<PAGE>
THIS FILING LISTS SECURITIES HOLDINGS REPORTED ON THE FORM 13F FILED ON AUGUST
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: JUNE 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:
[_] /s/ Gerald A. Beeson CHICAGO, ILLINOIS 11/1/99
- ---------------------------- ----------------- -------
[_]
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
<PAGE>
[_]
FORM 13F SUMMARY PAGE
[_]
[_]
[_]
Report Summary:
[_]
This amendment also contains all risk arbitrage positions for which confidential
treatment was previously requested.
[_]
Number of Other Included Managers: 0
[_]
[_]
Form 13F Information Table Entry Total: 378 [_]
[_]
Form 13F Information Table Value Total: $1,751,691 (thousands)
[_]
[_]
[_]
List of Other Included Managers:
NONE
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 1 of 28 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 -------------------------------------
Number Value Principal (b) Shared
Amount (a) Sole As Defined (c) Shared-
in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
APPLE COMPUTER INC 6.000% - CB 037833AE0 54,162,165 46,829 X
- -----------------------------------------------------------------------------------------------------------------------------------
AIRBORNE FREIGHT - Cmn 9266107 482,138 13,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN BANKERS INS - Cmn 24456105 12,716,438 211,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
ABI 60.000 STRIKE CALL 10/ - Opt(C) 24456105 200,000 500 X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN BIOMED - Cmn 02461T104 21,634 40,063 X
- -----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB 048396AC9 27,911,515 8,262 X
- -----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7 - CB 048396AA3 861,467 255 X
- -----------------------------------------------------------------------------------------------------------------------------------
ARMSTRONG WORLD INDS - Cmn 42476101 2,546,775 37,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
ADAPTEC INC - Cmn 00651F108 432,238 30,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
AUTODESK INC - Cmn 52769106 965,625 25,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELEC PWR INC - Cmn 25537101 2,064,563 45,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
AETNA LIFE & CAS CO - Cmn 8117103 913,500 12,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
AFFILIATED CMNTY BANCORP - Cmn 8188104 16,374,206 450,150 X
- -----------------------------------------------------------------------------------------------------------------------------------
AFLAC INC - Cmn 1055102 806,313 26,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 120,458,574
- -----------------------------------------------------------------------------------------------------------------------------------
<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>
APPLE COMPUTER INC 6.000% - CB n/a n/a
- ---------------------------------------------------------------------------------
AIRBORNE FREIGHT - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN BANKERS INS - Cmn n/a X
- ---------------------------------------------------------------------------------
ABI 60.000 STRIKE CALL 10/ - Opt(C) n/a n/a
- ---------------------------------------------------------------------------------
AMERICAN BIOMED - Cmn n/a X
- ---------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% - CB n/a n/a
- ---------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7 - CB n/a n/a
- ---------------------------------------------------------------------------------
ARMSTRONG WORLD INDS - Cmn n/a X
- ---------------------------------------------------------------------------------
ADAPTEC INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AUTODESK INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AMERICAN ELEC PWR INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AETNA LIFE & CAS CO - Cmn n/a X
- ---------------------------------------------------------------------------------
AFFILIATED CMNTY BANCORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AFLAC INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 2 OF 28 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>
AGCO CORP. - Cmn 1084102 1,476,388 71,800 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALPHA INDS - Cmn 20753109 298,750 20,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
AHMANSON (H.F.) & COM - Cmn 8677106 42,756,200 602,200 X
- ----------------------------------------------------------------------------------------------------------------------------------
ACKERLEY COMMUNICATNS - Cmn 4527107 1,260,000 60,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALBANK FINL CORP - Cmn 12046108 12,778,869 181,100 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALTERNATIVE LIVING SYS 7% - CB 02145KAC1 2,338,875 1,650 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALKERMES INC - Cmn 01642T108 2,234,375 125,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALTERA CORP - Cmn 21441100 274,754 9,294 X
- ----------------------------------------------------------------------------------------------------------------------------------
APPLIED MATERIAL - Cmn 38222105 321,550 10,900 X
- ----------------------------------------------------------------------------------------------------------------------------------
APPLIED MICROBIOLOGY 0.000 - Pfd 987541232 2,649,148 222 X
- ----------------------------------------------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% - CB 007903AC1 3,096,940 3,850 X
- ----------------------------------------------------------------------------------------------------------------------------------
AMKOR TECH INC 5.75% CB - CB 031652AA8 2,310,590 2,500 X
- ----------------------------------------------------------------------------------------------------------------------------------
