------------------------------
GEORGIA PACIFIC 7.5% PEPS n/a
- ----------------------------------------------------------------
GETTY IMAGES INC 4.75% CB n/a
- ----------------------------------------------------------------
GETTY IMAGES INC 4.75% CB n/a
- ----------------------------------------------------------------
GLOBAL CROSSING LTD X
- ----------------------------------------------------------------
GLOBAL LIGHT TELECOMM INC X
- ----------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% n/a
- ----------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% n/a
- ----------------------------------------------------------------
GLOBAL TELESYSTEMS GROUP n/a
- ----------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD 8% n/a
- ----------------------------------------------------------------
GOLDEN WEST FINL CORP DEL X
- ----------------------------------------------------------------
GOODYEAR TIRE X
- ----------------------------------------------------------------
GRAINGER W W INC X
- ----------------------------------------------------------------
GTECH HOLDINGS CORP X
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 36 Name of Reporting Manager Citadel LImited Partnership
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (a) Sole (b) Shared (c)Shared- Managers
Number Value Principal As Defined Other See Instr. V
Amount in Instr. V
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
GTS 32.500 STRIKE PUT 01/2 PUT 37936U104 1,318,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GUM TECH INTL INC CMN 402803100 271,045 21,052 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO CMN 406216101 4,141,000 101,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO CB 805897AA3 1,262,010 1,357 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP CMN 421924101 306,250 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HELMERICH & PAYNE INC CMN 423452101 896,063 35,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HERBALIFE INTL - CL B CMN 426908307 1,097,250 76,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO CMN 428236103 4,092,825 45,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HILTON HOTELS CORP CMN 432848109 1,473,350 149,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HLT 12.500 STRIKE PUT 01/2 PUT 432848109 575,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% CB 40425PAA5 13,753,845 12,307 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HOUSTON INTO TIME WARNER CMN 442161204 4,600,200 45,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/2 PUT 421924101 943,750 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HSB GROUP INC CMN 40428N109 401,138 11,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 35,132,475
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
GTS 32.500 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
GUM TECH INTL INC X
- ----------------------------------------------------------------
HALLIBURTON CO X
- ----------------------------------------------------------------
HARLAND (JOHN H.) CO n/a
- ----------------------------------------------------------------
HEALTHSOUTH CORP X
- ----------------------------------------------------------------
HELMERICH & PAYNE INC X
- ----------------------------------------------------------------
HERBALIFE INTL - CL B X
- ----------------------------------------------------------------
HEWLETT PACKARD CO X
- ----------------------------------------------------------------
HILTON HOTELS CORP X
- ----------------------------------------------------------------
HLT 12.500 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% n/a
- ----------------------------------------------------------------
HOUSTON INTO TIME WARNER X
- ----------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
HSB GROUP INC X
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 36 Name of Reporting Manager Citadel LImited Partnership
-- --
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (a) Sole (b) Shared (c) Shared- Managers
Number Value Principal As Defined Other See Instr. V
Amount in Instr. V
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
HUDSON UNITED BANCORP CMN 444165104 366,669 11,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES INC CMN 444903108 206,500 2,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HWP 90.000 STRIKE PUT 02/1 PUT 428236103 604,688 750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HBM 100.00 STRIKE PUT 01/2 PUT 459200101 768,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IBM 105.00 STRIKE PUT 01/2 PUT 459200101 368,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IDACORP INC CMN 451107106 382,588 12,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB CB 449370AA3 5,572,313 8,475 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IDPH 100.00 STRIKE CALL 01 CALL 449370105 362,500 250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IDPH 95.000 STRIKE PUT 01/ PUT 449370105 320,000 200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IHS 7.0000 STRIKE PUT 10/0 PUT 45812C106 815,625 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IMAX CORP 5.75% DUE 4/1/20 CB U45090AA2 5,964,337 5,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INCO LTD. CMN 453258402 647,663 30,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO CMN 456866102 2,060,156 37,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INGERSOLL-RAND 6.75% DP PFD 456867209 8,249,505 317,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,690,042
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
HUDSON UNITED BANCORP X
- ---------------------------------------------------------------
HUMAN GENOME SCIENCES INC X
- ---------------------------------------------------------------
HWP 90.000 STRIKE PUT 02/1 n/a
- ---------------------------------------------------------------
HBM 100.00 STRIKE PUT 01/2 n/a
- ---------------------------------------------------------------
IBM 105.00 STRIKE PUT 01/2 n/a
- ---------------------------------------------------------------
IDACORP INC X
- ---------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB n/a
- ---------------------------------------------------------------
IDPH 100.00 STRIKE CALL 01 n/a
- ---------------------------------------------------------------
IDPH 95.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
IHS 7.0000 STRIKE PUT 10/0 n/a
- ---------------------------------------------------------------
IMAX CORP 5.75% DUE 4/1/20 n/a
- ---------------------------------------------------------------
INCO LTD. X
- ---------------------------------------------------------------
INGERSOLL RAND CO X
- --------------------------------------------------------------
INGERSOLL-RAND 6.75% DP n/a
- --------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 19 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
