<PAGE>
THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON NOVEMBER
15, 1998 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: SEPTEMBER 30, 1998
Check here if Amendment [X]; Amendment Number: 1
This Amendment (Check only one.): [ ] is a restatement.
[X ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9TH FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND
ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
[_] Gerald A. Beeson CHICAGO, ILLINOIS 11/1/99
- --------------------------------------- ----------------- -------
[_]
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
[_]
FORM 13F SUMMARY PAGE
[_]
[_]
[_]
Report Summary:
[_]
This amendment also contains all risk arbitrage positions for which confidential
treatment was previously requested.
[_]
[_]
Number of Other Included Managers: 0
[_]
[_]
Form 13F Information Table Entry Total: 433
[_]
Form 13F Information Table Value Total: $1,731,701 (thousands)
[_]
[_]
[_]
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 1 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL - Opt (C) 037833100 1,228,125 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 25.000 STRIKE CALL - Opt (C) 037833100 280,000 200 X
- ------------------------------------------------------------------------------------------------------------------------------------
ACTION 4.75% CB - CB 004933AB3 591,712 750 X
- ------------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. - CB 577777AA3 2,796,952 1,980 X
- ------------------------------------------------------------------------------------------------------------------------------------
AEROQUIP-VICKERS INC - Cmn 7869100 552,000 19,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD - Pfd 1034305 8,257,572 194,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
AFLAC INC - Cmn 1055102 914,000 32,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AGCO CORP. - Cmn 1084102 464,100 71,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
AHMANSON (H.F.) & CO - Cmn 8677106 40,209,750 724,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC - Cmn 9158106 1,192,975 40,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALBANK FINL CORP - Cmn 12046108 9,689,350 173,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALPHA INDS - Cmn 20753109 113,750 10,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN BANKERS INS - Cmn 24456105 26,171,500 615,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN DISP SVCS INC - Cmn 025389107 39,801,913 1,022,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 132,263,699
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL - Opt (C) n/a n/a
- ---------------------------------------------------------------------------------
AAPL 25.000 STRIKE CALL - Opt (C) n/a n/a
- ---------------------------------------------------------------------------------
ACTION 4.75% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. - CB n/a n/a
- ---------------------------------------------------------------------------------
AEROQUIP-VICKERS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD - Pfd n/a n/a
- ---------------------------------------------------------------------------------
AFLAC INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AGCO CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
AHMANSON (H.F.) & CO - Cmn n/a X
- ---------------------------------------------------------------------------------
AIR PRODS & CHEMS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ALBANK FINL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ALPHA INDS - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN BANKERS INS - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN DISP SVCS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 2 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
AMERICAN GEN CORP - Cmn 26351106 1,430,800 22,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN GREETINGS CORP - Cmn 26375105 751,688 19,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN STORES - Cmn 30096101 29,718,719 923,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICREDIT CORP - Cmn 03060R101 238,875 9,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMERISOURCE HEALTH CORP - Cmn 03071P102 2,133,950 39,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMOCO CORP - Cmn 31905102 42,022,500 780,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AMR CORPORATION - Cmn 1765106 310,450 5,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
ANCOR COMMUNICATIONS - Cmn 03332K108 122,777 71,434 X
- ------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS - Cmn 35229103 5,275,800 97,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 100.00 STRIKE PUT - Opt (P) 0236J104 950,000 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 115.00 STRIKE PUT - Opt (P) 0236J104 1,325,000 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 130.00 STRIKE PUT - Opt (P) 0236J104 255,000 100 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 4% CB - CB 02364JAB0 60,223,220 26,980 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 50.000 PUT 01/2 - Opt (P) 0236J104 300,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 145,058,778 X
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
Item 1: Item 7: ----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AMERICAN GEN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN GREETINGS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN STORES - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICREDIT CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERISOURCE HEALTH CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AMOCO CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AMR CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
ANCOR COMMUNICATIONS - Cmn n/a X
- ---------------------------------------------------------------------------------
ANHEUSER BUSCH COS - Cmn n/a X
- ---------------------------------------------------------------------------------
AOL 100.00 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AOL 115.00 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AOL 130.00 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AOL 4% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
AOL 50.000 PUT 01/2 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 3 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
AOL 90.000 PUT 01/1 - Opt (P) 0236J104 890,625 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AON CORP - Cmn 37389103 1,986,600 30,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
APACHE CORP - Cmn 37411105 1,866,150 69,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLE COMPUTER INC 6.000% - CB 037833AE0 72,005,708 51,894 X
- ------------------------------------------------------------------------------------------------------------------------------------
APPLIED MICROBIOLOGY 0.000 - Pfd 987541232 2,220,000 222 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARCH COMM GROUP $467MM SR - CB 039381AB4 720,000 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARROW ELEC. - Cmn 42735100 745,500 56,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASHLAND OIL - Cmn 44204105 1,429,125 30,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASPT 25.000 PUT 03/ - Opt (P) 045237104 287,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATI 50.000 PUT 01/2 - Opt (P) 00949T100 340,625 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATI 60.000 PUT 01/2 - Opt (P) 00949T100 663,438 550 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB 048396AC9 14,482,513 5,491 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP - Cmn 49513104 563,688 62,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATML 12.500 STRIKE PUT 02/ - Opt (P) 049513104 218,750 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 98,420,221
- ------------------------------------------------------------------------------------------------------------------------------------
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
AOL 90.000 PUT 01/1 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
APACHE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
APPLE COMPUTER INC 6.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
APPLIED MICROBIOLOGY 0.000 - Pfd n/a n/a
- ---------------------------------------------------------------------------------
ARCH COMM GROUP $467MM SR - CB n/a n/a
- ---------------------------------------------------------------------------------
ARROW ELEC. - Cmn n/a X
- ---------------------------------------------------------------------------------
ASHLAND OIL - Cmn n/a X
- ---------------------------------------------------------------------------------
ASPT 25.000 PUT 03/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ATI 50.000 PUT 01/2 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ATI 60.000 PUT 01/2 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB n/a n/a
- ---------------------------------------------------------------------------------
ATMEL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ATML 12.500 STRIKE PUT 02/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 4 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
ATRIX LABS. 7% REG CB - CB 04962LAC5 458,413 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVERY DENNISON CORP - Cmn 53611109 1,266,938 29,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIR 25.000 STRIKE PUT - Opt (P) 53762100 303,750 300 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT - Opt (P) 53762100 762,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIRON - Cmn 53762100 1,100,694 71,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVNET, INC. - Cmn 53807103 780,425 21,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
AXSI 2.0000 WT 03/01/2001 - Wt 54546106 - 60,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP - Cmn 06605F102 580,864 10,857 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANKBOSTON - Cmn 06605R106 1,382,700 41,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANKERS TRUST CORP - Cmn 66365107 466,100 7,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
BARRETT RESOURCES CORP - Cmn 68480201 264,456 13,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
BB&T CORP - Cmn 54937107 287,413 9,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
BCE INC - Cmn 05534B109 530,813 19,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BEAR STEARNS COMPANIES - Cmn 73902108 390,600 12,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 8,575,666
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
ATRIX LABS. 7% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
AVERY DENNISON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AVIR 25.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AVIRON - Cmn n/a X
- ---------------------------------------------------------------------------------
AVNET, INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
AXSI 2.0000 WT 03/01/2001 - Wt n/a n/a
- ---------------------------------------------------------------------------------
BANKAMERICA CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BANKBOSTON - Cmn n/a X
- ---------------------------------------------------------------------------------