AMP INC - Cmn 31897101 2,086,563 60,700 X
- ----------------------------------------------------------------------------------------------------------------------------------
ALUMAX INC - Cmn 22197107 14,882,201 320,910 X
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 88,765,202
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------------------------------
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>
AGCO CORP. - Cmn n/a X
- --------------------------------------------------------------------------------------------
ALPHA INDS - Cmn n/a X
- --------------------------------------------------------------------------------------------
AHMANSON (H.F.) & COM - Cmn n/a X
- --------------------------------------------------------------------------------------------
ACKERLEY COMMUNICATNS - Cmn n/a X
- --------------------------------------------------------------------------------------------
ALBANK FINL CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
ALTERNATIVE LIVING SYS 7% - CB n/a n/a
- --------------------------------------------------------------------------------------------
ALKERMES INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
ALTERA CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
APPLIED MATERIAL - Cmn n/a X
- --------------------------------------------------------------------------------------------
APPLIED MICROBIOLOGY 0.000 - Pfd n/a n/a
- --------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% - CB n/a n/a
- --------------------------------------------------------------------------------------------
AMKOR TECH INC 5.75% CB - CB n/a n/a
- --------------------------------------------------------------------------------------------
AMP INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
ALUMAX INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 3 of 28 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>
AOL 4% CB DUE 11/15/02 - CB 02364JAB0 73,738,355 35,320 X
- ------------------------------------------------------------------------------------------------------------------------------------
APACHE CORP - Cmn 37411105 689,850 21,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC - Cmn 9158106 1,680,000 42,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARCH COMM GROUP $467MM - CB 039381AB4 1,650,000 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARCH COMM. $130MM SR NOTES - CB 039381AC2 502,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO - Cmn 48825103 4,851,563 62,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARROW ELEC. - Cmn 42735100 702,525 32,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASAHI BANK NYSE ADR 1:10 - Cmn 43385103 14,256,612 324,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIRON - Cmn 53762100 898,200 28,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVON PRODS INC - Cmn 54303102 1,208,025 15,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
ALZA CORP - Cmn 22615108 800,125 18,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AUTOZONE INC - Cmn 53332102 364,088 11,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
ASPEN TECHNOLOGY INC - Cmn 45327103 530,250 10,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
BAY NETWORKS INC. - Cmn 72510100 21,994,875 686,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 123,866,967 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>
AOL 4% CB DUE 11/15/02 - CB n/a n/a
- ---------------------------------------------------------------------------------
APACHE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AIR PRODS & CHEMS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ARCH COMM GROUP $467MM - CB n/a n/a
- ---------------------------------------------------------------------------------
ARCH COMM. $130MM SR NOTES - CB n/a n/a
- ---------------------------------------------------------------------------------
ATLANTIC RICHFIELD CO - Cmn n/a X
- ---------------------------------------------------------------------------------
ARROW ELEC. - Cmn n/a X
- ---------------------------------------------------------------------------------
ASAHI BANK NYSE ADR 1:10 - Cmn n/a X
- ---------------------------------------------------------------------------------
AVIRON - Cmn n/a X
- ---------------------------------------------------------------------------------
AVON PRODS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ALZA CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
AUTOZONE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ASPEN TECHNOLOGY INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BAY NETWORKS INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 4 of 28 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>
BRUNSWICK CORP - Cmn 117043109 824,175 33,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BOISE CASCADE CORP - Cmn 97383103 419,200 12,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
BEI TECHNOLOGIES INC - Cmn 05538P104 307,913 16,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
BESTFOODS, INC - Cmn 08658U101 476,113 8,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
BHI 35.000 STRIKE PUT 08/1 - Opt (P) 057224107 315,040 1,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
BANK OF NEW YORK - Cmn 64057102 2,794,163 45,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
BELLSOUTH CORP - Cmn 79860102 3,222,000 48,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
BATTLE MOUNTAIN GOLD - Cmn 71593107 67,094 11,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
BATTLE MOUNTAIN GOLD 6.00 - CB 71593107 489,909 600 X
- ------------------------------------------------------------------------------------------------------------------------------------
BOSTON CHICKEN 0.000% CB - CB 100578AB9 450,925 8,488 X