INPRISE CORPORATION CMN 45766C102 2,407,886 588,186 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 65.000 STRIKE PUT 01/ PUT 458140100 312,500 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 70.000 STRIKE PUT 01/ PUT 458140100 243,750 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTEGRATED DEVICE TECH INC CMN 458118106 1,017,500 55,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTEL CMN 458140100 4,505,047 60,623 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTELECT COMMUNICATIONS CMN 458144102 724,622 5,520,927 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMM FLA INC CMN 458801107 2,441,916 112,272 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL NETWORK SVCS CMN 460053101 24,963,563 459,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO. CMN 460146103 9,953,744 207,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
IR 55.000 STRIKE PUT 03/1 PUT 456866102 228,125 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
JACOBS ENGINEERING GROUP CMN 469814107 227,500 7,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON 4.75% CB CB 152342AE1 5,790,080 4,374 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
JOHNSON CTLS INC CMN 478366107 371,350 5,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
JONES INTERCABLE CMN 480206200 15,575,406 288,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 68,762,988
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------
<S> <C> <C> <C>
INPRISE CORPORATION X
- -----------------------------------------------------------------------
INTC 65.000 STRIKE PUT 01/ n/a
- -----------------------------------------------------------------------
INTC 70.000 STRIKE PUT 01/ n/a
- -----------------------------------------------------------------------
INTEGRATED DEVICE TECH INC X
- -----------------------------------------------------------------------
INTEL X
- -----------------------------------------------------------------------
INTELECT COMMUNICATIONS X
- -----------------------------------------------------------------------
INTERMEDIA COMM FLA INC X
- -----------------------------------------------------------------------
INTERNATIONAL NETWORK SVCS X
- -----------------------------------------------------------------------
INTERNATIONAL PAPER CO. X
- -----------------------------------------------------------------------
IR 55.000 STRIKE PUT 03/1 n/a
- -----------------------------------------------------------------------
JACOBS ENGINEERING GROUP X
- -----------------------------------------------------------------------
JOHNSON & JOHNSON 4.75% CB n/a
- -----------------------------------------------------------------------
JOHNSON CTLS INC X
- -----------------------------------------------------------------------
JONES INTERCABLE X
- -----------------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 20 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
JP MORGAN 'COMPS' - PFD PFD 46623N208 47,417,300 1,935,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
JUST FOR FEET INC 11% 05/0 CB 48213PAC0 380,000 2,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% CV P PFD 486168503 1,459,050 205,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KELLWOOD CO CMN 488044108 330,000 15,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP CMN 492386107 2,714,581 49,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KING WORLD PRODTNS INC CMN 495667107 47,643,750 1,270,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KM 12.500 STRIKE PUT 01/22 PUT 524901105 316,875 1,950 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP CMN 500255104 7,234,075 109,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LAIDLAW INC 11.500% 04/15/ CB 398048AH1 4,592,000 4,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH 5% CB CB 512807AC2 988,069 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LANDS END INC CMN 515086106 1,089,000 16,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LEH 55.000 STRIKE PUT 01/2 PUT 524908100 228,125 500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS CMN 524908100 1,266,738 21,700 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE 4.75% CV PFD 501608202 233,600 7,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 115,893,162
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------
(SEC USE ONLY)
- -------------------------------------------------------------------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
-----------------------------------
(a) Sole (b) Shared (c) None
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C>
JP MORGAN 'COMPS' - PFD n/a
- -------------------------------------------------------------------------------------------
JUST FOR FEET INC 11% 05/0 n/a
- -------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% CV P n/a
- -------------------------------------------------------------------------------------------
KELLWOOD CO X
- -------------------------------------------------------------------------------------------
KERR MCGEE CORP X
- -------------------------------------------------------------------------------------------
KING WORLD PRODTNS INC X
- -------------------------------------------------------------------------------------------
KM 12.500 STRIKE PUT 01/22 n/a
- -------------------------------------------------------------------------------------------
KOHLS CORP X
- -------------------------------------------------------------------------------------------
LAIDLAW INC 11.500% 04/15/ n/a
- -------------------------------------------------------------------------------------------
LAM RESEARCH 5% CB n/a
- -------------------------------------------------------------------------------------------
LANDS END INC X
- -------------------------------------------------------------------------------------------
LEH 55.000 STRIKE PUT 01/2 n/a
- -------------------------------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS X
- -------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE 4.75% CV n/a
- -------------------------------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 21 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
LEVEL THREE 6% CB DUE CB 52729NAG5 13,080,635 13,125 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LHSP 35.000 STRIKE PUT 03/ PUT B5628B104 950,000 1,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LHSP 40.000 STRIKE PUT 03/ PUT B5628B104 2,156,250 2,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP CMN 535678106 999,281 17,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LIZ CLAIBORNE INC CMN 539320101 2,182,400 70,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LOEWS CORP. CMN 540424108 2,000,344 28,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LOEWS/DIAMOND OFFSHORE 3.1 CB 540424AL2 30,432,424 35,977 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 PUT G56462107 243,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/2 PUT G56462107 609,375 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% PFD G56462149 42,967,494 881,008 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% 144 PFD 543885404 611,042 12,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LSI 30.000 STRIKE PUT 01/2 PUT 502161102 450,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC 4.25% DUE 3/15/2 CB 502161AD4 4,620,597 2,575 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LVLT 45.000 STRIKE PUT 03 PUT 52729N100 253,125 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 101,556,718