BANKERS TRUST CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BARRETT RESOURCES CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BB&T CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BCE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BEAR STEARNS COMPANIES - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 5 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
BEI TECHNOLOGIES INC - Cmn 05538P104 148,750 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BERG ELECTRS CORP - Cmn 8372406 12,039,113 347,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
BJ SERVICES CO - Cmn 55482103 1,168,375 71,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
BLACK & DECKER CORP - Cmn 91797100 1,107,225 26,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP - Cmn 97383103 885,938 35,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BOSTON SCIENTIFIC CORP - Cmn 101137107 323,663 6,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BOWATER, INC. - Cmn 102183100 1,524,750 42,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID - CB 109473AC2 765,769 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB - Cmn 110122108 3,251,288 31,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BROWNING-FERRIS - Cmn 115885105 704,825 23,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CABLE & WIRELESS COMM. - Cmn 12682P104 662,500 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW - Cmn 135923100 502,706 24,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB - CB 141706AC5 11,489,344 12,015 X
- ------------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP - Cmn 147619100 36,630 2,344,306 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 34,610,873
- ------------------------------------------------------------------------------------------------------------------------------------
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
Name of Issuer ----------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
BEI TECHNOLOGIES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BERG ELECTRS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BJ SERVICES CO - Cmn n/a X
- ---------------------------------------------------------------------------------
BLACK & DECKER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BOISE CASCADE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BOSTON SCIENTIFIC CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BOWATER, INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
BRIGHTPOINT 0% OID - CB n/a n/a
- ---------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB - Cmn n/a X
- ---------------------------------------------------------------------------------
BROWNING-FERRIS - Cmn n/a X
- ---------------------------------------------------------------------------------
CABLE & WIRELESS COMM. - Cmn n/a X
- ---------------------------------------------------------------------------------
CANADIAN PAC LTD NEW - Cmn n/a X
- ---------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CASMYN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 6 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: ---------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
CCMC 30.000 PUT 11/ - Opt (P) 20589T103 1,106,250 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CCU 45.000 PUT 01/2 - Opt (P) 184502102 271,875 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CELL 17.500 PUT 12/ - Opt (P) 109473108 695,625 700 X
- ------------------------------------------------------------------------------------------------------------------------------------
CELLSTAR CORP. 5% CB - CB 150925AC9 1,493,285 2,957 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP - Cmn 151313103 3,225,135 277,431 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENTEX CORP - Cmn 152312104 569,250 16,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB 153527AC0 5,922,477 6,530 X
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURY TELEPHONE - Cmn 156686107 217,350 4,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHAMPION INT'L - Cmn 158525105 3,137,513 100,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN BANK - Cmn 16161A108 1,970,813 45,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% - CB 170268AC0 403,920 459 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHRYSLER CORP - Cmn 171196108 62,668,375 1,309,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP. - Cmn 171232101 2,923,200 46,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CIBER, INC. PERC DUE 2/1/0 - Pfd 590188645 2,212,500 50,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 86,817,567
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
Name of Issuer Managers ----------------------------
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------
CCMC 30.000 PUT 11/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CCU 45.000 PUT 01/2 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CELL 17.500 PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CELLSTAR CORP. 5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CENDANT CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CENTEX CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CENTURY TELEPHONE - Cmn n/a X
- ---------------------------------------------------------------------------------
CHAMPION INT'L - Cmn n/a X
- ---------------------------------------------------------------------------------
CHASE MANHATTAN BANK - Cmn n/a X
- ---------------------------------------------------------------------------------
CHOCK FULL O'NUTS 7.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
CHRYSLER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CHUBB CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
CIBER, INC. PERC DUE 2/1/0 - Pfd n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 7 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CIRCUS CIRCUS ENTERPR - Cmn 172909103 193,800 20,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC INC - Cmn 172755100 511,800 85,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB - CB 172755AC4 789,125 1,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC. - Cmn 172967101 1,953,750 52,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CKE RESTAURANTS 4.25% CB - CB 12561EAB1 18,595,904 21,593 X
- ------------------------------------------------------------------------------------------------------------------------------------
CLEAR CHANNEL COMM - Cmn 184502102 289,750 6,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CLOROX CO - Cmn 189054109 1,584,000 19,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CLST 17.5 STRIKE PUT - Opt (P) 150925105 2,625,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn 125896100 239,594 5,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CMVT 40.000 STRIKE PUT - Opt (P) 205862402 262,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CNF TRANSPORTATION - Cmn 12612W104 1,217,425 41,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
COCA COLA ENTERPRISES - Cmn 191219104 656,500 26,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMBIA HCA HEALTHCARE - Cmn 197677107 882,750 44,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC - Cmn 200340107 1,715,631 31,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,517,529
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
Item 1: Item 7: ----------------------------
Name of Issuer
Managers (a) Sole (b) Shared (c) None
See Instr. V
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
CIRCUS CIRCUS ENTERPR - Cmn n/a X
- ---------------------------------------------------------------------------------
CIRRUS LOGIC INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CITIGROUP INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
CKE RESTAURANTS 4.25% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CLEAR CHANNEL COMM - Cmn n/a X
- ---------------------------------------------------------------------------------
CLOROX CO - Cmn n/a X
- ---------------------------------------------------------------------------------
CLST 17.5 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CMVT 40.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CNF TRANSPORTATION - Cmn n/a X
- ---------------------------------------------------------------------------------
COCA COLA ENTERPRISES - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMBIA HCA HEALTHCARE - Cmn n/a X
- ---------------------------------------------------------------------------------
COMERICA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 8 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
COMPTRONIX 6.000% PFD - Pfd 20476C205 - 44,544 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER SCIENCES CORP - Cmn 205363104 1,258,950 23,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONAGRA INC - Cmn 205887102 1,869,463 69,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB 20589TAA1 1,446,283 1,950 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. - Cmn 208464107 4,226,794 138,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP - Cmn 210149100 1,416,925 72,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONV COMM $160MM SR NOTE - CB 211914AA4 1,600,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB 225302AC2 2,661,659 3,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% - Pfd 225756204 2,390,963 135,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CRESTAR FINANCIAL CORP - Cmn 226091106 19,868,175 350,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CROMPTON & KNOWLES CORP - Cmn 227111101 189,313 13,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CROWN CORK & SEAL INC - Cmn 228255105 2,969,250 111,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT - Opt (P) 172755100 912,500 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB 126545AD4 20,225,737 23,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 61,036,010
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
COMPTRONIX 6.000% PFD - Pfd n/a n/a
- ---------------------------------------------------------------------------------
COMPUTER SCIENCES CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CONAGRA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CONSECO INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
CONSOLIDATED STORES CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CONV COMM $160MM SR NOTE - CB n/a n/a
- ---------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
CRESTAR FINANCIAL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CROMPTON & KNOWLES CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CROWN CORK & SEAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 9 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
CUMMINS ENGINE - Cmn 231021106 1,118,600 37,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
CVS CORP 6% - Pfd 126645209 7,367,600 90,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CYGNUS 4% SR SUB NOTE - CB 232560AB8 14,025,000 17,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
DAI/ADR 110.00 STRIKE PUT - Opt (P) 233829308 1,015,000 350 X
- ------------------------------------------------------------------------------------------------------------------------------------
DALLAS SEMICONDUCTOR - Cmn 235204104 437,400 16,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
DANA CORP - Cmn 235811106 999,975 26,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
DANAHER CORP - Cmn 235851102 324,000 10,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
DAYTON HUDSON - Cmn 239753106 1,594,450 44,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
