<PAGE>
THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON AUGUST
15, 1999 PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FOR WHICH THAT
REQUEST WAS DENIED ON OCTOBER 7, 1999.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: JUNE 30, 1999
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[X] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9/TH/ FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
/s/ Gerald A. Beeson CHICAGO, ILLINOIS 11/1/1999
- ---------------------------- ----------------- ---------
[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: 438
Form 13F Information Table Value Total: $3,315,669 (thousands)
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 1 of 32 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>
AAPL 10.000 STRIKE PUT 01/ PUT 37833100 1,834,375 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL 01 CALL 37833100 1,596,875 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 30.000 STRIKE PUT 01/ PUT 37833100 890,625 2,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ PUT 37833100 250,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 35.000 STRIKE PUT 01/ PUT 37833100 1,050,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 45.000 STRIKE PUT 01/ PUT 37833100 965,625 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ABACUS DIRECT CORP CMN 2553105 22,014,900 240,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ABOVENET COMMUNICATIONS CMN 3743101 13,501,400 334,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% CB 004933AB3 4,795,060 5,172 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ACTIVISION 6.75% CB CB 004930AC7 2,418,295 2,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. CB 577777AA3 2,804,155 1,980 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ADAPTEC, INC. 4.75% REG CB 00651FAC2 7,843,784 8,280 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% CB 007903AC1 14,162,986 18,415 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ADVANTA CORP - CLASS B CMN 7942204 203,438 15,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 74,331,518
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
AAPL 10.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
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 35.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
AAPL 45.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
ABACUS DIRECT CORP X
- --------------------------------------------------------------------
ABOVENET COMMUNICATIONS X
- --------------------------------------------------------------------
ACTION PERFORMANCE 4.75% n/a
- --------------------------------------------------------------------
ACTIVISION 6.75% CB n/a
- --------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. n/a
- --------------------------------------------------------------------
ADAPTEC, INC. 4.75% REG n/a
- --------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% n/a
- --------------------------------------------------------------------
ADVANTA CORP - CLASS B X
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 2 of 32 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>
AEHR TEST SYSTEMS INC CMN 00760J108 79,438 20,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AES 45.000 STRIKE PUT PUT 1034305 240,625 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD PFD 1034305 18,959,566 329,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AHT CORP CMN 00130R103 75,000 20,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALCOA INC CMN 13817101 792,000 12,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALD 87.000 STRIKE PUT 07/0 PUT 19512102 3,600,000 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALD 91.000 STRIKE PUT 07/0 PUT 19512102 2,800,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALKERMES, INC 6.5% PERP PFD 01642T405 2,331,720 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALKS 25.000 STRIKE PUT 11/ PUT 01642T405 234,375 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC CMN 18490102 1,298,700 11,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALLIED SIGNAL INC CMN 19512102 8,171,100 129,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP CMN 20039103 10,381,800 145,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP CMN 21441100 484,968 13,174 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ALZA CORP CMN 22615108 25,437,500 500,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 74,886,791
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
AEHR TEST SYSTEMS INC X
- --------------------------------------------------------------------
AES 45.000 STRIKE PUT n/a
- --------------------------------------------------------------------
AES CORP. 5.5% CV PFD n/a
- --------------------------------------------------------------------
AHT CORP X
- --------------------------------------------------------------------
ALCOA INC X
- --------------------------------------------------------------------
ALD 87.000 STRIKE PUT 07/0 n/a
- --------------------------------------------------------------------
ALD 91.000 STRIKE PUT 07/0 n/a
- --------------------------------------------------------------------
ALKERMES, INC 6.5% PERP n/a
- --------------------------------------------------------------------
ALKS 25.000 STRIKE PUT 11/ n/a
- --------------------------------------------------------------------
ALLERGAN INC X
- --------------------------------------------------------------------
ALLIED SIGNAL INC X
- --------------------------------------------------------------------
ALLTEL CORP X
- --------------------------------------------------------------------
ALTERA CORP X
- --------------------------------------------------------------------
ALZA CORP X
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 3 of 32 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>
AMAZON.COM INC 4.75% CB CB 023135AD8 925,377 950 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMAZON.COM INC 4.75% CB CB 023135AF3 42,080,299 43,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMD 15.000 STRIKE PUT 01/2 PUT 007903AC1 387,500 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 PUT 007903AC1 493,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMD 20.000 STRIKE PUT 01/2 PUT 007903AC1 625,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 PUT 007903AC1 412,500 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 PUT 007903AC1 475,000 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMDOCS TRACES 6.75% PFD 02342R202 7,399,140 331,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP CMN 23551104 1,904,000 32,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN BANKERS INS CMN 24456105 20,942,106 384,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMERITECH CORP NEW CMN 30954101 73,500,000 1,000,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORP CMN 32165102 904,313 39,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMZN 100 STRIKE PUT 01/20 PUT 023135106 412,500 150 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AMZN 170.00 STRIKE PUT 01/ PUT 023135106 8,981,250 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 159,442,735 n/a
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
AMAZON.COM INC 4.75% CB n/a
- --------------------------------------------------------------------
AMAZON.COM INC 4.75% CB 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
- --------------------------------------------------------------------
AMD 25.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
AMDOCS TRACES 6.75% n/a
- --------------------------------------------------------------------
AMERADA HESS CORP X
- --------------------------------------------------------------------
AMERICAN BANKERS INS X
- --------------------------------------------------------------------
AMERITECH CORP NEW X
- --------------------------------------------------------------------
AMSOUTH BANCORP X
- --------------------------------------------------------------------
AMZN 100 STRIKE PUT 01/20 n/a
- --------------------------------------------------------------------
AMZN 170.00 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 4 of 32 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>
ANADARKO PETROLEUM CMN 32511107 2,116,719 57,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS INC CMN 35229103 4,497,438 63,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP 4.5% CB CB 03664PAB1 11,367,794 7,675 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 150 STRIKE PUT 01/20 PUT 02364JAB0 576,250 100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 4% CB DUE 11/15/02 CB 02364JAB0 325,284,625 38,579 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER INC CMN 37833100 6,374,823 137,648 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIAL CMN 38222105 2,727,834 36,925 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ARONEX PHARMACEUTICALS CMN 42666206 443,750 100,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ASHLAND INC CMN 44204105 814,538 20,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ASIA PULP AND PAPER 0% CB CB 00202NAA3 2,781,000 15,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ASPEN TECH. 5.25.% CB CB 045327AB9 1,389,062 2,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP 0.5246% CB CB 045919AA5 5,016,003 6,422 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% PFD 048396AC9 18,205,035 8,462 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP 0% CV BD CB 049513AB0 2,460,409 5,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 384,055,280
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
ANADARKO PETROLEUM X
- -----------------------------------------------------------
ANHEUSER BUSCH COS INC X
- -----------------------------------------------------------
ANTEC CORP 4.5% CB n/a
- -----------------------------------------------------------
AOL 150 STRIKE PUT 01/20 n/a
- -----------------------------------------------------------
AOL 4% CB DUE 11/15/02 n/a
- -----------------------------------------------------------
APPLE COMPUTER INC X
- -----------------------------------------------------------
APPLIED MATERIAL X
- -----------------------------------------------------------
ARONEX PHARMACEUTICALS X
- -----------------------------------------------------------
ASHLAND INC X
- -----------------------------------------------------------
ASIA PULP AND PAPER 0% CB n/a
- -----------------------------------------------------------
ASPEN TECH. 5.25.% CB n/a
- -----------------------------------------------------------
AT HOME CORP 0.5246% CB n/a
- -----------------------------------------------------------
ATLANTIC COAST AIRLINES 7% n/a