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------------------------------
<S> <C> <C> <C>
LEVEL THREE 6% CB DUE n/a
- ----------------------------------------------------------------------------------------
LHSP 35.000 STRIKE PUT 03/ n/a
- ----------------------------------------------------------------------------------------
LHSP 40.000 STRIKE PUT 03/ n/a
- ----------------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP X
- ----------------------------------------------------------------------------------------
LIZ CLAIBORNE INC X
- ----------------------------------------------------------------------------------------
LOEWS CORP. X
- ----------------------------------------------------------------------------------------
LOEWS/DIAMOND OFFSHORE 3.1 n/a
- ----------------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% n/a
- ----------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% 144 n/a
- ----------------------------------------------------------------------------------------
LSI 30.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------------------------------
LSI LOGIC 4.25% DUE 3/15/2 n/a
- ----------------------------------------------------------------------------------------
LVLT 45.000 STRIKE PUT 03 n/a
- ----------------------------------------------------------------------------------------
COLUMN TOTALS n/a
- ----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Page 22 of 36 FORM 13F
-- --
Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ PUT 52729N100 875,000 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
LYONDELL CHEMICAL CO CMN 552078107 520,288 38,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB DUE CB 560321AD3 1,546,810 1,578 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MANDALAY RESORT GROUP CMN 562567107 1,844,650 93,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MARSH & MCLENNAN COS INC CMN 571748102 3,630,500 53,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MAT 25.000 STRIKE PUT 1/22 PUT 577081102 229,500 300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MBNA CORP CMN 55262L100 857,750 37,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MCGRAW-HILL, INC. CMN 580645109 246,713 5,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
McLeodUSA Inc. 6.75% PERP PFD 582266201 14,445,795 36,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS CMN 55268N100 1,320,769 104,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MEDE AMER CORP CMN 584067102 5,529,200 240,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% MAND PFD 58440J401 127,608,120 1,222,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC. CMN 58440J104 129,875,725 1,901,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
MEDICAL MANAGER 5% CB 2/15 CB 58461UAA1 16,105,268 16,815 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 304,636,087
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------------
<S> <C> <C> <C>
- -----------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ n/a
- -----------------------------------------------------------------------------
LYONDELL CHEMICAL CO X
- -----------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB DUE n/a
- -----------------------------------------------------------------------------
MANDALAY RESORT GROUP X
- -----------------------------------------------------------------------------
MARSH & MCLENNAN COS INC X
- -----------------------------------------------------------------------------
MAT 25.000 STRIKE PUT 1/22 n/a
- -----------------------------------------------------------------------------
MBNA CORP X
- -----------------------------------------------------------------------------
MCGRAW-HILL, INC. X
- -----------------------------------------------------------------------------
McLeodUSA Inc. 6.75% PERP n/a
- -----------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS X
- -----------------------------------------------------------------------------
MEDE AMER CORP X
- -----------------------------------------------------------------------------
MEDIAONE GROUP 6.25% MAND n/a
- -----------------------------------------------------------------------------
MEDIAONE GROUP INC. X
- -----------------------------------------------------------------------------
MEDICAL MANAGER 5% CB 2/15 n/a
- -----------------------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 22 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b)Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MEDIMMUNE INC CMN 584699102 996,563 10,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MEDSCAPE INC CMN 585046105 405,000 40,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC CMN 585055106 8,101,138 227,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC CMN 590188108 1,266,650 18,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH (IMC GLOBAL) CMN 590188751 2,161,728 125,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
METROMEDIA INTL (N/C was CMN 591695101 288,750 70,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MGM GRAND INC CMN 552953101 2,024,550 39,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC CMN 595112103 5,000,800 75,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CMN 594918104 4,147,763 45,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MIDWAY GAMES INC CMN 598148104 1,102,500 70,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MINDSPRING ENTERPRISES INC CMN 602683AA2 22,932,031 24,625 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO INC CMN 616880100 7,700,450 67,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER CMN 617446448 7,509,588 84,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MOT 95.000 STRIKE PUT 01/2 PUT 620076109 1,831,250 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 65,468,759
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
MEDIMMUNE INC X
- -----------------------------------------------------------------
MEDSCAPE INC X
- -----------------------------------------------------------------
MEDTRONIC INC X
- -----------------------------------------------------------------
MERRILL LYNCH & CO INC X
- -----------------------------------------------------------------
MERRILL LYNCH (IMC GLOBAL) X
- -----------------------------------------------------------------
METROMEDIA INTL (N/C was X
- -----------------------------------------------------------------
MGM GRAND INC X
- -----------------------------------------------------------------
MICRON TECHNOLOGY INC X
- -----------------------------------------------------------------
MICROSOFT X
- -----------------------------------------------------------------
MIDWAY GAMES INC X
- -----------------------------------------------------------------
MINDSPRING ENTERPRISES INC X
- -----------------------------------------------------------------
MORGAN J P & CO INC X
- -----------------------------------------------------------------
MORGAN STANLEY DEAN WITTER X
- -----------------------------------------------------------------