- ------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS INC - Cmn 35229103 4,534,719 96,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHRYSLER CORP - Cmn 171196108 54,232,750 962,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMPUTER ASSOCIATE INTL - Cmn 204912109 516,731 9,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CANADIAN AIRLINES $175MM S - CB 134914AA8 3,015,000 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 71,665,730
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
BRUNSWICK CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BOISE CASCADE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BEI TECHNOLOGIES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BESTFOODS, INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BHI 35.000 STRIKE PUT 08/1 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
BANK OF NEW YORK - Cmn n/a X
- ---------------------------------------------------------------------------------
BELLSOUTH CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
BATTLE MOUNTAIN GOLD - Cmn n/a X
- ---------------------------------------------------------------------------------
BATTLE MOUNTAIN GOLD 6.00 - CB n/a n/a
- ---------------------------------------------------------------------------------
BOSTON CHICKEN 0.000% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
ANHEUSER BUSCH COS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CHRYSLER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COMPUTER ASSOCIATE INTL - Cmn n/a X
- ---------------------------------------------------------------------------------
CANADIAN AIRLINES $175MM S - CB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 5 of 28 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>
CONAGRA INC - Cmn 205887102 2,677,594 84,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
CONTINENTAL AIRLS INC - Cmn 210795308 517,438 8,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
CAMCO INTERNATIONAL INC - Cmn 132632100 26,765,638 343,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
CATERPILLAR INC - Cmn 149123101 3,206,119 60,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
COOPER INDUSTRIES - Cmn 216669101 3,340,200 60,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
CITICORP - Cmn 173034109 67,281,900 450,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
CROWN CORK & SEAL INC - Cmn 228255105 646,000 13,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB 20589TAA1 4,714,520 4,315 X
- -----------------------------------------------------------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB 126545AD4 17,973,974 18,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
CADENCE DESIGN SYS INC - Cmn 127387108 440,625 14,100 X
- -----------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED PAPERS, INC - Cmn 209759109 277,950 10,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT INC - Cmn 109473108 971,500 67,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB 153527AC0 12,813,122 9,995 X
- -----------------------------------------------------------------------------------------------------------------------------------
CRESTAR FINANCIAL CORP - Cmn 226091106 2,166,131 39,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 143,792,709
- -----------------------------------------------------------------------------------------------------------------------------------
</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>
CONAGRA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CONTINENTAL AIRLS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CAMCO INTERNATIONAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CATERPILLAR INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COOPER INDUSTRIES - Cmn n/a X
- ---------------------------------------------------------------------------------
CITICORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CROWN CORK & SEAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CONCENTRA MANAGED CARE 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CUC/CD INTL. 3% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CADENCE DESIGN SYS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CONSOLIDATED PAPERS, INC - Cmn n/a X
- ---------------------------------------------------------------------------------
BRIGHTPOINT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CENTRAL GARDEN & PET 6% - CB n/a n/a
- ---------------------------------------------------------------------------------
CRESTAR FINANCIAL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 6 of 28 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>
CHOCK FULL O'NUTS 7.000% C - CB 170268AC0 454,762 459 X
- ------------------------------------------------------------------------------------------------------------------------------------
CHIRON CORP - Cmn 170040109 506,706 32,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
CIGNA CORP. - Cmn 125509109 241,500 3,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLGATE PALMOLIVE CO - Cmn 194162103 1,795,200 20,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CELLSTAR CORP - Cmn 150925105 1,777,613 137,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CELLSTAR CORP. 5% - CB 150925AC9 1,247,846 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB - CB 141706AC5 15,226,921 13,835 X
- ------------------------------------------------------------------------------------------------------------------------------------
CLAYTON HOMES - Cmn 184190106 226,100 11,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB 225302AC2 2,950,503 3,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COMPTRONIX 6.000% CV PR DU - Pfd 20476C205 -- 44,544 X
- ------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn 125896100 752,400 17,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP - Cmn 147619100 73,260 2,344,305 X