- -----------------------------------------------------------
ATMEL CORP 0% CV BD n/a
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 5 of 32 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>
ATML 20.000 STRIKE PUT 02 PUT 049513AB0 243,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ATML 20.000 STRIKE PUT 11/ PUT 049513AB0 225,000 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ATRIX LABS. 7% REG CB CB 04962LAC5 1,155,000 1,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AUTONATION (REPUBLIC IND) CMN 05300A202 1,012,491 57,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AUTOZONE INC CMN 53332102 1,066,425 35,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
AVADO BRANDS INC CMN 05336P108 124,788 14,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BAANF COMPANY N.V. CB CB 056072AB7 9,436,663 10,250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BALL CORP CMN 58498106 815,425 19,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BALLARD MEDICAL PRODUCTS CMN 58566100 17,484,375 750,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BANK ONE CORP. CMN 06423A103 2,525,450 42,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP CMN 60505104 1,722,844 23,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON CMN 06605R106 25,081,925 490,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BAUSCH & LOMB INC CMN 71707103 4,284,000 56,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COMPANIES CMN 73902108 5,521,175 118,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 70,699,310
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
ATML 20.000 STRIKE PUT 02 n/a
- -----------------------------------------------------------
ATML 20.000 STRIKE PUT 11/ n/a
- -----------------------------------------------------------
ATRIX LABS. 7% REG CB n/a
- -----------------------------------------------------------
AUTONATION (REPUBLIC IND) X
- -----------------------------------------------------------
AUTOZONE INC X
- -----------------------------------------------------------
AVADO BRANDS INC X
- -----------------------------------------------------------
BAANF COMPANY N.V. CB n/a
- -----------------------------------------------------------
BALL CORP X
- -----------------------------------------------------------
BALLARD MEDICAL PRODUCTS X
- -----------------------------------------------------------
BANK ONE CORP. X
- -----------------------------------------------------------
BANKAMERICA CORP X
- -----------------------------------------------------------
BANKBOSTON X
- -----------------------------------------------------------
BAUSCH & LOMB INC X
- -----------------------------------------------------------
BEAR STEARNS COMPANIES X
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 6 of 32 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>
BEAS SYSTEMS 4% CB CB 073325AB8 51,765,002 43,030 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC 4.25% EXCH CB 07785GAC4 25,466,750 24,725 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP CMN 79860102 7,278,525 157,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BERGEN BRUNSWIG CORP CMN 83739102 270,825 15,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 83403EAA6 3,082,343 1,810 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 08860EAA9 10,839,266 6,372 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC CMN 93671105 2,890,000 57,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP CMN 97383103 926,100 21,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BP AMOCO PLC ADR 1:6 CMN 55622104 17,794,000 164,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID DUE 3/1 CB 109473AC2 547,241 2,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BRINKER INTL INC CMN 109641100 1,988,250 72,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO CMN 110122108 704,375 10,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BROADCAST.COM CMN 111310108 66,781,250 500,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
BROWNING-FERRIS CMN 115885105 19,496,200 453,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 209,830,126
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
BEAS SYSTEMS 4% CB n/a
- -----------------------------------------------------------
BELL ATLANTIC 4.25% EXCH n/a
- -----------------------------------------------------------
BELLSOUTH CORP X
- -----------------------------------------------------------
BERGEN BRUNSWIG CORP X
- -----------------------------------------------------------
BEYOND.COM 7.25% CB n/a
- -----------------------------------------------------------
BEYOND.COM 7.25% CB n/a
- -----------------------------------------------------------
BLOCK H & R INC X
- -----------------------------------------------------------
BOISE CASCADE CORP X
- -----------------------------------------------------------
BP AMOCO PLC ADR 1:6 X
- -----------------------------------------------------------
BRIGHTPOINT 0% OID DUE 3/1 n/a
- -----------------------------------------------------------
BRINKER INTL INC X
- -----------------------------------------------------------
BRISTOL MYERS SQUIBB CO X
- -----------------------------------------------------------
BROADCAST.COM X
- -----------------------------------------------------------
BROWNING-FERRIS X
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 7 of 32 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>
BURLINGTON RES INC CMN 122014103 4,528,275 104,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
C 40.000 STRIKE PUT 01/22 PUT 172967101 314,063 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CABOT OIL & GAS CORP CMN 127097103 208,600 11,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CALLAWAY GOLF CO CMN 131193104 731,250 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW CMN 135923100 1,312,069 55,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CAPSTAR BROADCASTING CORP CMN 14067G105 41,404,688 1,512,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB CB 141706AC5 1,046,072 1,525 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CARNIVAL CORP CMN 143658102 9,050,100 186,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP CMN 147619100 2,514 160,906 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
C-CUBE MICROSYSTEMS INC CMN 125015107 253,500 8,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP CMN 151313103 8,221,095 401,029 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENTOCOR INC 4.75% CB 2/15 CB 152342AE1 12,152,586 10,930 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% CB 153527AC0 644,605 825 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURY COMMUN -CL A CMN 156503104 12,374,000 269,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 92,243,415
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1. Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
BURLINGTON RES INC X
- ---------------------------------------------------------------
C 40.000 STRIKE PUT 01/22 n/a
- ---------------------------------------------------------------
CABOT OIL & GAS CORP X
- ---------------------------------------------------------------
CALLAWAY GOLF CO X
- ---------------------------------------------------------------
CANADIAN PAC LTD NEW X
- ---------------------------------------------------------------
CAPSTAR BROADCASTING CORP X
- ---------------------------------------------------------------
CAREMATRIX 6.25% REG CB n/a
- ---------------------------------------------------------------
CARNIVAL CORP X
- ---------------------------------------------------------------
CASMYN CORP X
- ---------------------------------------------------------------
C-CUBE MICROSYSTEMS INC X
- ---------------------------------------------------------------
CENDANT CORP X
- ---------------------------------------------------------------
CENTOCOR INC 4.75% CB 2/15 n/a
- ---------------------------------------------------------------
CENTRAL GARDEN & PET 6% n/a
- ---------------------------------------------------------------
CENTURY COMMUN -CL A X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 8 of 32 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>
CHECKPOINT SYSTEMS 5.25% CB 162825AB9 604,270 800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% CB 162825AB9 2,270,569 3,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% CB 170268AC0 578,340 459 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CHURCH & DWIGHT INC CMN 171340102 226,200 5,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP. CMN 125509109 3,853,700 43,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB CB 172755AC4 5,142,615 7,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC CMN 17275R102 1,431,538 22,216 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC. CMN 172967101 10,609,125 223,350 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITIZENS UTILS CO DEL CMN 177342201 556,250 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS 0% CB DUE 3/22 CB 177376AB6 6,856,802 15,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 CB 177376AA8 4,270,939 9,530 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP CMN 178566105 935,938 25,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS 4.25% CB CB 12561EAB1 1,410,009 1,863 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CLAIRES STORES INC CMN 179584107 278,100 10,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 39,024,396
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1. Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
CHECKPOINT SYSTEMS 5.25% n/a
- ---------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% n/a
- ---------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% n/a
- ---------------------------------------------------------------
CHURCH & DWIGHT INC X
- ---------------------------------------------------------------
CIGNA CORP. X
- ---------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB n/a
- ---------------------------------------------------------------
CISCO SYS INC X
- ---------------------------------------------------------------
CITIGROUP INC. X
- ---------------------------------------------------------------
CITIZENS UTILS CO DEL X
- ---------------------------------------------------------------
CITRIX SYS 0% CB DUE 3/22 n/a
- ---------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 n/a
- ---------------------------------------------------------------
CITY NATIONAL CORP X
- ---------------------------------------------------------------
CKE RESTAURANTS 4.25% CB n/a
- ---------------------------------------------------------------
CLAIRES STORES INC X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 9 of 32 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>