MOT 95.000 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 24 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
MRV COMMUNICATIONS 5% 6/15 CB 553477AB6 7,131,520 6,735 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 PUT 594918104 717,500 2,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MTC 40.000 STRIKE PUT 11/2 PUT 611662107 2,572,500 4,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MTC 45.000 STRIKE PUT 10/1 PUT 611662107 656,250 700 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 PUT 595112103 390,000 800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MU 50.000 STRIKE PUT 01/20 PUT 595112103 1,737,500 2,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MU 60.000 STRIKE PUT 01/20 PUT 595112103 1,318,750 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MUELLER INDUSTRIES CMN 624756102 608,594 20,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MURPHY OIL CORP CMN 626717102 200,031 3,700 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
MWD 80.000 STRIKE PUT 01/2 PUT 617446448 295,313 250 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NACCO INDS INC CMN 629579103 600,925 8,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL DATA CORP CMN 635621105 301,600 11,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR CMN 637640103 1,797,075 58,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG CB 628874AC3 4,434,380 12,635 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 22,761,937
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------------
<S> <C> <C> <C>
MRV COMMUNICATIONS 5% 6/15 n/a
- -----------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------------------
MTC 40.000 STRIKE PUT 11/2 n/a
- -----------------------------------------------------------------------
MTC 45.000 STRIKE PUT 10/1 n/a
- -----------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 n/a
- -----------------------------------------------------------------------
MU 50.000 STRIKE PUT 01/20 n/a
- -----------------------------------------------------------------------
MU 60.000 STRIKE PUT 01/20 n/a
- -----------------------------------------------------------------------
MUELLER INDUSTRIES X
- -----------------------------------------------------------------------
MURPHY OIL CORP X
- -----------------------------------------------------------------------
MWD 80.000 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------------------
NACCO INDS INC X
- -----------------------------------------------------------------------
NATIONAL DATA CORP X
- -----------------------------------------------------------------------
NATIONAL SEMICONDUCTOR X
- -----------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG n/a
- -----------------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 25 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NCSS 7.5000 STRIKE PUT 01/ PUT 628874109 246,875 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ PUT 640938106 1,003,125 750 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ PUT 640938106 5,437,500 2,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ PUT 640938106 1,318,750 500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ PUT 640938106 387,188 150 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID DUE CB 640938AB2 1,638,150 4,890 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NEWELL RUBBERMAID INC CMN 651229106 914,000 32,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NEWPARK RESOURCES CMN 651718504 323,175 41,700 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS INC CMN 65332V103 1,003,625 14,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 PFD 651291205 9,620,487 172,100 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NIELSEN MEDIA RESEARCH CMN 653929307 24,023,125 646,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. 7.75% PIES D PFD 65473P303 1,248,324 29,400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING CMN 655042109 1,371,563 62,700 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NORTEL INVERSORA 10% MEDS PFD 656567302 8,274,125 178,900 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 56,810,011
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- --------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------
<S> <C> <C> <C>
NCSS 7.5000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
NETWORK ASSOC. 0% OID DUE n/a
- --------------------------------------------------------------
NEWELL RUBBERMAID INC X
- --------------------------------------------------------------
NEWPARK RESOURCES X
- --------------------------------------------------------------
NEXTEL COMMUNICATIONS INC X
- --------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 n/a
- --------------------------------------------------------------
NIELSEN MEDIA RESEARCH X
- --------------------------------------------------------------
NISOURCE INC. 7.75% PIES D n/a
- --------------------------------------------------------------
NOBLE DRILLING X
- --------------------------------------------------------------
NORTEL INVERSORA 10% MEDS n/a
- --------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 26 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NORTHROP GRUMMAN CORP CMN 666807102 1,347,525 21,200 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NTL INCORPORATED 7% CB DUE CB 629407AL1 1,355,822 795 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP CMN 670346105 3,114,675 65,400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
NXTL 55.000 STRIKE PUT 01 PUT 640938106 208,594 750 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM CMN 674599105 832,500 36,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ODP 16.625 STRIKE PUT PUT 676220106 239,063 250 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
OFFICE DEPOT CMN 676220106 614,775 58,550 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ONE 40.000 STRIKE PUT 02/1 PUT 06423A103 631,250 1,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ONE 55.000 STRIKE PUT 01/2 PUT 06423A103 2,037,500 1,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 CB 682180AA2 518,760 524 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP CMN 68389X105 998,270 21,940 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ORB 20.000 STRIKE PUT 01/2 PUT 685564106 968,750 2,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ORB 20.000 STRIKE PUT 03/1 PUT 685564106 1,062,500 2,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 CB 685564AC0 12,671,045 14,370 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,601,028
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
NORTHROP GRUMMAN CORP X
- ---------------------------------------------------------------
NTL INCORPORATED 7% CB DUE n/a
- --------------------------------------------------------------
NUCOR CORP X
- --------------------------------------------------------------
NXTL 55.000 STRIKE PUT 01 n/a
- --------------------------------------------------------------
OCCIDENTAL PETROLEUM X
- --------------------------------------------------------------
ODP 16.625 STRIKE PUT n/a