DECORA INDS $112.75MM SR - CB 243593AA8 3,600,000 4,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
DEERE & COMPANY - Cmn 244199105 1,766,600 58,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
DILLARD DEPT STORES - Cmn 254067101 314,269 11,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
DISC ZONE $20MM SR SEC - CB 25468BAK3 451,250 475 X
- ------------------------------------------------------------------------------------------------------------------------------------
DISC ZONE $85MM SR SECD - CB 25468BAF4 700,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO - Cmn 254687106 1,512,350 59,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 35,226,494
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- -------------------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
----------------------------
Item 1: Item 7:
Name of Issuer Managers (a) Sole (b) Shared (c) None
See Instr. V
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
- -------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL - Opt (C) n/a X
- -------------------------------------------------------------------------------------------
AAPL 25.000 STRIKE CALL - Opt (C) n/a n/a
- -------------------------------------------------------------------------------------------
ACTION 4.75% CB - CB n/a n/a
- -------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. - CB n/a n/a
- -------------------------------------------------------------------------------------------
AEROQUIP-VICKERS INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD - Pfd n/a X
- -------------------------------------------------------------------------------------------
AFLAC INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
AGCO CORP. - Cmn n/a X
- -------------------------------------------------------------------------------------------
AHMANSON (H.F.) & CO - Cmn n/a n/a
- -------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
ALBANK FINL CORP - Cmn n/a X
- -------------------------------------------------------------------------------------------
ALPHA INDS - Cmn n/a n/a
- -------------------------------------------------------------------------------------------
AMERICAN BANKERS INS - Cmn n/a n/a
- -------------------------------------------------------------------------------------------
AMERICAN DISP SVCS INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 10 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
DONNELLEY R R & SONS CO - Cmn 257867101 1,136,556 32,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC - Cmn 260561105 548,700 11,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
DU PONT DE NEMOURS & CO. - Cm 263534109 461,250 8,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
DUKE POWER COMPANY - Cmn 264399106 5,513,419 83,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% - CB 26632SAA7 9,105,780 12,916 X
- ------------------------------------------------------------------------------------------------------------------------------------
EASTN ENVIRONMENT SVC - Cmn 276369105 29,342,500 970,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
EDISON INTL - Cmn 281020107 1,682,531 65,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
EINSTEIN BAGEL 7.25% - CB 282577AC9 500,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS - Cm 285661104 557,550 16,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
ELECTRONICS FOR IMAGING - Cm 286082102 338,000 16,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
EMERGING MEXICO FUND INC - Cm 290891100 2,738,438 635,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ENGELHARD CORP - Cmn 292845104 201,638 11,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
ENSCO INTL INC - Cmn 26874Q100 1,538,813 141,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP NEW - Cmn 29364G103 1,534,425 49,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 55,199,599
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
DONNELLEY R R & SONS CO - Cmn n/a X
- ---------------------------------------------------------------------------------
DOW JONES & CO INC - Cmn n/a X
- ---------------------------------------------------------------------------------
DU PONT DE NEMOURS & CO. - Cm n/a X
- ---------------------------------------------------------------------------------
DUKE POWER COMPANY - Cmn n/a X
- ---------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% - CB n/a n/a
- ---------------------------------------------------------------------------------
EASTN ENVIRONMENT SVC - Cmn n/a X
- ---------------------------------------------------------------------------------
EDISON INTL - Cmn n/a X
- ---------------------------------------------------------------------------------
EINSTEIN BAGEL 7.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS - Cm n/a X
- ---------------------------------------------------------------------------------
ELECTRONICS FOR IMAGING - Cm n/a X
- ---------------------------------------------------------------------------------
EMERGING MEXICO FUND INC - Cm n/a X
- ---------------------------------------------------------------------------------
ENGELHARD CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ENSCO INTL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ENTERGY CORP NEW - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 11 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
EQUITABLE COS - Cmn 29444G107 868,875 21,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
EQUITY CORP INTL - Cmn 294644109 14,924,250 663,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
ESC MEDICAL SYS. 6% CB - CB 269025AB8 5,595,591 10,675 X
- ------------------------------------------------------------------------------------------------------------------------------------
ESCMF 30.000 STR PUT 01 - Opt (P) IL0008990587 1,380,000 600 X
- ------------------------------------------------------------------------------------------------------------------------------------
ESCMF 30.000 STR PUT 10 - Opt (P) IL0008990587 2,300,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
EXCEL COMMUNICATIONS INC - Cmn 30065K104 11,867,944 524,550 X
- ------------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP - Cmn 302051107 795,800 69,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
EXXON CORP - Cmn 302290101 3,100,438 43,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
FASTENAL CO - Cmn 311900104 413,000 16,520 X
- ------------------------------------------------------------------------------------------------------------------------------------
FD 40.000 STR PUT 01/16 - Opt (P) 31410H101 278,125 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
FDX CORPORATION - Cmn 31304N107 717,000 16,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERAL MOGUL - Cmn 313549107 528,275 11,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn 31410H101 391,031 10,750 X
- ------------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% CB 31410HAF8 486,000 450 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,646,328
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
EQUITABLE COS - Cmn n/a X
- ---------------------------------------------------------------------------------
EQUITY CORP INTL - Cmn n/a X
- ---------------------------------------------------------------------------------
ESC MEDICAL SYS. 6% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
ESCMF 30.000 STR PUT 01 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ESCMF 30.000 STR PUT 10 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
EXCEL COMMUNICATIONS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
EXIDE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
EXXON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FASTENAL CO - Cmn n/a X
- ---------------------------------------------------------------------------------
FD 40.000 STR PUT 01/16 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
FDX CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
FEDERAL MOGUL - Cmn n/a X
- ---------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn n/a X
- ---------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% CB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 12 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
FIRST AMERICAN CORP/TN - Cmn 318900107 848,088 22,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST CHICAGO NBD CORP - Cmn 31945A100 44,155,100 644,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP. - Cmn 319963104 587,500 25,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP - Cmn 336294103 207,700 12,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP - Cmn 337358105 1,648,238 32,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP - Cmn 33761C103 58,881,938 1,163,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
FLEET FINL GROUP INC - Cmn 338915101 594,844 8,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA PROGRESS CORP - Cmn 341109106 727,650 16,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
FMC CORP - Cmn 302491303 876,563 17,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FOREST LABORATORIES -CL A - Cmn 345838106 550,000 16,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FOUNDATION HEALTH SYSTMS - Cmn 350404109 405,000 43,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC - Cmn 302571104 1,853,688 26,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
GANNETT INC - Cmn 364730101 2,769,181 51,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
GAP INC - Cmn 364760108 775,425 14,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 114,880,913
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
FIRST AMERICAN CORP/TN - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST CHICAGO NBD CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST DATA CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST SECURITY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST UNION CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRSTAR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FLEET FINL GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
FLORIDA PROGRESS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FMC CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FOREST LABORATORIES -CL A - Cmn n/a X
- ---------------------------------------------------------------------------------
FOUNDATION HEALTH SYSTMS - Cmn n/a X
- ---------------------------------------------------------------------------------
FPL GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GANNETT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GAP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 13 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
GATX CORPORATION - Cmn 361448103 558,756 16,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS - Cmn 370442105 1,750,513 31,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL RE CORP - Cmn 370563108 28,988,400 142,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
GENERAL SIGNAL CORP - Cmn 370838104 20,141,906 593,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO - Cmn 372460105 1,076,238 35,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
GETCHELL GOLD CORP - Cmn 374265106 337,000 16,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC - Cmn 374276103 2,045,038 117,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC - Cmn 384802104 320,150 7,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