CMS ENERGY CORP CMN 125896100 1,624,750 38,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNB BANCSHARES INC CMN 126126101 7,461,300 130,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/ CB 125945AA3 1,445,875 860 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNF TRANSPORTATION CMN 12612W104 1,093,400 28,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNTO 30.000 STRIKE PUT 01/ PUT 152342101 206,250 750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNTO 35.000 STRIKE PUT 01/ PUT 152342101 400,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNTO 40.000 STRIKE PUT 01/ PUT 152342101 425,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CNTO 45.000 STRIKE CALL 0 CALL 152342101 350,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE CO CMN 194162103 8,894,550 90,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLTEC INDUSTRIES CMN 196879100 774,244 35,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOCIATE INTL CMN 204912109 969,075 17,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOCIATES 6.25% CB 72764TAD3 4,150,000 4,150 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOCIATES 6.75% CB 72764TAA9 5,971,791 2,858 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER SCIENCES CORP CMN 205363104 1,141,594 16,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 34,907,829
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1. Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
CMS ENERGY CORP X
- ---------------------------------------------------------------
CNB BANCSHARES INC X
- ---------------------------------------------------------------
CNET INC. 5.00% CB DUE 3/ n/a
- ---------------------------------------------------------------
CNF TRANSPORTATION X
- ---------------------------------------------------------------
CNTO 30.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
CNTO 35.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
CNTO 40.000 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
CNTO 45.000 STRIKE CALL 0 n/a
- ---------------------------------------------------------------
COLGATE PALMOLIVE CO X
- ---------------------------------------------------------------
COLTEC INDUSTRIES X
- ---------------------------------------------------------------
COMPUTER ASSOCIATE INTL X
- ---------------------------------------------------------------
COMPUTER ASSOCIATES 6.25% n/a
- ---------------------------------------------------------------
COMPUTER ASSOCIATES 6.75% n/a
- ---------------------------------------------------------------
COMPUTER SCIENCES CORP X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 10 of 32 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>
COMVERSE TECH 4.5% CB CB 205862AF2 298,856 160 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AG0 15,665,280 8,390 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AA8 6,086,827 4,280 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. CMN 208464107 8,272,913 271,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP CMN 210149100 1,601,100 59,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CORDANT TECHNOLOGIES INC CMN 218412104 438,319 9,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CORNING INC CMN 219350105 897,600 12,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CPQ 27.500 STRIKE PUT 07/ PUT 204493100 425,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% CB CB 225302AC2 1,118,734 1,250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% PFD 225756204 575,557 33,750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01 PUT 172755100 460,938 1,250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01 PUT 172755100 689,063 2,450 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CSCO 57.500 STRIKE PUT 01 PUT 17275R102 1,000,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CTXS 50.000 STRIKE PUT 12 PUT 177376100 553,125 750 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 38,083,311
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
COMVERSE TECH 4.5% CB n/a
- -----------------------------------------------------------------
COMVERSE TECH 4.5% CB n/a
- -----------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB n/a
- -----------------------------------------------------------------
CONSECO INC. X
- -----------------------------------------------------------------
CONSOLIDATED STORES CORP X
- -----------------------------------------------------------------
CORDANT TECHNOLOGIES INC X
- -----------------------------------------------------------------
CORNING INC X
- -----------------------------------------------------------------
CPQ 27.500 STRIKE PUT 07/ n/a
- -----------------------------------------------------------------
CREDENCE SYS. REG 5.25% CB n/a
- -----------------------------------------------------------------
CRESENT REAL ESTATE 6.75% 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
- -----------------------------------------------------------------
CTXS 50.000 STRIKE PUT 12 n/a
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 11 of 32 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>
CUC/CD INTL. 3% REG CB CB 126545AD4 12,856,000 13,432 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN/FROST BANKERS INC CMN 229899109 482,344 17,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CVS CORP 6% DEBT PERC CB 126645209 18,395,032 205,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CY 15.000 STRIKE PUT 01/22 PUT 232806109 280,938 1,550 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% CB 232806AD1 30,938,625 30,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DANA CORP CMN 235811106 3,072,369 66,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DANAHER CORP CMN 235851102 4,057,125 69,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DANKA BUSINESS SYSTEMS CMN 236277AB5 1,550,250 2,650 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER CMN 247025109 1,243,200 33,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DELTA & PINE LAND CO CMN 247357106 31,500,000 1,000,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DELTA AIRLINES CMN 247361108 8,511,213 147,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DIME BANCORP INC CMN 25429Q102 1,191,400 59,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DOLLAR GEN CORP CMN 256669102 4,297,800 148,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK 4.75% CB CB 258609AA4 3,386,963 2,715 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 121,763,257
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
CUC/CD INTL. 3% REG CB n/a
- -----------------------------------------------------------------
CULLEN/FROST BANKERS INC X
- -----------------------------------------------------------------
CVS CORP 6% DEBT PERC n/a
- -----------------------------------------------------------------
CY 15.000 STRIKE PUT 01/22 n/a
- -----------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% n/a
- -----------------------------------------------------------------
DANA CORP X
- -----------------------------------------------------------------
DANAHER CORP X
- -----------------------------------------------------------------
DANKA BUSINESS SYSTEMS X
- -----------------------------------------------------------------
DELL COMPUTER X
- -----------------------------------------------------------------
DELTA & PINE LAND CO X
- -----------------------------------------------------------------
DELTA AIRLINES X
- -----------------------------------------------------------------
DIME BANCORP INC X
- -----------------------------------------------------------------
DOLLAR GEN CORP X
- -----------------------------------------------------------------
DOUBLECLICK 4.75% CB n/a
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 12 of 32 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>
DOW JONES & CO INC CMN 260561105 673,894 12,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM CMN 261878102 2,474,450 163,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DU PONT DE NEMOURS & CO. CMN 263534109 7,903,756 115,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% CB 26632SAA7 785,373 1,025 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EASTMAN KODAK CMN 277461109 2,791,300 41,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EIDOS USD 6.25% CB CB VV3079447 4,726,250 250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELAN CORP 0% OID CB 284129AA1 2,851,380 5,580 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS CMN 285661104 1,330,688 23,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELI LILLY CMN 532457108 4,283,175 59,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ELN/ADR 37.500 STRIKE PUT PUT 4305507 2,100,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EMC 60.000 STRIKE CALL 10 CALL 268648102 256,250 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EMC CORPORATION CMN 268648102 2,414,500 43,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EMERSON ELECTRIC CMN 291011104 5,374,863 85,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENAMELON INC CMN 292499100 21,150 16,920 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 37,987,028
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------
(SEC USE ONLY)
- -----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------------
<S> <C> <C> <C>
DOW JONES & CO INC X
- -----------------------------------------------------------------
DREYER'S GRAND ICE CREAM X
- -----------------------------------------------------------------
DU PONT DE NEMOURS & CO. X
- -----------------------------------------------------------------
DURA PHARMACETICALS 3.5% n/a
- -----------------------------------------------------------------
EASTMAN KODAK X
- -----------------------------------------------------------------
EIDOS USD 6.25% CB n/a
- -----------------------------------------------------------------
ELAN CORP 0% OID n/a
- -----------------------------------------------------------------
ELECTRONIC DATA SYSTEMS X
- -----------------------------------------------------------------
ELI LILLY X
- -----------------------------------------------------------------
ELN/ADR 37.500 STRIKE PUT n/a
- -----------------------------------------------------------------
EMC 60.000 STRIKE CALL 10 n/a
- -----------------------------------------------------------------
EMC CORPORATION X
- -----------------------------------------------------------------
EMERSON ELECTRIC X
- -----------------------------------------------------------------
ENAMELON INC X
- -----------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 13 of 32 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>