- --------------------------------------------------------------
OFFICE DEPOT X
- --------------------------------------------------------------
ONE 40.000 STRIKE PUT 02/1 n/a
- --------------------------------------------------------------
ONE 55.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 n/a
- --------------------------------------------------------------
ORACLE SYS CORP X
- --------------------------------------------------------------
ORB 20.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------
ORB 20.000 STRIKE PUT 03/1 n/a
- --------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 n/a
- --------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 27 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- --------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ORCL 35.000 STRIKE PUT 01/ PUT 68389X105 675,000 1,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC CMN 689899102 988,188 38,800 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
OUTDOOR SYS INC CMN 690057104 59,398,625 1,661,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PAYCHEX INC CMN 704326107 2,857,969 83,750 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PD 76.000 STRIKE PUT 10/08 PUT 717265102 837,500 400 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC CMN 713448108 6,743,550 221,100 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PG&E CORP CMN 69331C108 3,757,050 145,200 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP CMN 717265102 6,359,719 115,500 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO CMN 718507106 765,375 15,700 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PHOTRONICS, INC. 6% CB CB 719405AA0 2,066,844 2,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PIONEER HI BRED INTL INC CMN 723686101 29,765,625 750,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PITNEY BOWES INC CMN 724479100 1,212,656 19,900 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
PIXTECH INC CMN 72583K109 156,967 96,595 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
POGO PRODUCING CO 6.5% CNV PFD 73044P208 2,323,750 44,000 X n/a
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 117,908,817
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -------------------------------------------------------------
<S> <C> <C> <C>
ORCL 35.000 STRIKE PUT 01/ n/a
- -------------------------------------------------------------
OUTBACK STEAKHOUSE INC X
- -------------------------------------------------------------
OUTDOOR SYS INC X
- -------------------------------------------------------------
PAYCHEX INC X
- -------------------------------------------------------------
PD 76.000 STRIKE PUT 10/08 n/a
- -------------------------------------------------------------
PEPSICO INC X
- -------------------------------------------------------------
PG&E CORP X
- -------------------------------------------------------------
PHELPS DODGE CORP X
- -------------------------------------------------------------
PHILLIPS PETE CO X
- -------------------------------------------------------------
PHOTRONICS, INC. 6% CB n/a
- -------------------------------------------------------------
PIONEER HI BRED INTL INC X
- -------------------------------------------------------------
PITNEY BOWES INC X
- -------------------------------------------------------------
PIXTECH INC X
- -------------------------------------------------------------
POGO PRODUCING CO 6.5% CNV n/a
- -------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 28 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
PRAXAIR INC CMN 74005P104 4,347,000 94,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
PREMARK INTL INC CMN 740459102 37,875,000 750,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/200 PFD 740540307 2,047,125 37,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC CMN 741932107 349,013 24,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
PRIORITY HEALTHCARE CMN 74264T102 277,875 9,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO CMN 743315103 4,680,694 57,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
QUALCOMM 5.75% REG TRUST PFD 74752R402 219,387,640 828,649 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST $1.9336 SER PFD 755271202 11,204,448 406,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RELIANT 2% EXCHNG INTO TWX CMN 75952J207 24,762,800 399,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC NEW YORK CORP CMN 760719104 16,391,525 266,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB CB 760943AC4 24,789,527 25,011 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS METALS CO CMN 761763101 7,546,875 125,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RII 12.500 STRIKE PUT 01/2 PUT 760516104 240,625 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RNB 55.000 STRIKE PUT 12/1 PUT 760719104 220,894 693 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 354,121,040
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b)Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
PRAXAIR INC X
- -----------------------------------------------------------------
PREMARK INTL INC X
- -----------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/200 n/a
- -----------------------------------------------------------------
PRIDE INTERNATIONAL INC X
- -----------------------------------------------------------------
PRIORITY HEALTHCARE X
- -----------------------------------------------------------------
PROGRESSIVE CORP-OHIO X
- -----------------------------------------------------------------
QUALCOMM 5.75% REG TRUST n/a
- -----------------------------------------------------------------
READERS DIGEST $1.9336 SER n/a
- -----------------------------------------------------------------
RELIANT 2% EXCHNG INTO TWX X
- -----------------------------------------------------------------
REPUBLIC NEW YORK CORP X
- -----------------------------------------------------------------
RES-CARE INC. 6% REG CB n/a
- -----------------------------------------------------------------
REYNOLDS METALS CO X
- -----------------------------------------------------------------
RII 12.500 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------------
RNB 55.000 STRIKE PUT 12/1 n/a
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 29 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ROBERT HALF INTL INC CMN 770323103 1,042,625 43,900 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
ROBERTS PHARMACEUTICAL CORP CMN 770491108 7,562,500 250,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
ROSS STORES INC CMN 778296103 845,451 42,010 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC CMN 779382100 1,267,500 78,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETRO NY SHARE CMN 780257804 11,593,969 196,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