GRAND UNION CO - Cmn 386532402 2,161,558 262,007 X
- -----------------------------------------------------------------------------------------------------------------------------------
GTE CORP - Cmn 362320103 3,591,500 65,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO - Cmn 406216101 1,581,250 55,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB 805897AA3 1,201,155 1,344 X
- -----------------------------------------------------------------------------------------------------------------------------------
HARLEY-DAVIDSON INC - Cmn 412822108 213,300 7,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
HARNISCHFEGER INDUS - Cmn 413345109 514,125 45,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 64,480,887
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GATX CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
GENERAL MOTORS - Cmn n/a X
- ---------------------------------------------------------------------------------
GENERAL RE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GENERAL SIGNAL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GENUINE PARTS CO - Cmn n/a X
- ---------------------------------------------------------------------------------
GETCHELL GOLD CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GETTY IMAGES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GRAINGER W W INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GRAND UNION CO - Cmn n/a X
- ---------------------------------------------------------------------------------
GTE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
HALLIBURTON CO - Cmn n/a X
- ---------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB n/a n/a
- ---------------------------------------------------------------------------------
HARLEY-DAVIDSON INC - Cmn n/a X
- ---------------------------------------------------------------------------------
HARNISCHFEGER INDUS - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 14 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
HARRIS CORP DEL - Cmn 413875105 1,760,000 55,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP 3.25% CB - CB 421924AF8 7,046,647 9,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP - Cmn 421924101 817,950 77,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
HEARX LTD - Cmn 422360107 81,908 100,810 X
- ------------------------------------------------------------------------------------------------------------------------------------
HEINZ (H.J.) CO. - Cmn 423074103 2,249,875 43,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO - Cmn 428236103 735,831 13,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
HIBERNIA CORP CL 'A' - Cmn 428656102 170,363 11,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% - CB 40425PAA5 23,572,307 21,242 X
- ------------------------------------------------------------------------------------------------------------------------------------
HNCS 30.000 STRIKE PUT - Opt (P) 40425P107 243,750 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
HONEYWELL INC - Cmn 438506107 3,843,750 60,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
HOST MARRIOT CORP - Cmn 441078102 669,900 52,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ - Opt (P) 421924101 718,750 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ - Opt (P) 421924101 725,000 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
HWP 45.000 STRIKE PUT 01/ - Opt (P) 428236103 431,250 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,067,281
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
HARRIS CORP DEL - Cmn n/a X
- ---------------------------------------------------------------------------------
HEALTHSOUTH CORP 3.25% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
HEALTHSOUTH CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
HEARX LTD - Cmn n/a X
- ---------------------------------------------------------------------------------
HEINZ (H.J.) CO. - Cmn n/a X
- ---------------------------------------------------------------------------------
HEWLETT PACKARD CO - Cmn n/a X
- ---------------------------------------------------------------------------------
HIBERNIA CORP CL 'A' - Cmn n/a X
- ---------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% - CB n/a n/a
- ---------------------------------------------------------------------------------
HNCS 30.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
HONEYWELL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
HOST MARRIOT CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
HRC 25.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
HWP 45.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 15 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
IMAGYN $109.8MM SR SUB - CB 45244EAA8 632,500 2,750 X
- ------------------------------------------------------------------------------------------------------------------------------------
IMC FERTILIZER - Cmn 449669100 451,438 23,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
INCO LTD. - Cmn 453258402 1,027,050 100,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 80.000 STRIKE PUT 01/ - Opt (P) 458140100 218,750 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTEGRATED HEALTH SVCS - Cmn 45812C106 220,244 13,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTEL - Cmn 458140100 2,246,650 26,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERDIGITAL COMM - Cmn 45866A105 211,469 50,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTEREPUBLIC GRP - Cmn 460690100 895,363 16,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTL FLAVORS & FRAG - Cmn 459506101 1,227,600 37,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON - Cmn 478160104 2,480,525 31,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
JTS CORP - Cmn 465940104 1,508 50,276 X
- ------------------------------------------------------------------------------------------------------------------------------------
K MART 7.750% CV PR - Pfd 498778208 20,567,318 413,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
KEANE INC - Cmn 486665102 313,200 8,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
KELLOGG CO - Cmn 487836108 2,196,931 66,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 32,690,545
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
IMAGYN $109.8MM SR SUB - CB n/a n/a
- ---------------------------------------------------------------------------------
IMC FERTILIZER - Cmn n/a X
- ---------------------------------------------------------------------------------
INCO LTD. - Cmn n/a X
- ---------------------------------------------------------------------------------
INTC 80.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
INTEGRATED HEALTH SVCS - Cmn n/a X
- ---------------------------------------------------------------------------------
INTEL - Cmn n/a X
- ---------------------------------------------------------------------------------
INTERDIGITAL COMM - Cmn n/a X
- ---------------------------------------------------------------------------------
INTEREPUBLIC GRP - Cmn n/a X
- ---------------------------------------------------------------------------------
INTL FLAVORS & FRAG - Cmn n/a X
- ---------------------------------------------------------------------------------
JOHNSON & JOHNSON - Cmn n/a X
- ---------------------------------------------------------------------------------
JTS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
K MART 7.750% CV PR - Pfd n/a n/a
- ---------------------------------------------------------------------------------
KEANE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
KELLOGG CO - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
KM 12.500 STRIKE PUT 01/22 - Opt (P) 482584109 390,000 1,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
KNIGHT RIDDER INC - Cmn 499040103 1,045,750 23,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP - Cmn 500255104 1,825,200 46,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
LAFARGE CORP - Cmn 505862102 337,038 11,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
LATTICE SEMICONDUCTOR CORP - Cmn 518415104 420,750 17,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
LEGGETT & PLATT INC - Cmn 524660107 255,225 12,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE SPEECH - Cmn B5628B104 321,500 8,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
LEVL ONE COMM 4% REG CB - CB 527295AC3 6,704,452 6,890 X
- ------------------------------------------------------------------------------------------------------------------------------------
LHSPF 65.000 STRIKE PUT - Opt (P) 157285488 1,362,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
LIFE RE CORP - Cmn 532160108 6,858,538 74,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
LIMITED INC - Cmn 532716107 644,963 29,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP IND - Cmn 534187109 1,488,725 18,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/ - Opt (P) 564621073 537,500 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/ - Opt (P) 564621073 891,250 1,550 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 23,083,390
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
KM 12.500 STRIKE PUT 01/22 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
KNIGHT RIDDER INC - Cmn n/a X
- ---------------------------------------------------------------------------------
KOHLS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LAFARGE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LATTICE SEMICONDUCTOR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LEGGETT & PLATT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
LERNOUT & HAUSPIE SPEECH - Cmn n/a X
- ---------------------------------------------------------------------------------
LEVL ONE COMM 4% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
LHSPF 65.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
LIFE RE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LIMITED INC - Cmn n/a X
- ---------------------------------------------------------------------------------
LINCOLN NATL CORP IND - Cmn n/a X
- ---------------------------------------------------------------------------------
LOR 17.500 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
LOR 20.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 17 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LOR 20.000 STRIKE PUT 01/ - Opt (P 564621073 1,068,750 1,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd 543885404 5,069,531 112,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd G56462156 21,337,094 473,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn 546347105 529,750 26,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
LOWE'S COMPANIES - Cmn 548661107 871,663 27,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP. - Cmn 502161102 742,350 58,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
LYONDELL PETROCHEMICAL - Cmn 552078107 1,094,700 49,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC - Cmn 559222401 778,875 13,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB - CB 560321AD3 5,619,845 7,578 X
- -----------------------------------------------------------------------------------------------------------------------------------
MALLINCKRODT INC - Cmn 561232109 1,273,594 62,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