ENML 10.000 STRIKE PUT 08 PUT 2924998HB 531,875 575 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENML 10.000 STRIKE PUT 11 PUT 2924998HB 328,125 375 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ENML 5.0000 STRIKE PUT 08 PUT 2924998HB 525,000 1,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EQUIFAX INC CMN 294429105 588,844 16,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EQUITABLE COS CMN 29444G107 2,304,800 34,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% PFD 518437207 3,716,850 42,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER TRACES 6.25% PFD 518438205 21,221,700 222,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXECUTIVE RISK INC CMN 301586103 26,445,931 310,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP CMN 302051107 1,013,325 68,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
EXXON CORP CMN 302290101 20,900,875 271,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FAMILY DOLLAR STORES CMN 307000109 468,000 19,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FAMILY GOLF CENTERS 5.75% CB 30701AAC0 1,000,200 1,667 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FDX CORPORATION CMN 31304N107 1,085,000 20,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERAL HOME LN MTG CORP CMN 313400301 1,740,000 30,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 81,870,525
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
ENML 10.000 STRIKE PUT 08 n/a
- ------------------------------------------------------------------
ENML 10.000 STRIKE PUT 11 n/a
- ------------------------------------------------------------------
ENML 5.0000 STRIKE PUT 08 n/a
- ------------------------------------------------------------------
EQUIFAX INC X
- ------------------------------------------------------------------
EQUITABLE COS X
- ------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% n/a
- ------------------------------------------------------------------
ESTEE LAUDER TRACES 6.25% n/a
- ------------------------------------------------------------------
EXECUTIVE RISK INC X
- ------------------------------------------------------------------
EXIDE CORP X
- ------------------------------------------------------------------
EXXON CORP X
- ------------------------------------------------------------------
FAMILY DOLLAR STORES X
- ------------------------------------------------------------------
FAMILY GOLF CENTERS 5.75% n/a
- ------------------------------------------------------------------
FDX CORPORATION X
- ------------------------------------------------------------------
FEDERAL HOME LN MTG CORP X
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 14 of 32 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>
FEDERATED DEPT. 8.125% CB 31410HAF8 466,594 450 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP CMN 319963104 1,159,819 23,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP/DE CMN 336294103 51,832,225 1,902,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETWOOD CAPITAL TRUST 6 PFD 339072407 6,051,282 147,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FORD MOTOR COMPANY CMN 345370100 11,501,963 203,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FOREST LABORATORIES -CL CMN 345838106 1,480,000 32,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FRONTIER CORP CMN 35906P105 29,605,625 505,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FRONTIER INS GRP INC CMN 359081106 392,063 25,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
FUISZ TECH 7% CB CB 359536AB5 4,873,876 11,225 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GANNETT INC CMN 364730101 5,881,300 82,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GBLX 55 STRIKE PUT 10/16/1 PUT G3921A100 400,000 250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GBLX 70 STRIKE PUT 10/16/1 PUT G3921A100 575,000 200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GBLX 70 STRIKE PUT 7/17/99 PUT G3921A100 3,575,000 1,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP CMN 373298108 236,875 5,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 118,031,621
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
FEDERATED DEPT. 8.125% n/a
- ---------------------------------------------------------------
FIRST DATA CORP X
- ---------------------------------------------------------------
FIRST SECURITY CORP/DE X
- ---------------------------------------------------------------
FLEETWOOD CAPITAL TRUST 6 n/a
- ---------------------------------------------------------------
FORD MOTOR COMPANY X
- ---------------------------------------------------------------
FOREST LABORATORIES -CL X
- ---------------------------------------------------------------
FRONTIER CORP X
- ---------------------------------------------------------------
FRONTIER INS GRP INC X
- ---------------------------------------------------------------
FUISZ TECH 7% CB n/a
- ---------------------------------------------------------------
GANNETT INC X
- ---------------------------------------------------------------
GBLX 55 STRIKE PUT 10/16/1 n/a
- ---------------------------------------------------------------
GBLX 70 STRIKE PUT 10/16/1 n/a
- ---------------------------------------------------------------
GBLX 70 STRIKE PUT 7/17/99 n/a
- ---------------------------------------------------------------
GEORGIA-PACIFIC CORP X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 15 of 32 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>
GETTY IMAGES INC 4.75% CB CB 374276AA1 456,772 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC 4.75% CB CB 374276AC7 16,927,984 18,530 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBAL LIGHT TELECOMM CMN 37934X100 450,000 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE CMN 379352404 1,174,900 75,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% PFD 37936U401 1,105,500 16,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD 8% PFD 379364805 1,626,500 28,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GLOBALSTAR TELECOMM. LTD PFD 379364508 392,206 6,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GTSG 20.000 STRIKE CALL 10 CALL 37936U401 2,081,250 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GTSG 32.500 STRIKE PUT 01/ PUT 37936U401 350,000 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
GULFSTREAM AEROSPACE CMN 402734102 2,641,694 39,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO CMN 406216101 8,393,875 185,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO CMN 805897AA3 1,265,403 1,357 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP CMN 421924101 743,750 50,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
HEINZ (H.J.) CO. CMN 423074103 9,157,838 182,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 46,767,671
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ---------------------------------------------------------------
<S> <C> <C> <C>
GETTY IMAGES INC 4.75% CB n/a
- ---------------------------------------------------------------
GETTY IMAGES INC 4.75% CB n/a
- ---------------------------------------------------------------
GLOBAL LIGHT TELECOMM X
- ---------------------------------------------------------------
GLOBAL MARINE X
- ---------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% n/a
- ---------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD 8% n/a
- ---------------------------------------------------------------
GLOBALSTAR TELECOMM. LTD n/a
- ---------------------------------------------------------------
GTSG 20.000 STRIKE CALL 10 n/a
- ---------------------------------------------------------------
GTSG 32.500 STRIKE PUT 01/ n/a
- ---------------------------------------------------------------
GULFSTREAM AEROSPACE X
- ---------------------------------------------------------------
HALLIBURTON CO X
- ---------------------------------------------------------------
HARLAND (JOHN H.) CO X
- ---------------------------------------------------------------
HEALTHSOUTH CORP X
- ---------------------------------------------------------------
HEINZ (H.J.) CO. X
- ---------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 32 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>
HEWLETT PACKARD CO CMN 428236103 1,859,250 18,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% CB 40425PAA5 9,148,068 9,307 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
HONEYWELL INC CMN 438506107 13,800,713 119,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ PUT 421924101 503,125 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES INC CMN 444903108 3,950,000 100,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
HWP 75.000 STRIKE PUT 01/ PUT 428236103 210,000 800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
IBM 105.00 STRIKE PUT 01/ PUT 459200101 375,000 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
IBM CMN 459200101 14,954,225 115,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB CB 449370AA3 5,116,318 9,475 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO CMN 456866102 3,153,700 48,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INGERSOLL-RAND 6.75% DP PFD 456867209 4,898,325 162,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INTC 50.00 STRIKE PUT 01/2 PUT 45244U104 300,000 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INTC 60.00 STRIKE PUT 01/2 PUT 45244U104 700,000 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INTEGRATED SILICON SOLUTIONS CMN 45812P107 871,875 150,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 59,840,598
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------
(SEC USE ONLY)
-------------------------------
Item 1: Item 8:
Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
HEWLETT PACKARD CO X
- --------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% n/a
- --------------------------------------------------------------------
HONEYWELL INC X
- --------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
HUMAN GENOME SCIENCES INC X
- --------------------------------------------------------------------
HWP 75.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
IBM 105.00 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
IBM X
- --------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB n/a
- --------------------------------------------------------------------
INGERSOLL RAND CO X
- --------------------------------------------------------------------
INGERSOLL-RAND 6.75% DP n/a
- --------------------------------------------------------------------
INTC 50.00 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
INTC 60.00 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