RUSSELL CORP CMN 782352108 1,064,063 75,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SABRE HOLDINGS CORP CMN 785905100 430,000 10,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB 786449AD0 1,033,980 940 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SALOMON (CINC BELL) 6.25% PFD 79549B867 4,828,250 71,200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SANM 70.000 STRIKE PUT 01/ PUT 800907107 306,250 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SANM 70.000 STRIKE PUT 04/ PUT 800907107 800,000 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SANMINA 4.25% CB DUE 5/1/2 CB 800907AA5 1,632,607 1,460 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SANMINA CORP CMN 800907107 1,292,163 16,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP CMN 806605101 9,894,150 226,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,593,507
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b)Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
ROBERTS PHARMACEUTICAL CORP X
- -----------------------------------------------------------------
ROSS STORES INC X
- -----------------------------------------------------------------
ROWAN COS INC X
- -----------------------------------------------------------------
ROYAL DUTCH PETRO NY SHARE X
- -----------------------------------------------------------------
RUSSELL CORP X
- -----------------------------------------------------------------
SABRE HOLDINGS CORP X
- -----------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% n/a
- -----------------------------------------------------------------
SALOMON (CINC BELL) 6.25% n/a
- -----------------------------------------------------------------
SANM 70.000 STRIKE PUT 01/ n/a
- -----------------------------------------------------------------
SANM 70.000 STRIKE PUT 04/ n/a
- -----------------------------------------------------------------
SANMINA 4.25% CB DUE 5/1/2 n/a
- -----------------------------------------------------------------
SANMINA CORP X
- -----------------------------------------------------------------
SCHERING PLOUGH CORP X
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 30 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Shares of (b) Shared Managers
Class Number Market Principal (a) Sole As Defined (c) Shared- See Instr. V
Value Amount in Instr. V Other
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SCRIPPS HOWARD INC -CL A CMN 811054204 216,150 4,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SEAGRAM COMPANY 7.5% DUE 6 PFD 811850205 7,899,368 172,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP 4% CV PF D PFD 81211K209 58,474,462 1,148,625 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO CMN 812387108 906,738 28,900 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SEG 30.000 STRIKE CALL 01/ CALL 811804103 410,375 938 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SELECT APPOINTMENTS HLDGS CMN 816170000 16,875,000 500,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SHERWIN-WILLIAMS CMN 824348106 2,393,156 114,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SIEBEL SYSTEMS 5.5% CB CB 826170AA0 392,692 400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SILICON GRAPHICS 5.25% CB CB 827056AC6 2,310,000 3,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SKYTEL COMMUNICATIONS INC CMN 83087Q104 27,481,569 1,500,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP CMN 834182107 13,802,363 192,200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA INC 12% 11/01 CB 836153AC0 893,000 2,350 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SPORTSLINE USE INC 5% CB CB 848934AC9 1,693,224 2,200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
SPRING INDS INC CL A CMN 851783100 380,100 11,200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 134,128,196
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer (a) Sole (b)Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
SCRIPPS HOWARD INC -CL A X
- -----------------------------------------------------------------
SEAGRAM COMPANY 7.5% DUE 6 n/a
- -----------------------------------------------------------------
SEALED AIR CORP 4% CV PF D n/a
- -----------------------------------------------------------------
SEARS ROEBUCK & CO X
- -----------------------------------------------------------------
SEG 30.000 STRIKE CALL 01/ n/a
- -----------------------------------------------------------------
SELECT APPOINTMENTS HLDGS X
- -----------------------------------------------------------------
SHERWIN-WILLIAMS X
- -----------------------------------------------------------------
SIEBEL SYSTEMS 5.5% CB n/a
- -----------------------------------------------------------------
SILICON GRAPHICS 5.25% CB n/a
- -----------------------------------------------------------------
SKYTEL COMMUNICATIONS INC X
- -----------------------------------------------------------------
SOLECTRON CORP X
- -----------------------------------------------------------------
SOURCE MEDIA INC 12% 11/01 n/a
- -----------------------------------------------------------------
SPORTSLINE USE INC 5% CB n/a
- -----------------------------------------------------------------
SPRING INDS INC CL A X
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 31 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SRCM 11.000 STRIKE 06/23/2 WT 836153114 256,500 152,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ST PAUL BANCORP INC CMN 792878103 7,143,863 312,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
STAAR SURGICAL CO CMN 852312305 285,000 24,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
STM ELECTRONICS 0% CB CB 861012AB8 20,806,322 26,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS 0% CB CB 861012AA0 101,809,779 74,540 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE 2 PFD 86507G408 4,781,943 136,875 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUN HEALTHCARE GROUP 7% PFD PFD 866749203 90,070 900,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC CMN 866810104 3,766,500 40,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUNRISE ASSISTED LIVING 5. CB 86768KAC0 4,149,805 4,334 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BKS INC CMN 867914103 973,100 14,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUNW 85.000 STRIKE PUT 01/ PUT 866810104 1,262,500 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% CB 871873AB1 1,315,197 1,688 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SYSTEMS AND COMPUTER TECH CMN 871873105 1,989,146 158,340 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TANDY CORP CMN 875382103 1,106,113 21,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 149,735,838
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C>
SRCM 11.000 STRIKE 06/23/2 n/a
- ---------------------------------------------------------------
ST PAUL BANCORP INC X
- ---------------------------------------------------------------
STAAR SURGICAL CO X
- ---------------------------------------------------------------
STM ELECTRONICS 0% CB n/a
- ---------------------------------------------------------------
STMICROELECTRONICS 0% CB n/a
- ---------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE 2 n/a
- ---------------------------------------------------------------
SUN HEALTHCARE GROUP 7% PF n/a
- ---------------------------------------------------------------
SUN MICROSYSTEMS INC X
- ---------------------------------------------------------------