MANPOWER, INC - Cmn 56418H100 365,831 17,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
MARQUETTE MED SYS INC - Cmn 571490101 11,662,969 268,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
MATTEL INC - Cmn 577081102 616,000 22,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
MAXIM INTEGRATED PRODUCTS - Cmn 57772K101 485,025 17,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,515,976
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LOR 20.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LOWE'S COMPANIES - Cmn n/a X
- ---------------------------------------------------------------------------------
LSI LOGIC CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
LYONDELL PETROCHEMICAL - Cmn n/a X
- ---------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MAIL-WELL, INC. 5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
MALLINCKRODT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MANPOWER, INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MARQUETTE MED SYS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MATTEL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MAXIM INTEGRATED PRODUCTS - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS -
- ---------------------------------------------------------------------------------
</TABLE>
19
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 18 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MAY DEPT STORES CO - Cmn 577778103 2,163,000 42,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MAYTAG CORPORATION - Cmn 578592107 888,150 18,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
MBIA INC - Cmn 55262C100 1,503,250 28,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MCN ENERGY GROUP INC - Cmn 55267J100 302,006 17,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTION - Cmn 55268N100 144,375 15,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MEAD CORP - Cmn 582834107 997,931 33,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% - Cmn 58440J401 15,477,375 277,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MERCK & CO - Cmn 589331107 5,195,456 40,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
MERCURY FINANCE CO - Cmn 589395102 1,200 15,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MERRILL LYNCH & CO INC - Cmn 590188108 1,023,969 21,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
METAMOR WORLDWIDE - CB 59133PAA8 5,053,796 6,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MGIC INV CORP - Cmn 552848103 1,161,563 31,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
MGM GRAND INC - Cmn 552953101 297,506 12,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
MICRO FOCUS GROUP PLC - Cmn 594836306 235,000 10,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 34,444,578
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Managers
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MAY DEPT STORES CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MAYTAG CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
MBIA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MCN ENERGY GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MDSI MOBILE DATA SOLUTION - Cmn n/a X
- ---------------------------------------------------------------------------------
MEAD CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MEDIAONE GROUP 6.25% - Cmn n/a X
- ---------------------------------------------------------------------------------
MERCK & CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MERCURY FINANCE CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MERRILL LYNCH & CO INC - Cmn n/a X
- ---------------------------------------------------------------------------------
METAMOR WORLDWIDE - CB n/a n/a
- ---------------------------------------------------------------------------------
MGIC INV CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MGM GRAND INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MICRO FOCUS GROUP PLC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 19 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MICRON TECHNOLOGY INC - Cmn 595112103 989,219 32,500 X
- ------------------------------------------------------------------------------------------------------------------------------
MICROSOFT - Cmn 594918104 1,981,125 18,000 X
- ------------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP - Cmn 601073109 345,031 18,100 X
- ------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO - Cmn 604059105 1,127,419 15,300 X
- ------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP - Cmn 607059102 1,640,250 21,600 X
- ------------------------------------------------------------------------------------------------------------------------------
MONSANTO CO - Cmn 611662107 22,500,000 400,000 X
- ------------------------------------------------------------------------------------------------------------------------------
MOTOROLA - Cmn 620076109 2,040,850 47,600 X
- ------------------------------------------------------------------------------------------------------------------------------
MRVC 17.500 STRIKE PUT 01/ - Opt (P) 553477100 227,500 200 X
- ------------------------------------------------------------------------------------------------------------------------------
MSFT 85.000 STRIKE PUT 01/ - Opt (P) 594918104 525,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------
MYLEX CORP - Cmn 628546103 373,750 57,500 X
- ------------------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES 5.000% - CB 629568AA4 4,065,750 3,900 X
- ------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS INC - Cmn 637657107 210,375 6,600 X
- ------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG - CB 628874AC3 8,494,000 10,960 X
- ------------------------------------------------------------------------------------------------------------------------------
NCSS 25.000 STRIKE PUT 01/ - Opt (P) 628874109 426,250 550 X
- ------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 44,946,519
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MICRON TECHNOLOGY INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MICROSOFT - Cmn n/a X
- ---------------------------------------------------------------------------------
MILLIPORE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MOBIL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MONSANTO CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MOTOROLA - Cmn n/a X
- ---------------------------------------------------------------------------------
MRVC 17.500 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
MSFT 85.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
MYLEX CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NABORS INDUSTRIES 5.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
NATIONAL SVC INDS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG - CB n/a n/a
- ---------------------------------------------------------------------------------
NCSS 25.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 20 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
NETA 35.000 STRIKE PUT 12/ - Opt(P) 640938106 419,375 1,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 12/ - Opt(P) 640938106 1,518,750 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID - CB 640938AB2 31,305,457 82,380 X
- ------------------------------------------------------------------------------------------------------------------------------------
NEW ENGLAND ELECTRIC - Cmn 644001109 207,500 5,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
NEWBRIDGE NETWORKS CORP - Cmn 650901101 466,375 26,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Pfd 65332Y107 1,036,600 56,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
NIELSEN MEDIA RESEARCH - Cmn 653929307 153,750 15,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
NIKE INC - Cmn 654106103 434,388 11,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
NINE WEST GROUP INC - Cmn 65440D102 117,338 12,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
NOBLE DRILLING - Cmn 655042109 1,110,675 75,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC - Cmn 655664100 952,875 38,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHN CORP - Cmn 655844108 3,243,375 111,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN STS PWR CO - Cmn 665772109 474,256 16,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TELECOM LTD - Cmn 665815106 798,356 24,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 42,239,069
- ------------------------------------------------------------------------------------------------------------------------------------
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NETA 35.000 STRIKE PUT 12/ - Opt(P) n/a n /a
- ---------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 12/ - Opt(P) n/a n/a
- ---------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID - CB n/a n/a
- ---------------------------------------------------------------------------------
NEW ENGLAND ELECTRIC - Cmn n/a X
- ---------------------------------------------------------------------------------
NEWBRIDGE NETWORKS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Pfd n/a n/a
- ---------------------------------------------------------------------------------
NIELSEN MEDIA RESEARCH - Cmn n/a X
- ---------------------------------------------------------------------------------
NIKE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
NINE WEST GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
NOBLE DRILLING - Cmn n/a X
- ---------------------------------------------------------------------------------
NORDSTROM INC - Cmn n/a X
- ---------------------------------------------------------------------------------
NORFOLK SOUTHN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NORTHERN STS PWR CO - Cmn n/a X
- ---------------------------------------------------------------------------------
NORTHERN TELECOM LTD - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 21 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
NTL INCORPORATED - Cmn 629407107 485,900 11,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP - Cmn 670346105 349,375 8,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
OLD KENT FINANCIAL - Cmn 679833103 903,563 30,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
OLIN CORP - Cmn 680665205 685,631 23,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
OMNICOM GROUP - Cmn 681919106 1,728,000 38,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 - CB 682180AA2 518,760 524 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP - Cmn 68389X105 222,894 7,653 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 - CB 685564AC0 11,287,386 9,420 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORCL 25.000 STRIKE PUT 01 - Opt(P) 68389X105 337,500 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORTHODONTIC CTRS AMER - Cmn 68750P103 427,200 25,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORYX ENERGY - Cmn 68763F100 723,206 55,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC - Cmn 689899102 313,863 11,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
OWENS CORNING - Cmn 69073F103 716,375 22,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
PACIFICORP - Cmn 695114108 1,031,800 53,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 19,731,452