INTEGRATED SILICON SOLUTIONS X
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 17 of 32 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>
INTEL CMN 458140100 3,992,450 67,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INTELECT COMMUNICATIONS CMN 458144102 2,785,106 1,937,465 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
INTERDIGITAL COMMUNICATION CMN 45866A105 126,450 28,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON CMN 478160104 2,900,800 29,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC CMN 480074103 1,533,769 44,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
JTS CORP CMN 465940104 3,500 1,749,776 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
K MART CORP CMN 482584109 414,150 25,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% CV PFD 486168503 4,145,100 505,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP CMN 492386107 818,056 16,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KEYCORP CMN 493267108 642,500 20,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP CMN 494368103 4,434,600 77,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KING WORLD PRODTNS INC CMN 495667107 45,256,250 1,300,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KNIGHT RIDDER INC CMN 499040103 4,327,913 78,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
KROGER CO. COMMON CMN 501044101 9,261,281 331,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 80,641,924
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------
(SEC USE ONLY)
-------------------------------
Item 1: Item 8:
Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
INTEL X
- --------------------------------------------------------------------
INTELECT COMMUNICATIONS X
- --------------------------------------------------------------------
INTERDIGITAL COMMUNICATION X
- --------------------------------------------------------------------
JOHNSON & JOHNSON X
- --------------------------------------------------------------------
JONES APPAREL GROUP INC X
- --------------------------------------------------------------------
JTS CORP X
- --------------------------------------------------------------------
K MART CORP X
- --------------------------------------------------------------------
KAUFMAN & BROAD 8.25% CV n/a
- --------------------------------------------------------------------
KERR MCGEE CORP X
- --------------------------------------------------------------------
KEYCORP X
- --------------------------------------------------------------------
KIMBERLY CLARK CORP X
- --------------------------------------------------------------------
KING WORLD PRODTNS INC X
- --------------------------------------------------------------------
KNIGHT RIDDER INC X
- --------------------------------------------------------------------
KROGER CO. COMMON X
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 18 of 32 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>
LAIDLAW INC 11.500% 04/15 CB 398048AH1 4,592,000 4,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH CMN 512807108 630,281 13,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LEH 55.000 STRIKE PUT 01/2 PUT 524908100 259,375 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS CMN 524908100 1,037,488 16,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LIMITED INC CMN 532716107 2,277,825 50,200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LIZ CLAIBORNE INC CMN 539320101 237,250 6,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 PUT G56462107 268,750 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/ PUT G56462107 628,125 1,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% CV PFD G56462149 66,811,601 1,323,002 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% PFD 543885404 631,250 12,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LSI 30.000 STRIKE PUT 01/2 PUT 502161102 687,500 2,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LSI 40.000 STRIKE PUT 01/2 PUT 502161102 418,750 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP. CMN 502161102 1,351,463 29,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC CMN 559222401 385,900 6,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 80,217,557
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------
(SEC USE ONLY)
-------------------------------
Item 1: Item 8:
Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- --------------------------------------------------------------------
<S> <C> <C> <C>
LAIDLAW INC 11.500% 04/15 n/a
- --------------------------------------------------------------------
LAM RESEARCH X
- --------------------------------------------------------------------
LEH 55.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS X
- --------------------------------------------------------------------
LIMITED INC X
- --------------------------------------------------------------------
LIZ CLAIBORNE INC X
- --------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/ n/a
- --------------------------------------------------------------------
LORAL SPACE & COMM 6% CV n/a
- --------------------------------------------------------------------
LORAL SPACE & COMM. 6% n/a
- --------------------------------------------------------------------
LSI 30.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
LSI 40.000 STRIKE PUT 01/2 n/a
- --------------------------------------------------------------------
LSI LOGIC CORP. X
- --------------------------------------------------------------------
MAGNA INTERNATIONAL INC X
- --------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 19 of 32 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>
MAIL-WELL, INC. 5% CB CB 560321AD3 4,927,625 4,578 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MANPOWER, INC. CMN 56418H100 565,625 25,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MARSH & MCLENNAN COS INC CMN 571748102 2,316,038 30,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MASCO CORP CMN 574599106 424,463 14,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MAXIM GROUP INC CMN 57772J104 217,188 25,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO CMN 577778103 4,778,288 116,900 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS CMN 55268N100 1,149,313 71,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MED PARTNERS 6.5% PFD 58503X206 177,375 16,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MEDE AMER CORP CMN 584067102 3,586,250 95,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% PFD 58440J401 98,514,304 1,107,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC CMN 58440J104 85,531,250 1,150,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MEDICAL MANAGER 5% CB CB 87160FAB5 18,266,313 15,065 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MEDICAL MANAGER CMN 87160FAB5 17,700,000 400,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANCORP. CMN 587342106 63,123,125 1,105,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 301,277,154
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------
(SEC USE ONLY)
--------------------------------
Item 1: Item 8:
Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
MAIL-WELL, INC. 5% CB n/a
- ----------------------------------------------------------------
MANPOWER, INC. X
- ----------------------------------------------------------------
MARSH & MCLENNAN COS INC X
- ----------------------------------------------------------------
MASCO CORP X
- ----------------------------------------------------------------
MAXIM GROUP INC X
- ----------------------------------------------------------------
MAY DEPT STORES CO X
- ----------------------------------------------------------------
MDSI MOBILE DATA SOLUTIONS X
- ----------------------------------------------------------------
MED PARTNERS 6.5% n/a
- ----------------------------------------------------------------
MEDE AMER CORP X
- ----------------------------------------------------------------
MEDIAONE GROUP 6.25% n/a
- ----------------------------------------------------------------
MEDIAONE GROUP INC X
- ----------------------------------------------------------------
MEDICAL MANAGER 5% CB n/a
- ----------------------------------------------------------------
MEDICAL MANAGER X
- ----------------------------------------------------------------
MERCANTILE BANCORP. X
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 20 of 32 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>
MEREDITH CORP CMN 589433101 367,025 10,600 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC CMN 590188108 3,967,050 49,900 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY CMN 595112103 6,589,350 162,700 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT CMN 594918104 4,698,769 52,100 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO CMN 604059105 11,597,463 133,400 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MMGRD 100.00 STRIKE PUT 09 PUT 87160FAB5 648,750 200 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO INC CMN 616880100 1,671,950 11,900 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER CMN 617446448 718,375 7,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MOTOROLA CMN 620076109 947,500 10,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 CB 553477AB6 2,953,530 4,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MSFT 57.50 STRIKE PUT 01/2 PUT 594918104 300,000 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 PUT 594918104 1,050,000 2,800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 PUT 595112103 865,000 800 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MU 40.000 STRIKE PUT 01/22 PUT 595112103 362,500 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 36,737,261
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------
(SEC USE ONLY)
--------------------------------
Item 1: Item 8:
Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
MEREDITH CORP X
- ----------------------------------------------------------------
MERRILL LYNCH & CO INC X
- ----------------------------------------------------------------
MICRON TECHNOLOGY X
- ----------------------------------------------------------------
MICROSOFT X
- ----------------------------------------------------------------
MINNESOTA MNG & MFG CO X
- ----------------------------------------------------------------
MMGRD 100.00 STRIKE PUT 09 n/a
- ----------------------------------------------------------------
MORGAN J P & CO INC X
- ----------------------------------------------------------------
MORGAN STANLEY DEAN WITTER X
- ----------------------------------------------------------------
MOTOROLA X
- ----------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 n/a