SUNRISE ASSISTED LIVING 5. n/a
- ---------------------------------------------------------------
SUNTRUST BKS INC X
- ---------------------------------------------------------------
SUNW 85.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% n/a
- ---------------------------------------------------------------
SYSTEMS AND COMPUTER TECH X
- ---------------------------------------------------------------
TANDY CORP X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 32 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
TECHNOMATIX TECH 5.25% REG CB 878732AD8 5,323,433 7,124 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC CMN 879131100 1,011,700 30,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TELEBANC FINL CORP CMN 87925R109 12,068,100 524,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS (TCI P CMN 872294202 40,380,000 150,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC CMN 880770102 800,175 22,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TESORO PETROLEUM 7.25% CV PFD 881609408 275,100 17,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS UTILITIES CO CMN 882848104 1,033,556 27,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC CMN 883203101 588,050 7,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMEDICS INC 2.875% DUE CB 883901100 2,200,950 2,628 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CB 88355KAA9 1,256,231 1,504 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYSTEMS CMN 88355K200 377,625 53,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB 88355WAA3 1,640,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB U8835NAA8 2,517,400 3,070 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TIDEWATER CMN 886423102 591,600 23,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 70,063,920
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C>
TECHNOMATIX TECH 5.25% REG n/a
- ---------------------------------------------------------------
TEKTRONIX INC X
- ---------------------------------------------------------------
TELEBANC FINL CORP X
- ---------------------------------------------------------------
TELE-COMMUNICATIONS (TCI P X
- ---------------------------------------------------------------
TERADYNE INC X
- ---------------------------------------------------------------
TESORO PETROLEUM 7.25% CV n/a
- ---------------------------------------------------------------
TEXAS UTILITIES CO X
- ---------------------------------------------------------------
TEXTRON INC X
- ---------------------------------------------------------------
THERMEDICS INC 2.875% DUE n/a
- ---------------------------------------------------------------
THERMO CARDIOSYS 4.75% n/a
- ---------------------------------------------------------------
THERMO CARDIOSYSTEMS X
- ---------------------------------------------------------------
THERMO FIBERTEK 4.5% CB n/a
- ---------------------------------------------------------------
THERMO FIBERTEK 4.5% n/a
- ---------------------------------------------------------------
TIDEWATER X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 33 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
TIMBERLAND CO -CL A CMN 887100105 550,781 14,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TITANIUM METALS 6.625% CV PFD 887381408 1,926,188 82,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP CMN 891027104 1,446,413 55,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE 5% CB CB 891707AE1 7,640,121 8,041 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TOWER SEMICONDUCTOR LTD CMN M87915100 784,750 86,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL CB 896047305 39,374,449 331,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 6.25% EXCHG. NOTES CB 896047206 5,463,000 242,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRINITY INDUSTRIES CMN 896522109 441,513 14,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATIONS CMN 897844106 545,625 15,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRW INC CMN 872649108 1,875,575 37,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 CB 895927AB7 9,568,723 38,550 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TUBOSCOPE INC CMN 898600101 160,444 12,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TXN 40.000 STRIKE PUT 01/ PUT 882508104 250,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD CMN 902124106 13,959,400 135,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 83,986,981
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
- ----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C>
TIMBERLAND CO -CL A X
- ---------------------------------------------------------------
TITANIUM METALS 6.625% CV n/a
- ---------------------------------------------------------------
TORCHMARK CORP X
- ---------------------------------------------------------------
TOWER AUTOMOTIVE 5% CB n/a
- ---------------------------------------------------------------
TOWER SEMICONDUCTOR LTD X
- ---------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL n/a
- ---------------------------------------------------------------
TRIBUNE 6.25% EXCHG. NOTES n/a
- ---------------------------------------------------------------
TRINITY INDUSTRIES X
- ---------------------------------------------------------------
TRUE NORTH COMMUNICATIONS X
- ---------------------------------------------------------------
TRW INC X
- ---------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 n/a
- ---------------------------------------------------------------
TUBOSCOPE INC X
- ---------------------------------------------------------------
TXN 40.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
TYCO INTERNATIONAL LTD X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 34 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
UNION CARBIDE CMN 905581104 33,803,438 595,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNIONBANCAL CORP CMN 908906100 706,875 19,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP CMN 913017109 907,481 15,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNITRODE CORP CMN 913283107 40,450,200 963,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
US WEST INC CMN 91273H101 136,156,831 2,386,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
USX CORP 6.75% CV PFD PFD 902905793 1,110,013 106,425 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
USX-MARATHON GROUP INC CMN 902905827 5,194,800 177,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UTILICORP UNITED CMN 918005109 2,632,813 125,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VALASSIS COMMUNICATIONS CMN 918866104 935,869 21,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VANTIVE CORP. 4.75% CB 922091AC7 1,691,476 2,342 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VASTAR RESOURCES INC CMN 922380100 519,269 8,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VERIO INC CMN 923433106 427,800 13,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VERITAS SOFTWARE 1.856% CB 92343RAA1 76,883,169 73,135 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VERT 32.500 STRIKE PUT PUT 92532L107 750,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 302,170,033