- ------------------------------------------------------------------------------------------------------------------------------------
CINCINNATI MILACRON INC - Cmn 172172108 277,163 11,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES - Cmn 210149100 841,000 23,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 26,370,973
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
CHOCK FULL O'NUTS 7.000% C - CB n/a n/a
- ---------------------------------------------------------------------------------
CHIRON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CIGNA CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
COLGATE PALMOLIVE CO - Cmn n/a X
- ---------------------------------------------------------------------------------
CELLSTAR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CELLSTAR CORP. 5% - CB n/a n/a
- ---------------------------------------------------------------------------------
CAREMATRIX 6.25% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
CLAYTON HOMES - Cmn n/a X
- ---------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
COMPTRONIX 6.000% CV PR DU - Pfd n/a n/a
- ---------------------------------------------------------------------------------
CMS ENERGY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CASMYN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
CINCINNATI MILACRON INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CONSOLIDATED STORES - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 7 of 28 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>
COLUMBIA HCA HEALTHCARE - Cmn 197677107 771,813 26,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CONV COMM $160MM SR NOTE S - CB 211914AA4 1,890,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COVAD COMM $260MM SR DISC - CB 222814AA3 1,050,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW - Cmn 135923100 1,024,338 36,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CAMPBELL SOUP CO - Cmn 134429109 2,029,375 38,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% - CB 172755AC4 4,183,267 5,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
CABLETRON SYSTEMS - Cmn 126920107 146,469 10,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
CSX CORP - Cmn 126408103 1,415,050 31,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CUMMINS ENGINE - Cmn 231021106 1,009,625 19,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
CYGNUS THERAPEUTIC SYST - Cmn 232560102 1,493,606 143,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS - Cmn 232809103 581,675 43,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
DCN 55.000 STRIKE PUT 07/1 - Opt (P) 235811106 206,250 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
DU PONT DE NEMOURS & CO. - Cmn 263534109 1,732,750 23,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
DECORA INDS $112.75MM SR S - CB 243593AA8 4,850,000 5,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 22,384,217
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
COLUMBIA HCA HEALTHCARE - Cmn n/a X
- -----------------------------------------------------------------------------------------
CONV COMM $160MM SR NOTE S - CB n/a n/a
- -----------------------------------------------------------------------------------------
COVAD COMM $260MM SR DISC - CB n/a n/a
- -----------------------------------------------------------------------------------------
CANADIAN PAC LTD NEW - Cmn n/a X
- -----------------------------------------------------------------------------------------
CAMPBELL SOUP CO - Cmn n/a X
- -----------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% - CB n/a n/a
- -----------------------------------------------------------------------------------------
CABLETRON SYSTEMS - Cmn n/a X
- -----------------------------------------------------------------------------------------
CSX CORP - Cmn n/a X
- -----------------------------------------------------------------------------------------
CUMMINS ENGINE - Cmn n/a X
- -----------------------------------------------------------------------------------------
CYGNUS THERAPEUTIC SYST - Cmn n/a X
- -----------------------------------------------------------------------------------------
CYPRUS AMAX MINERALS - Cmn n/a X
- -----------------------------------------------------------------------------------------
DCN 55.000 STRIKE PUT 07/1 - Opt (P) n/a n/a
- -----------------------------------------------------------------------------------------
DU PONT DE NEMOURS & CO. - Cmn n/a X
- -----------------------------------------------------------------------------------------
DECORA INDS $112.75MM SR S - CB n/a n/a
- -----------------------------------------------------------------------------------------
COLUMN TOTALS
- -----------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 8 of 28 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 --------------------------------------
Number Value Principal (b) Shared
Amount (a) Sole As Defined (c) Shared-
in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
DOLLAR GEN CORP - Cmn 256669102 708,169 17,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
DAYTON HUDSON CORP - Cmn 239753106 1,261,000 26,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
DRESSER INDUSTRIES - Cmn 261597108 30,037,406 681,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
DSC COMMUNICATIONS - Cmn 233311109 7,500,000 250,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO - Cmn 254687106 1,691,506 16,100 X
- -----------------------------------------------------------------------------------------------------------------------------------
PHARMERICA INC - Cmn 717135107 229,188 19,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