- ----------------------------------------------------------------
MSFT 57.50 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
MU 40.000 STRIKE PUT 01/20 n/a
- ----------------------------------------------------------------
MU 40.000 STRIKE PUT 01/22 n/a
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 21 of 32 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>
MU 50.000 STRIKE PUT 01/20 PUT 595112103 1,693,750 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MU 50.000 STRIKE PUT 01/22 PUT 595112103 339,063 250 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MU 60.000 STRIKE PUT 01/20 PUT 595112103 2,431,250 1,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MWD 80.000 STRIKE PUT 01/2 PUT 617446448 250,000 250 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
MYSOFTWARE CO CMN 628633109 386,328 25,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HOLDINGS CMN 62952P102 489,063 25,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES CMN 629568106 738,563 30,300 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NCL: 6% CONV REDEEMABLE CB 4926931 46,600,000 40,000 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% CB 628874AC3 263,512 585 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ PUT 640938AB2 1,256,250 750 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ PUT 640938AB2 6,375,000 2,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ PUT 640938AB2 455,625 150 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ PUT 640938AB2 1,531,250 500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
NETBANK 4.75% CB DUE 6/01/ CB 64107JAA4 4,305,000 3,500 X n/a
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 67,114,652
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------
(SEC USE ONLY)
--------------------------------
Item 1: Item 8:
Voting Authority (Shares)
--------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ----------------------------------------------------------------
<S> <C> <C> <C>
MU 50.000 STRIKE PUT 01/20 n/a
- ----------------------------------------------------------------
MU 50.000 STRIKE PUT 01/22 n/a
- ----------------------------------------------------------------
MU 60.000 STRIKE PUT 01/20 n/a
- ----------------------------------------------------------------
MWD 80.000 STRIKE PUT 01/2 n/a
- ----------------------------------------------------------------
MYSOFTWARE CO X
- ----------------------------------------------------------------
NABISCO GROUP HOLDINGS X
- ----------------------------------------------------------------
NABORS INDUSTRIES X
- ----------------------------------------------------------------
NCL: 6% CONV REDEEMABLE n/a
- ----------------------------------------------------------------
NCS HEALTHCARE 5.75% 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
- ----------------------------------------------------------------
NETBANK 4.75% CB DUE 6/01/ n/a
- ----------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 22 of 32 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>
NETWORK ASSOC. 0% OID CB 640938AB2 4,054,880 13,870 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NEXSTAR PHARMACEUTICALS CMN 65333D106 9,227,075 462,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NEXTEL 4.75% 144A CB 65332Y107 292,800 240 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC CB 65332Y107 1,055,250 25,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS CMN 65332V103 1,611,019 32,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NOBLE AFFILIATES CMN 654894104 270,600 9,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING CMN 655042109 1,702,969 86,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NOKIA CORP. CMN 654902204 457,813 5,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC CMN 655664100 549,400 16,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS CORP CMN 656569100 1,180,650 13,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHROP GRUMMAN CORP CMN 666807102 4,648,506 70,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NTL INCORPORATED 7% CB CB 629407AK3 984,550 625 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NTL INCORPORATED 7% CB CB 629407AL1 1,850,625 1,175 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP CMN 670346105 1,698,263 35,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 29,584,399
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
NETWORK ASSOC. 0% OID n/a
- ------------------------------------------------------------------
NEXSTAR PHARMACEUTICALS X
- ------------------------------------------------------------------
NEXTEL 4.75% 144A n/a
- ------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC n/a
- ------------------------------------------------------------------
NEXTEL COMMUNICATIONS X
- ------------------------------------------------------------------
NOBLE AFFILIATES X
- ------------------------------------------------------------------
NOBLE DRILLING X
- ------------------------------------------------------------------
NOKIA CORP. X
- ------------------------------------------------------------------
NORDSTROM INC X
- ------------------------------------------------------------------
NORTEL NETWORKS CORP X
- ------------------------------------------------------------------
NORTHROP GRUMMAN CORP X
- ------------------------------------------------------------------
NTL INCORPORATED 7% CB n/a
- ------------------------------------------------------------------
NTL INCORPORATED 7% CB n/a
- ------------------------------------------------------------------
NUCOR CORP X
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 23 of 32 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>
ONE 55.000 STRIKE PUT 01/ PUT 670346105 356,250 1,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 CB 682180AA2 518,760 524 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
ORB 40.000 STRIKE PUT 09/1 PUT 685564AC0 526,000 320 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 CB 685564AC0 4,278,476 3,945 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
OUTDOOR SYS INC CMN 690057104 54,750,000 1,500,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PACCAR INC CMN 693718108 352,275 6,600 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PACIFICORP CMN 695114108 4,777,500 260,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC CMN 708160106 344,794 7,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PHILIPS ELECTRONICS 8.250% CB 918270AB5 4,724,253 4,643 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PHOTRONICS INC CMN 719405102 301,350 12,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PIONEER HI BRED INTL INC CMN 723686101 15,575,000 400,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PITNEY BOWES INC CMN 724479100 6,161,575 95,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PITTSTON BRINK'S GROUP CMN 725701106 294,250 11,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PLD TELEKOM INC 9% CB CB 71623PAC6 802,500 1,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 93,762,982
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
ONE 55.000 STRIKE PUT 01/ n/a
- ------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 n/a
- ------------------------------------------------------------------
ORB 40.000 STRIKE PUT 09/1 n/a
- ------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 n/a
- ------------------------------------------------------------------
OUTDOOR SYS INC X
- ------------------------------------------------------------------
PACCAR INC X
- ------------------------------------------------------------------
PACIFICORP X
- ------------------------------------------------------------------
PENNEY J C INC X
- ------------------------------------------------------------------
PHILIPS ELECTRONICS 8.250% n/a
- ------------------------------------------------------------------
PHOTRONICS INC X
- ------------------------------------------------------------------
PIONEER HI BRED INTL INC X
- ------------------------------------------------------------------
PITNEY BOWES INC X
- ------------------------------------------------------------------
PITTSTON BRINK'S GROUP X
- ------------------------------------------------------------------
PLD TELEKOM INC 9% CB n/a
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 24 of 32 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>
PNC BK CORP CMN 693475105 8,926,113 154,900 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
POGO PRODUCING CO 6.5% PFD 73044P208 13,572,563 268,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PPG INDS INC CMN 693506107 4,400,156 74,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/2000 PFD 740540307 340,000 5,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PREMIERE TECH 5.75 REG CB CMN 74058FAC6 1,462,234 2,042 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO CMN 742718109 10,647,525 119,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO CMN 743315103 2,247,500 15,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PROTECTIVE LIFE CORP CMN 743674103 445,400 13,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
PSINET 6.75% CONV PREF PFD 74437C309 906,904 20,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
QUALCOMM 5.75% PREF PFD 74752R402 118,086,763 584,349 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
QUANTUM CMN 747906103 603,125 25,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
QWEST COMM TRENDS 5.75% PFD 74912L105 3,284,774 57,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
RADIAN GROUP INC CMN 750236101 1,366,750 28,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
RAYCHEM CORP CMN 754603108 71,239,800 1,925,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 237,529,607
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
PNC BK CORP X
- ------------------------------------------------------------------
POGO PRODUCING CO 6.5% n/a
- ------------------------------------------------------------------
PPG INDS INC X
- ------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/2000 n/a
- ------------------------------------------------------------------
PREMIERE TECH 5.75 REG CB X
- ------------------------------------------------------------------
PROCTER & GAMBLE CO X
- ------------------------------------------------------------------
PROGRESSIVE CORP-OHIO X
- ------------------------------------------------------------------
PROTECTIVE LIFE CORP X
- ------------------------------------------------------------------
PSINET 6.75% CONV PREF n/a
- ------------------------------------------------------------------
QUALCOMM 5.75% PREF n/a