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------
<S> <C> <C> <C>
UNION CARBIDE X
- ---------------------------------------------------------------
UNIONBANCAL CORP X
- ---------------------------------------------------------------
UNITED TECHNOLOGIES CORP X
- ---------------------------------------------------------------
UNITRODE CORP X
- ---------------------------------------------------------------
US WEST INC X
- ---------------------------------------------------------------
USX CORP 6.75% CV PFD n/a
- ---------------------------------------------------------------
USX-MARATHON GROUP INC X
- ---------------------------------------------------------------
UTILICORP UNITED X
- ---------------------------------------------------------------
VALASSIS COMMUNICATIONS X
- ---------------------------------------------------------------
VANTIVE CORP. 4.75% n/a
- ---------------------------------------------------------------
VASTAR RESOURCES INC X
- ---------------------------------------------------------------
VERIO INC X
- ---------------------------------------------------------------
VERITAS SOFTWARE 1.856% n/a
- ---------------------------------------------------------------
VERT 32.500 STRIKE PUT n/a
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 35 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
VERTICALNET 5.25% CB CB 92532LAA5 493,544 465 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VERTICALNET INC CMN 92532L107 1,010,100 27,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VO 47.500 STRIKE PUT 02/19 PUT 811850106 246,875 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VOICESTREAM WIRELESS CORP CMN 928615103 4,628,906 75,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VRIO 27.500 STRIKE PUT 02/ PUT 923433106 288,750 700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VRIO 32.500 STRIKE PUT 02/ PUT 923433106 270,000 400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
VSTR 65.000 STRIKE PUT 02/ PUT 928615103 909,375 750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WARNACO GROUP INC -CL A CMN 934390105 1,337,725 73,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL SAVINGS CMN 939322103 1,968,525 67,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT INC. 4% CB 94106LAA7 4,700,846 5,293 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WEBMD COM STK CMN 94768L108 5,829,410 100,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP CMN 957683105 15,697,200 406,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL CMN 958102105 1,462,094 396,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP. CMN 963320106 6,198,156 94,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 45,041,505
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------
<S> <C> <C> <C>
VERTICALNET 5.25% CB n/a
- --------------------------------------------------------------
VERTICALNET INC X
- --------------------------------------------------------------
VO 47.500 STRIKE PUT 02/19 n/a
- --------------------------------------------------------------
VOICESTREAM WIRELESS CORP X
- --------------------------------------------------------------
VRIO 27.500 STRIKE PUT 02/ n/a
- --------------------------------------------------------------
VRIO 32.500 STRIKE PUT 02/ n/a
- --------------------------------------------------------------
VSTR 65.000 STRIKE PUT 02/ n/a
- --------------------------------------------------------------
WARNACO GROUP INC -CL A X
- --------------------------------------------------------------
WASHINGTON MUTUAL SAVINGS X
- --------------------------------------------------------------
WASTE MANAGEMENT INC. 4% n/a
- --------------------------------------------------------------
WEBMD COM STK X
- --------------------------------------------------------------
WESTERN BANCORP X
- --------------------------------------------------------------
WESTERN DIGITAL X
- --------------------------------------------------------------
WHIRLPOOL CORP. X
- --------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 36 of 36 Name of Reporting Manager Citadel Limited Partnership
-- --
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WHITMAN CORP CMN 96647R107 658,350 46,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WILLAMETTE INDS INC CMN 969133107 3,260,250 75,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB CB 973149AC1 6,312,894 6,875 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WLP 70.000 STRIKE PUT 01/2 PUT 94973H108 368,750 250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB CB 98141AAC5 974,021 1,460 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WORLD COLOR PRESS INC CMN 981443104 16,855,625 452,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
WRIGLEY WM JR CO CMN 982526105 4,844,400 70,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
XILINX INC CMN 983919101 1,693,000 25,835 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
XL CAPITAL LTD -CL A CMN G98255105 3,375,000 75,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
YAHOO! INC CMN 984332106 5,205,500 29,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
YHOO 140.00 STRIKE PUT 04 PUT 984332106 1,031,250 750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
YHOO 155.00 STRIKE PUT 04 PUT 984332106 993,750 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
YORK INTL CMN 986670107 1,394,375 38,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ZILA INCORPORATED CMN 989513205 1,396,835 421,686 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 48,364,000
- ------------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 3,915,401,041
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------
Item 1: Item 8:
Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------
<S> <C> <C> <C>
WHITMAN CORP X
- --------------------------------------------------------------
WILLAMETTE INDS INC X
- --------------------------------------------------------------
WIND RIVER 5% REG CB n/a
- --------------------------------------------------------------
WLP 70.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------
WORLD ACCESS 4.5% REG CB n/a
- --------------------------------------------------------------
WORLD COLOR PRESS INC X
- --------------------------------------------------------------
WRIGLEY WM JR CO X
- --------------------------------------------------------------
XILINX INC X
- --------------------------------------------------------------
XL CAPITAL LTD -CL A X
- --------------------------------------------------------------
YAHOO! INC X
- --------------------------------------------------------------
YHOO 140.00 STRIKE PUT 04 n/a
- --------------------------------------------------------------
YHOO 155.00 STRIKE PUT 04 n/a
- --------------------------------------------------------------
YORK INTL X
- --------------------------------------------------------------
ZILA INCORPORATED X
- --------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------
LONG MARKET VALUE
- --------------------------------------------------------------
</TABLE>