- ------------------------------------------------------------------------------------------------------------------------------------
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NTL INCORPORATED - Cmn n/a X
- ---------------------------------------------------------------------------------
NUCOR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
OLD KENT FINANCIAL - Cmn n/a X
- ---------------------------------------------------------------------------------
OLIN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
OMNICOM GROUP - Cmn n/a X
- ---------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 - CB n/a n/a
- ---------------------------------------------------------------------------------
ORACLE SYS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 - CB n/a n/a
- ---------------------------------------------------------------------------------
ORCL 25.000 STRIKE PUT 01 - Opt(P) n/a n/a
- ---------------------------------------------------------------------------------
ORTHODONTIC CTRS AMER - Cmn n/a X
- ---------------------------------------------------------------------------------
ORYX ENERGY - Cmn n/a X
- ---------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
OWENS CORNING - Cmn n/a X
- ---------------------------------------------------------------------------------
PACIFICORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 22 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
PARK PETROCHEMICAL CORP - Cmn 700416209 177,125 13,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
P-COM, INC. 4.25% CB DUE - CB 693262AC1 2,737,000 5,950 X
- ------------------------------------------------------------------------------------------------------------------------------------
PDE 25.000 STRIKE PUT 10/1 - Opt (P) 741932107 837,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
PENNCORP FINANCIAL GROUP - Cmn 708094107 437,500 200,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC - Cmn 708160106 1,918,831 42,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB 71623PAC6 500,625 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
PG&E CORP - Cmn 69331C108 2,173,875 68,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
PHOTRONICS INC - Cmn 719405102 1,254,600 98,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
PINNACLE WEST - Cmn 723484101 241,988 5,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLAB 30.000 STRIKE PUT 12/ - Opt (P) 719405102 440,625 250 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLAB 35.000 STRIKE PUT 12/ - Opt (P) 719405102 1,131,250 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLAT 22.500 STRIKE PUT 12/ - Opt (P) 72764T101 456,000 760 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLAT 25.000 STRIKE PUT 01/ - Opt (P) 72764T101 1,328,125 1,250 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLAT 30.000 STRIKE PUT 12/ - Opt (P) 72764T101 606,250 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 14,241,294
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PARK PETROCHEMICAL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
P-COM, INC. 4.25% CB DUE - CB n/a n/a
- ---------------------------------------------------------------------------------
PDE 25.000 STRIKE PUT 10/1 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PENNCORP FINANCIAL GROUP - Cmn n/a X
- ---------------------------------------------------------------------------------
PENNEY J C INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB n/a n/a
- ---------------------------------------------------------------------------------
PG&E CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
PHOTRONICS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PINNACLE WEST - Cmn n/a X
- ---------------------------------------------------------------------------------
PLAB 30.000 STRIKE PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PLAB 35.000 STRIKE PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PLAT 22.500 STRIKE PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PLAT 25.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PLAT 30.000 STRIKE PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 23 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PLATINUM TECH 6.25% CONV - CB 72764TAD3 2,260,900 2,630 X
- ------------------------------------------------------------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV BD - CB 72764TAA9 6,166,570 4,358 X
- ------------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP - Cmn 693475105 234,000 5,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC - Cmn 74005P104 882,563 27,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/20 - Cmn 740540208 316,438 8,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
PREMIERE TECH 5.75 REG - CB 74058FAC6 486,577 967 X
- ------------------------------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC - Cmn 741932107 576,800 72,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUALCOMM 5.75% REG TRUST - Cmn 74752R402 18,548,058 445,599 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB 748767AC4 17,585,131 14,731 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB 748767AA8 588,125 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUST 5.7500 STRIKE 03/10/ - Cmn 748372117 39,375 30,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA 7% 8/1/2000 - Pfd 751277401 446,400 7,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
RAYCHEM CORP - Cmn 754603108 711,750 29,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
RDRT 10.000 STRIKE PUT - Opt (P) 755246103 284,375 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 49,127,062
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PLATINUM TECH 6.25% CONV - CB n/a n/a
- ---------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV BD - CB n/a n/a
- ---------------------------------------------------------------------------------
PNC BK CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
PRAXAIR INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/20 - Cmn n/a X
- ---------------------------------------------------------------------------------
PREMIERE TECH 5.75 REG - CB n/a n/a
- ---------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
QUALCOMM 5.75% REG TRUST - Cmn n/a X
- ---------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB n/a n/a
- ---------------------------------------------------------------------------------
QUST 5.7500 STRIKE 03/10/ - Cmn n/a X
- ---------------------------------------------------------------------------------
RALSTON PURINA 7% 8/1/2000 - Pfd n/a n/a
- ---------------------------------------------------------------------------------
RAYCHEM CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
RDRT 10.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 24 of 31 Name of Reporting Manager Citadel Limited Partnership
- -----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
-------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
READ-RITE CORP - Cmn 755246105 468,750 60,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
REBUBLIC INDUSTRIES 6.5% - Pfd 05300A202 429,688 27,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
REEBOK INTL LTD - Cmn 758110100 511,306 37,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINANCIAL CORP - Cmn 75952U103 982,800 25,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
REMINGTON OIL SERIES A - Cmn 759594104 87,500 17,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB 760943AC4 7,374,825 6,570 X
- -----------------------------------------------------------------------------------------------------------------------------------
RIO HOTEL & CASINO INC - Cmn 767147101 4,526,356 327,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROBERT HALF INTL INC - Cmn 770323103 1,096,963 25,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS CO - Cmn 775371107 903,906 32,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC - Cmn 779382100 150,456 13,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROYAL OAK RESTR STK - Cmn 780509204 - 33,656 X
- -----------------------------------------------------------------------------------------------------------------------------------
S&P 500 INDEX 995 PUT 12/1 - Opt (P) 0 1,350,000 250 X
- -----------------------------------------------------------------------------------------------------------------------------------
S&P INDEX 950X PUT 12/19/9 - Opt (P) 0 825,000 200 X
- -----------------------------------------------------------------------------------------------------------------------------------
SAFETY-KLEEN CORP - Cmn 78648R104 3,551,192 1,072,058 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 22,258,742
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------
(SEC USE ONLY) Page 24 of 31
- --------------------------------------------------------------------------------------------
Item 1: Item 8:
Item 7: Voting Authority (Shares)
Name of Issuer ------------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
READ-RITE CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
REBUBLIC INDUSTRIES 6.5% - Pfd n/a n/a
- --------------------------------------------------------------------------------------------
REEBOK INTL LTD - Cmn n/a X
- --------------------------------------------------------------------------------------------
RELIASTAR FINANCIAL CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
REMINGTON OIL SERIES A - Cmn n/a X
- --------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB n/a n/a
- --------------------------------------------------------------------------------------------
RIO HOTEL & CASINO INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
ROBERT HALF INTL INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
ROHM & HAAS CO - Cmn n/a X
- --------------------------------------------------------------------------------------------
ROWAN COS INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
ROYAL OAK RESTR STK - Cmn n/a X
- --------------------------------------------------------------------------------------------
S&P 500 INDEX 995 PUT 12/1 - Opt (P) n/a n/a
- --------------------------------------------------------------------------------------------
S&P INDEX 950X PUT 12/19/9 - Opt (P) n/a n/a
- --------------------------------------------------------------------------------------------
SAFETY-KLEEN CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 25 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SAFEWAY INC - Cmn 786514208 452,025 9,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
SANTA FE ENERGY RESOURCES - Cmn 802012104 631,369 66,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
SCTC 40.000 STRIKE PUT 11 - Opt(P) 871873105 226,875 300 X
- ------------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO - Cmn 812387108 627,463 14,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
SEE 4% CONV PREF - Pfd 81211K209 8,703,158 240,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SEPRACOR INC 7% 144A CB - CB 817315AA2 7,140,825 2,130 X
- ------------------------------------------------------------------------------------------------------------------------------------
SHAMAN PHARMACEUTICALS - Cmn 819319104 224,368 163,177 X
- ------------------------------------------------------------------------------------------------------------------------------------