- ------------------------------------------------------------------
QUANTUM X
- ------------------------------------------------------------------
QWEST COMM TRENDS 5.75% n/a
- ------------------------------------------------------------------
RADIAN GROUP INC X
- ------------------------------------------------------------------
RAYCHEM CORP X
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 25 of 32 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 Maket 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>
READERS DIGEST $1.9336 SER CB 755271202 3,037,428 83,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB CB 760943AC4 32,096,017 25,011 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
REYNOLDS R J TOB HLDGS CMN 76182K105 264,541 8,332 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ROBERT HALF INTL INC CMN 770323103 1,969,494 76,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC CMN 779382100 613,200 33,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL CARIBBEAN CRUISES CMN V7780T103 306,250 7,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETRO NY SHS CMN 780257804 11,760,800 195,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL GROUP TECH LTD 6.875 CMN 233188200 5,136,619 191,130 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
RUSSELL CORP CMN 782352108 282,750 14,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SABRATEK 6% CB CB 78571UAA6 1,779,808 2,660 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB 786449AD0 554,661 540 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SALOMON (CINC BELL) 6.25% CB 79549B867 6,055,000 80,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SANM 55.000 STRIKE PUT 10/ PUT 800907AA5 329,375 1,550 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SANM 60.000 STRIKE PUT 10/ PUT 800907AA5 343,750 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 64,529,692
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 1: Item 8:
Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
READERS DIGEST $1.9336 SER n/a
- ------------------------------------------------------------------
RES-CARE INC. 6% REG CB n/a
- ------------------------------------------------------------------
REYNOLDS R J TOB HLDGS X
- ------------------------------------------------------------------
ROBERT HALF INTL INC X
- ------------------------------------------------------------------
ROWAN COS INC X
- ------------------------------------------------------------------
ROYAL CARIBBEAN CRUISES X
- ------------------------------------------------------------------
ROYAL DUTCH PETRO NY SHS X
- ------------------------------------------------------------------
ROYAL GROUP TECH LTD 6.875 X
- ------------------------------------------------------------------
RUSSELL CORP X
- ------------------------------------------------------------------
SABRATEK 6% CB n/a
- ------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% n/a
- ------------------------------------------------------------------
SALOMON (CINC BELL) 6.25% n/a
- ------------------------------------------------------------------
SANM 55.000 STRIKE PUT 10/ n/a
- ------------------------------------------------------------------
SANM 60.000 STRIKE PUT 10/ n/a
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 26 of 32 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 Maket 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>
SANM 65.000 STRIKE PUT 10/ PUT 800907AA5 481,250 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SANM 70.000 STRIKE PUT 01/ PUT 800907AA5 456,250 500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SANMINA 4.25% CB DUE 5/1/2 CB 800907AA5 3,459,324 3,150 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP CMN 806605101 8,184,750 155,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SDL INC CMN 784076101 612,750 12,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SEAGRAM COMPANY 7.5% PFD 811850205 6,754,050 135,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP 4% PREF PFD 81211K209 21,778,356 349,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO CMN 812387108 3,092,638 69,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SEG 30.000 STRIKE CALL 01/ CALL 811804103 328,300 938 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SEPRACOR INC 7% CB CB 817315AF1 1,953,450 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SILICON GRAPHICS 5.25% CB CB 827056AC6 3,478,881 4,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SKYTEL COMMUNICATIONS CMN 83087Q104 31,531,875 1,506,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SLR 45.000 STRIKE PUT 01/2 PUT 834182107 206,250 600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH INTERNATIONAL CMN 832110100 360,531 8,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 82,678,656
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 1: Item 8:
Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
SANM 65.000 STRIKE PUT 10/ n/a
- ------------------------------------------------------------------
SANM 70.000 STRIKE PUT 01/ n/a
- ------------------------------------------------------------------
SANMINA 4.25% CB DUE 5/1/2 n/a
- ------------------------------------------------------------------
SCHERING PLOUGH CORP X
- ------------------------------------------------------------------
SDL INC X
- ------------------------------------------------------------------
SEAGRAM COMPANY 7.5% n/a
- ------------------------------------------------------------------
SEALED AIR CORP 4% PREF n/a
- ------------------------------------------------------------------
SEARS ROEBUCK & CO X
- ------------------------------------------------------------------
SEG 30.000 STRIKE CALL 01/ n/a
- ------------------------------------------------------------------
SEPRACOR INC 7% CB n/a
- ------------------------------------------------------------------
SILICON GRAPHICS 5.25% CB n/a
- ------------------------------------------------------------------
SKYTEL COMMUNICATIONS X
- ------------------------------------------------------------------
SLR 45.000 STRIKE PUT 01/2 n/a
- ------------------------------------------------------------------
SMITH INTERNATIONAL X
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 27 of 32 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 Maket 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>
SYNDER STRYPES 6.5% PFD 833502107 9,732,050 329,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP CMN 834182107 7,635,719 114,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SOTHEBY'S HOLDINGS -CL A CMN 835898107 2,306,563 60,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLINES CMN 844741108 2,894,625 93,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SPORTSLINE USA INC 5% CB 848934AA3 345,616 470 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM SR CB 85207FAB4 1,800,000 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
ST PAUL BANCORP INC CMN 792848103 15,300,000 600,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS 0% CB CB 861012AA0 67,041,006 52,270 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE PFD 86507G408 5,250,316 136,875 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP (NEW) CMN 866005101 1,220,925 29,200 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT TECHNOLOGY INC CMN 8.6627E+105 1,320,000 60,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUN HEALTHCARE GROUP 7% PFD 866749203 36,439 104,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC CMN 866810104 1,835,106 26,644 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SUNRISE ASSISTED LIVING 5. CB 86768KAC0 17,042,606 15,434 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 133,760,970
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 1: Item 8:
Voting Authority (Shares)
------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
SYNDER STRYPES 6.5% n/a
- ------------------------------------------------------------------
SOLECTRON CORP X
- ------------------------------------------------------------------
SOTHEBY'S HOLDINGS -CL A X
- ------------------------------------------------------------------
SOUTHWEST AIRLINES X
- ------------------------------------------------------------------
SPORTSLINE USA INC 5% n/a
- ------------------------------------------------------------------
SPRINT SPECTRUM $500MM SR n/a
- ------------------------------------------------------------------
ST PAUL BANCORP INC X
- ------------------------------------------------------------------
STMICROELECTRONICS 0% CB n/a
- ------------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE n/a
- ------------------------------------------------------------------
SUMMIT BANCORP (NEW) X
- ------------------------------------------------------------------
SUMMIT TECHNOLOGY INC X
- ------------------------------------------------------------------
SUN HEALTHCARE GROUP 7% n/a
- ------------------------------------------------------------------
SUN MICROSYSTEMS INC X
- ------------------------------------------------------------------
SUNRISE ASSISTED LIVING 5. n/a
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 28 of 32 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>
SUNW 70.000 STRIKE PUT 01/ PUT 866810104 1,000,000 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP CMN 871829107 906,300 30,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% CB 871873AB1 1,412,240 1,688 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TANDY CORP CMN 875382103 1,598,213 32,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TCA CABLE TV INC CMN 872241104 15,362,400 276,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TECH DATA CORP CMN 878237106 663,638 17,350 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% CB 878732AD8 4,993,405 7,124 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS (TCI P CMN 872294202 52,050,000 150,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TELEFLEX INC CMN 879369106 317,094 7,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC CMN 879868107 4,433,175 64,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC CMN 880770102 5,079,900 70,800 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS INDUSTRIES INC CMN 882491103 306,125 7,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS CMN 882508104 1,713,600 11,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC CMN 883203101 5,432,625 66,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 95,268,714
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
SUNW 70.000 STRIKE PUT 01/ n/a
- -----------------------------------------------------------
SYSCO CORP X
- -----------------------------------------------------------