SHARED MED SYS CORP - Cmn 819486101 691,438 13,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SIS BANCORP INC - Cmn 7.8427E+104 7,790,663 201,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
SNYDER OIL CORP - Cmn 833482102 202,400 12,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
SNYDER STRYPES 6.5% 11/15 - Pfd 833502107 1,149,500 38,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT 01/ - Opt(P) 867071102 837,500 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP - Cmn 834182107 1,212,750 25,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
SONAT, INC. - Cmn 835415100 2,034,488 68,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,924,820
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
(SEC USE ONLY)
- -------------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
--------------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SAFEWAY INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
SANTA FE ENERGY RESOURCES - Cmn n/a X
- -------------------------------------------------------------------------------------------
SCTC 40.000 STRIKE PUT 11 - Opt(P) n/a n/a
- -------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO - Cmn n/a X
- -------------------------------------------------------------------------------------------
SEE 4% CONV PREF - Pfd n/a n/a
- -------------------------------------------------------------------------------------------
SEPRACOR INC 7% 144A CB - CB n/a n/a
- -------------------------------------------------------------------------------------------
SHAMAN PHARMACEUTICALS - Cmn n/a X
- -------------------------------------------------------------------------------------------
SHARED MED SYS CORP - Cmn n/a X
- -------------------------------------------------------------------------------------------
SIS BANCORP INC - Cmn n/a X
- -------------------------------------------------------------------------------------------
SNYDER OIL CORP - Cmn n/a X
- -------------------------------------------------------------------------------------------
SNYDER STRYPES 6.5% 11/15 - Pfd n/a n/a
- -------------------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT 01/ - Opt(P) n/a n/a
- -------------------------------------------------------------------------------------------
SOLECTRON CORP - Cmn n/a X
- -------------------------------------------------------------------------------------------
SONAT, INC. - Cmn n/a X
- -------------------------------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
<TABLE>
<CAPTION>
FORM 13F
Page 26 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SOUTHDOWN CORP - Cmn 841297104 508,500 11,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN NEW ENG TELECOMM - Cmn 843485103 38,968,750 500,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPLASH TECHNOLOGY HLDGS - Cmn 848623104 171,000 12,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM - CB 85207FAB4 4,225,000 5,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPX 500 INDEX 1075 CALL - Opt (C) 0 1,020,000 400 X
- ------------------------------------------------------------------------------------------------------------------------------------
SRV 35.000 STRIKE PUT - Opt (P) 817565104 544,375 1,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
ST JOHN KNITS INC - Cmn 790289102 488,588 30,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
STANLEY WKS - Cmn 854616109 592,025 19,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
STATESMAN GROUP ESCROW - Cmn 857645998 -- 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
STILLWATER MINING 7% REG - CB 86074QAC6 6,458,856 5,185 X
- ------------------------------------------------------------------------------------------------------------------------------------
STRATUS COMPUTER INC - Cmn 863155107 30,554,563 907,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE - Pfd 86507G408 11,630,666 347,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SUNAMERICA INC. - Cmn 866930100 26,223,900 429,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
SUNOCO INC - Cmn 86764P109 1,078,400 33,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 122,464,621
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
Item 1: Item 7: ----------------------------
Name of Insurer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SOUTHDOWN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
SOUTHERN NEW ENG TELECOMM - Cmn n/a X
- ---------------------------------------------------------------------------------
SPLASH TECHNOLOGY HLDGS - Cmn n/a X
- ---------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM - CB n/a n/a
- ---------------------------------------------------------------------------------
SPX 500 INDEX 1075 CALL - Opt (C) n/a n/a
- ---------------------------------------------------------------------------------
SRV 35.000 STRIKE PUT - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ST JOHN KNITS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
STANLEY WKS - Cmn n/a X
- ---------------------------------------------------------------------------------
STATESMAN GROUP ESCROW - Cmn n/a X
- ---------------------------------------------------------------------------------
STILLWATER MINING 7% REG - CB n/a n/a
- ---------------------------------------------------------------------------------
STRATUS COMPUTER INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD DUE - Pfd n/a n/a
- ---------------------------------------------------------------------------------
SUNAMERICA INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
SUNOCO INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 27 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
SUNRISE ASSISTED LIVING 5 - CB 86768KAC0 3,093,769 2,847 X
- ------------------------------------------------------------------------------------------------------------------------------------
SYNOPSYS INC - Cmn 871607107 223,194 6,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB 871873AB1 6,796,881 8,423 X
- ------------------------------------------------------------------------------------------------------------------------------------
TANDY CORP - Cmn 875382103 460,100 8,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG - CB 878732AD8 3,622,500 6,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC - Cmn 879131100 1,393,450 89,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS - TCI - Cmn 87924V101 12,109,188 309,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS (TCI P - Cmn 872294202 10,575,000 50,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEL-SAVE 4.5% REG CB - CB 879176AC9 15,823,202 33,670 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEL-SAVE HLDGS 5% CB - CB 879176AF2 469,365 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELULAR CORP - Cmn 87970T109 177,525 183,252 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC - Cmn 879868107 435,663 9,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC - Cmn 880770102 284,700 15,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEXACO INCCmn 881694103 4,348,094 69,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 59,812,630
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
Item 1: Item 7: ----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
SUNRISE ASSISTED LIVING 5 - CB n/a n/a
- ---------------------------------------------------------------------------------
SYNOPSYS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB n/a n/a
- ---------------------------------------------------------------------------------
TANDY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG - CB n/a n/a
- ---------------------------------------------------------------------------------
TEKTRONIX INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TELE-COMMUNICATIONS - TCI - Cmn n/a X
- ---------------------------------------------------------------------------------
TELE-COMMUNICATIONS (TCI P - Cmn n/a X
- ---------------------------------------------------------------------------------
TEL-SAVE 4.5% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
TEL-SAVE HLDGS 5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
TELULAR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
TEMPLE INLAND INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TERADYNE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TEXACO INCCmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 28 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
Item 1: Item 2: Item 3: Item 4: Item 5: --------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TEXAS INSTRUMENTS - Cmn 882508104 1,865,600 35,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC - Cmn 883203101 1,703,563 28,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
TFT 4.5% REG S CB DUE 7/15 - CB U8835NAA8 2,670,900 3,070 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMEDICS INC 2.875% - CB 883901100 2,200,950 2,628 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% - CB 88355KAA9 3,423,949 3,885 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO ELECTRON 4.250% - CB 883556AF9 8,700,000 10,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% - CB 88355WAA3 1,740,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB 883559106 651,969 775 X
- ------------------------------------------------------------------------------------------------------------------------------------
TIDEWATER COMMON STOCK TDW - Cmn 886423102 1,284,425 61,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
TIFFANY COMMON STOCK TIF - Cmn 886547108 611,813 19,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO - Cmn 887389104 751,713 49,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
TJX COMPANIES COMMON STOCK - Cmn 872540109 714,281 40,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
TLC 35.000 STRIKE PUT 01/1 - Opt (P) 522008101 417,656 275 X
- ------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP - Cmn 891027104 1,178,750 32,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 27,915,568
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Voting Authority (Shares)
Item 1: Item 7: ----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TEXAS INSTRUMENTS - Cmn n/a X
- ---------------------------------------------------------------------------------
TEXTRON INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TFT 4.5% REG S CB DUE 7/15 - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMEDICS INC 2.875% - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO ELECTRON 4.250% - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB n/a n/a
- ---------------------------------------------------------------------------------
TIDEWATER COMMON STOCK TDW - Cmn n/a X
- ---------------------------------------------------------------------------------
TIFFANY COMMON STOCK TIF - Cmn n/a X
- ---------------------------------------------------------------------------------
TIMKEN CO - Cmn n/a X
- ---------------------------------------------------------------------------------
TJX COMPANIES COMMON STOCK - Cmn n/a X
- ---------------------------------------------------------------------------------
TLC 35.000 STRIKE PUT 01/1 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
TORCHMARK CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 29 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
TOSCO CORP. 5.75% CONV. PF - Pfd 891491409 8,023,531 185,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC CMN S - Cmn 891707101 1,266,963 64,150 X
- ------------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC - Cmn 892335100 181,300 11,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 6.25% EXCHG. NOTES - Pfd 896047206 540,625 25,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE CO NEW - Cmn 896047107 1,086,750 21,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
TRITON ENERGY NEW YORK - Cmn G90751101 862,575 86,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 - CB 895927AB7 5,018,906 24,250 X
- ------------------------------------------------------------------------------------------------------------------------------------
TWR 25.000 STRIKE PUT 11/2 - Opt (P) 891707101 460,000 800 X
- ------------------------------------------------------------------------------------------------------------------------------------
TXN 45.000 STRIKE PUT 01/2 - Opt (P) 882508104 518,750 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
UNIFI COMM $175MM SR NOTES - Pfd 90467NAE6 400,000 5,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
UNILEVER N V - Cmn 904784501 2,296,875 37,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORP. CMN - Cmn 909205106 286,956 18,740 X
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED HEALTHCARE - Cmn 910581107 1,575,000 45,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS INC CMN STO - Cmn 911363109 1,536,788 64,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 24,055,018
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
---------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
TOSCO CORP. 5.75% CONV. PF - Pfd n/a n/a
- --------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC CMN S - Cmn n/a X
- --------------------------------------------------------------------------------------
TOYS R US INC - Cmn n/a X
- --------------------------------------------------------------------------------------
TRIBUNE 6.25% EXCHG. NOTES - Pfd n/a n/a
- --------------------------------------------------------------------------------------
TRIBUNE CO NEW - Cmn n/a X
- --------------------------------------------------------------------------------------
TRITON ENERGY NEW YORK - Cmn n/a X
- --------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 - CB n/a n/a
- --------------------------------------------------------------------------------------
TWR 25.000 STRIKE PUT 11/2 - Opt (P) n/a n/a
- --------------------------------------------------------------------------------------
TXN 45.000 STRIKE PUT 01/2 - Opt (P) n/a n/a
- --------------------------------------------------------------------------------------
UNIFI COMM $175MM SR NOTES - Pfd n/a n/a
- --------------------------------------------------------------------------------------
UNILEVER N V - Cmn n/a X
- --------------------------------------------------------------------------------------
UNISOURCE ENERGY CORP. CMN - Cmn n/a X
- --------------------------------------------------------------------------------------
UNITED HEALTHCARE - Cmn n/a X
- --------------------------------------------------------------------------------------
UNITED RENTALS INC CMN STO - Cmn n/a X
- --------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 30 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
UNITED STATES SURGICAL COR - Cmn 912707106 47,940,625 1,150,000 X
- ---------------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP - Cmn 913017109 3,363,250 44,000 X
- ---------------------------------------------------------------------------------------------------------------------------------
UNITRODE CORP CMN STK - Cmn 913283107 334,688 31,500 X
- ---------------------------------------------------------------------------------------------------------------------------------
US FILTER COMMON STOCK - Cmn 911843209 490,200 30,400 X
- ---------------------------------------------------------------------------------------------------------------------------------
USA WASTE SERVICES 4.500% - CB 913174AB4 2,432,949 1,500 X
- ---------------------------------------------------------------------------------------------------------------------------------
USCS INTL INC CMN STOCK - Cmn 90330X109 3,119,338 97,100 X
- ---------------------------------------------------------------------------------------------------------------------------------
USX CORP 6.75% CV PFD INTO - Pfd 902905793 3,794,200 195,200 X
- ---------------------------------------------------------------------------------------------------------------------------------
V F CORP - Cmn 918204108 840,000 22,400 X
- ---------------------------------------------------------------------------------------------------------------------------------
VANTIVE CORP. 4.75% REG CB - CB 922091AC7 10,703,216 16,700 X
- ---------------------------------------------------------------------------------------------------------------------------------
VARCO INTERNATIONAL CMN ST - Cmn 922126107 523,438 62,500 X
- ---------------------------------------------------------------------------------------------------------------------------------
VENATOR GROUP INC. CMN STO - Cmn 922944103 370,088 42,600 X
- ---------------------------------------------------------------------------------------------------------------------------------
VLSI 17.500 STRIKE PUT 01/ - Opt (P) 918270109 493,750 500 X
- ---------------------------------------------------------------------------------------------------------------------------------
VLSI TECHNOLOGY COMMON STO - Cmn 918270109 1,511,275 198,200 X
- ---------------------------------------------------------------------------------------------------------------------------------
WALGREEN CO - Cmn 931422109 2,952,188 67,000 X
- ---------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 78,869,202
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
UNITED STATES SURGICAL COR - Cmn n/a X
- ----------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
UNITRODE CORP CMN STK - Cmn n/a X
- ----------------------------------------------------------------------------------
US FILTER COMMON STOCK - Cmn n/a X
- ----------------------------------------------------------------------------------
USA WASTE SERVICES 4.500% - CB n/a n/a
- ----------------------------------------------------------------------------------
USCS INTL INC CMN STOCK - Cmn n/a X
- ----------------------------------------------------------------------------------
USX CORP 6.75% CV PFD INTO - Pfd n/a n/a
- ----------------------------------------------------------------------------------
V F CORP - Cmn n/a X
- ----------------------------------------------------------------------------------
VANTIVE CORP. 4.75% REG CB - CB n/a n/a
- ----------------------------------------------------------------------------------
VARCO INTERNATIONAL CMN ST - Cmn n/a X
- ----------------------------------------------------------------------------------
VENATOR GROUP INC. CMN STO - Cmn n/a X
- ----------------------------------------------------------------------------------
VLSI 17.500 STRIKE PUT 01/ - Opt (P) n/a n/a
- ----------------------------------------------------------------------------------
VLSI TECHNOLOGY COMMON STO - Cmn n/a X
- ----------------------------------------------------------------------------------
WALGREEN CO - Cmn n/a X
- ----------------------------------------------------------------------------------
COLUMN TOTALS
- ----------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 31 of 31 Name of Reporting Manager Citadel Limited Partnership
- ------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
WASHINGTON POST -CL B CMN - Cmn 939640108 204,400 400 X
- -----------------------------------------------------------------------------------------------------------------------------------
WDC 12.500 STRIKE PUT 01/1 - Opt (P) 958102AH8 600,000 2,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
WELLPOINT HLTH NETWRK -CL - Cmn 94973H108 482,138 8,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO CO. COMMON STO - Cmn 949740104 27,193,001 76,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL 0% OID DUE - CB 958102AH8 5,818,875 26,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP. COMMON STO - Cmn 963320106 911,800 19,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB DUE 8 - Opt (P) 973149AC1 30,985,135 26,675 X
- -----------------------------------------------------------------------------------------------------------------------------------
WMS INDUSTRIES COMMON STOC - Cmn 929297109 2,128,838 268,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB D - CB 98141AAC5 9,842,697 12,415 X
- -----------------------------------------------------------------------------------------------------------------------------------
WRIGHT MEDICAL 11.75% SR N - CB 982351AE8 1,600,000 2,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
XILINX INC 5.250% CB OF 11 - CB 983919AB7 16,408,691 17,444 X
- -----------------------------------------------------------------------------------------------------------------------------------
YORK INTL CMN STK - Cmn 986670107 246,975 7,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
ZILA INCORPORATED CMN STK - Cmn 989513205 1,156,500 257,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 97,579,049
- -----------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 1,731,701,379
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
----------------------------
(SEC USE ONLY)
- ---------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
- ---------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
WASHINGTON POST -CL B CMN - Cmn n/a X
- -------------------------------------------------------------------------------------
WDC 12.500 STRIKE PUT 01/1 - Opt (P) n/a n/a
- -------------------------------------------------------------------------------------
WELLPOINT HLTH NETWRK -CL - Cmn n/a X
- -------------------------------------------------------------------------------------
WELLS FARGO CO. COMMON STO - Cmn n/a X
- -------------------------------------------------------------------------------------
WESTERN DIGITAL 0% OID DUE - CB n/a n/a
- -------------------------------------------------------------------------------------
WHIRLPOOL CORP. COMMON STO - Cmn n/a X
- -------------------------------------------------------------------------------------
WIND RIVER 5% REG CB DUE 8 - Opt (P) n/a n/a
- -------------------------------------------------------------------------------------
WMS INDUSTRIES COMMON STOC - Cmn n/a X
- -------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB D - CB n/a n/a
- -------------------------------------------------------------------------------------
WRIGHT MEDICAL 11.75% SR N - CB n/a n/a
- -------------------------------------------------------------------------------------
XILINX INC 5.250% CB OF 11 - CB n/a n/a
- -------------------------------------------------------------------------------------
YORK INTL CMN STK - Cmn n/a X
- -------------------------------------------------------------------------------------
ZILA INCORPORATED CMN STK - Cmn n/a X
- -------------------------------------------------------------------------------------
COLUMN TOTALS
- -------------------------------------------------------------------------------------
LONG MARKET VALUE
- -------------------------------------------------------------------------------------
</TABLE>