SYSTEM & COMPUTER TECH 5% n/a
- -----------------------------------------------------------
TANDY CORP X
- -----------------------------------------------------------
TCA CABLE TV INC X
- -----------------------------------------------------------
TECH DATA CORP X
- -----------------------------------------------------------
TECNOMATIX TECH 5.25% n/a
- -----------------------------------------------------------
TELE-COMMUNICATIONS (TCI P X
- -----------------------------------------------------------
TELEFLEX INC X
- -----------------------------------------------------------
TEMPLE INLAND INC X
- -----------------------------------------------------------
TERADYNE INC X
- -----------------------------------------------------------
TEXAS INDUSTRIES INC X
- -----------------------------------------------------------
TEXAS INSTRUMENTS X
- -----------------------------------------------------------
TEXTRON INC X
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 29 of 32 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>
THERMEDICS INC 2.875% CB 883901100 2,207,520 2,628 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CB 88355KAA9 2,041,679 2,385 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYSTEMS CMN 88355K200 724,275 66,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB 88355WAA3 1,691,667 2,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB U8835NAA8 2,578,800 3,070 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO INSTRUMENT SYSTEMS CB 883559106 972,625 775 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TIDEWATER CMN 886423102 1,015,650 33,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TIMBERLAND CO -CL A CMN 887100105 496,856 7,300 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TITANIUM METALS 6.625% PFD 887381408 2,129,586 82,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP CMN 891027104 440,213 12,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE 5% CB CB 891707AE1 6,715,259 6,041 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC CMN 892335100 1,253,663 60,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRANSAMERICA CORP CMN 89346D107 80,812,500 1,077,500 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL PFD 896047305 31,305,188 251,700 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 134,385,480
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
THERMEDICS INC 2.875% n/a
- -----------------------------------------------------------
THERMO CARDIOSYS 4.75% n/a
- -----------------------------------------------------------
THERMO CARDIOSYSTEMS X
- -----------------------------------------------------------
THERMO FIBERTEK 4.5% CB n/a
- -----------------------------------------------------------
THERMO FIBERTEK 4.5% n/a
- -----------------------------------------------------------
THERMO INSTRUMENT SYSTEMS n/a
- -----------------------------------------------------------
TIDEWATER X
- -----------------------------------------------------------
TIMBERLAND CO -CL A X
- -----------------------------------------------------------
TITANIUM METALS 6.625% n/a
- -----------------------------------------------------------
TORCHMARK CORP X
- -----------------------------------------------------------
TOWER AUTOMOTIVE 5% CB n/a
- -----------------------------------------------------------
TOYS R US INC X
- -----------------------------------------------------------
TRANSAMERICA CORP X
- -----------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL n/a
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 30 of 32 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>
TRIBUNE 6.25% EXCHG. NOTES PFD 896047206 6,675,944 235,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE CO CMN 896047107 1,054,213 12,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRITON ENERGY NEW YORK CMN G90751101 160,438 15,100 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRUE NORTH COMMUNICATIONS CMN 897844106 743,750 25,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 CB 895927AB7 8,668,095 34,250 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
TXN 40.000 STRIKE PUT 01/2 PUT 882508104 481,250 1,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS TRUST I 6.5 PFD 91136H207 947,054 20,900 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS TRUST I 6.5 PFD 91136H306 6,026,470 133,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
UNUMPROVIDENT CORP CMN 91529Y106 1,992,900 36,400 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
US RESTAURANT PROPERTIES CMN 902971100 212,500 10,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
US SATELLITE BROADCAST CMN 812534104 14,749,080 828,600 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
US WEST INC CMN 91273H101 17,625,000 300,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
USINTERNETWORKING INC CMN 917311805 1,260,000 30,000 X n/a
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 60,596,693
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------
(SEC USE ONLY)
- -----------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- -----------------------------------------------------------
<S> <C> <C> <C>
TRIBUNE 6.25% EXCHG. NOTES n/a
- -----------------------------------------------------------
TRIBUNE CO X
- -----------------------------------------------------------
TRITON ENERGY NEW YORK X
- -----------------------------------------------------------
TRUE NORTH COMMUNICATIONS X
- -----------------------------------------------------------
TRY 0% DEB DUE 2/9/18 n/a
- -----------------------------------------------------------
TXN 40.000 STRIKE PUT 01/2 n/a
- -----------------------------------------------------------
UNITED RENTALS TRUST I 6.5 n/a
- -----------------------------------------------------------
UNITED RENTALS TRUST I 6.5 n/a
- -----------------------------------------------------------
UNUMPROVIDENT CORP X
- -----------------------------------------------------------
US RESTAURANT PROPERTIES X
- -----------------------------------------------------------
US SATELLITE BROADCAST X
- -----------------------------------------------------------
US WEST INC X
- -----------------------------------------------------------
USINTERNETWORKING INC X
- -----------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 31 of 32 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>
USX CORP 6.75% CV PFD PFD 902905793 1,526,658 103,925 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
VANTIVE CORP. 4.75% CB CB 922091AC7 3,737,455 4,992 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
VARCO INTERNATIONAL CMN 922126107 142,725 13,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
VARIAN SEMICONDCTR EQUIP CMN 922207105 552,500 32,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
VASTAR RESOURCES INC CMN 922380100 1,001,556 19,100 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WALGREEN CO CMN 931422109 4,788,125 163,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WARNACO GROUP INC -CL A CMN 934390105 1,746,775 65,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT INC. 4% CB 94106LAA7 10,889,777 8,293 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTL., INC CMN 947074100 560,363 15,300 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WELLPOINT 0% OID DUE 7/2/2 CB 94973HAA6 1,723,967 2,450 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN BANCORP CMN 957683105 12,058,200 277,200 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL 0% OID CB 958102AH8 3,966,593 22,950 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WESTPAC BANKING 10% DUE 11 CB 929229102 107,209,872 3,326,400 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO CMN 962166104 2,598,750 37,800 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 152,503,316
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
USX CORP 6.75% CV PFD n/a
- ------------------------------------------------------------------
VANTIVE CORP. 4.75% CB n/a
- ------------------------------------------------------------------
VARCO INTERNATIONAL X
- ------------------------------------------------------------------
VARIAN SEMICONDCTR EQUIP X
- ------------------------------------------------------------------
VASTAR RESOURCES INC X
- ------------------------------------------------------------------
WALGREEN CO X
- ------------------------------------------------------------------
WARNACO GROUP INC -CL A X
- ------------------------------------------------------------------
WASTE MANAGEMENT INC. 4% n/a
- ------------------------------------------------------------------
WEATHERFORD INTL., INC X
- ------------------------------------------------------------------
WELLPOINT 0% OID DUE 7/2/2 n/a
- ------------------------------------------------------------------
WESTERN BANCORP X
- ------------------------------------------------------------------
WESTERN DIGITAL 0% OID n/a
- ------------------------------------------------------------------
WESTPAC BANKING 10% DUE 11 n/a
- ------------------------------------------------------------------
WEYERHAEUSER CO X
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 32 of 32 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>
WIND RIVER 5% REG CB CB 973149AC1 6,022,697 6,875 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS INC CMN 975515107 9,750,000 200,000 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB CB 98141AAC5 1,007,661 1,460 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP CMN 984121103 3,041,719 51,500 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
ZILA INCORPORATED CMN 989513205 1,493,163 492,590 X n/a
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 21,315,240
- -----------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 3,315,669,706
- -----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
- ------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
----------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
- ------------------------------------------------------------------
<S> <C> <C> <C>
WIND RIVER 5% REG CB n/a
- ------------------------------------------------------------------
WINSTAR COMMUNICATIONS INC X
- ------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB n/a
- ------------------------------------------------------------------
XEROX CORP X
- ------------------------------------------------------------------
ZILA INCORPORATED X
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
- ------------------------------------------------------------------
COLUMN TOTALS
- ------------------------------------------------------------------
LONG MARKET VALUE
- ------------------------------------------------------------------
</TABLE>