DOVER CORP - Cmn 260003108 2,051,575 59,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM - Cmn 261878102 201,250 10,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
DUKE POWER COMPANY - Cmn 264399106 2,755,125 46,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% C - CB 26632SAA7 20,718,094 24,775 X
- -----------------------------------------------------------------------------------------------------------------------------------
ECHLIN INC - Cmn 278749106 63,371,578 1,291,650 X
- -----------------------------------------------------------------------------------------------------------------------------------
ELECTRONICS FOR IMAGING - Cmn 286082102 464,750 22,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
EMERSON ELECTRIC - Cmn 291011104 3,217,988 53,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
CLST 17.5 STRIKE PUT 112 - Opt (P) 150925105 1,100,000 2,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 135,307,628
- -----------------------------------------------------------------------------------------------------------------------------------
</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>
DOLLAR GEN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
DAYTON HUDSON CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
DRESSER INDUSTRIES - Cmn n/a X
- ---------------------------------------------------------------------------------
DSC COMMUNICATIONS - Cmn n/a X
- ---------------------------------------------------------------------------------
DISNEY WALT CO - Cmn n/a X
- ---------------------------------------------------------------------------------
PHARMERICA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
DOVER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM - Cmn n/a X
- ---------------------------------------------------------------------------------
DUKE POWER COMPANY - Cmn n/a X
- ---------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% C - CB n/a n/a
- ---------------------------------------------------------------------------------
ECHLIN INC - Cmn n/a X
- ---------------------------------------------------------------------------------
ELECTRONICS FOR IMAGING - Cmn n/a X
- ---------------------------------------------------------------------------------
EMERSON ELECTRIC - Cmn n/a X
- ---------------------------------------------------------------------------------
CLST 17.5 STRIKE PUT 112 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 9 of 28 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>
ESC MEDICAL SYS. 6% CB - CB 269025AB8 12,607,696 12,675 X
- ------------------------------------------------------------------------------------------------------------------------------
ENSCO INTL INC - Cmn 26874Q100 850,500 48,600 X
- ------------------------------------------------------------------------------------------------------------------------------
EATON CORP - Cmn 278058102 3,008,925 38,700 X
- ------------------------------------------------------------------------------------------------------------------------------
EVI INC - Cmn 26926D107 603,100 16,300 X
- ------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP - Cmn 302051107 659,050 39,200 X
- ------------------------------------------------------------------------------------------------------------------------------
FIRST COMMERCIAL CORP - Cmn 319825105 21,671,444 312,100 X
- ------------------------------------------------------------------------------------------------------------------------------
FIRST CHICAGO NBD CORP - Cmn 31945A100 17,459,125 197,000 X
- ------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn 31410H101 1,654,734 30,750 X
- ------------------------------------------------------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% - CB 31410HAF8 476,438 450 X
- ------------------------------------------------------------------------------------------------------------------------------
FDX CORPORATION - Cmn 31304N107 1,876,225 29,900 X
- ------------------------------------------------------------------------------------------------------------------------------
FORT JAMES CORP - Cmn 347471104 531,038 11,900 X
- ------------------------------------------------------------------------------------------------------------------------------
FLEET FINL GROUP INC - Cmn 338915101 1,561,450 18,700 X
- ------------------------------------------------------------------------------------------------------------------------------
FMC CORP - Cmn 302491303 702,331 10,300 X
- ------------------------------------------------------------------------------------------------------------------------------
FEDERAL NATL MTG - Cmn 313586109 3,128,625 51,500 X
- ------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 66,790,680
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------------------------------
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>
ESC MEDICAL SYS. 6% CB - CB n/a n/a
- --------------------------------------------------------------------------------------------
ENSCO INTL INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
EATON CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
EVI INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
EXIDE CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
FIRST COMMERCIAL CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
FIRST CHICAGO NBD CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
FEDERATED DEPT STORES - Cmn n/a X
- --------------------------------------------------------------------------------------------
FEDERATED DEPT. 8.125% - CB n/a n/a
- --------------------------------------------------------------------------------------------
FDX CORPORATION - Cmn n/a X
- --------------------------------------------------------------------------------------------
FORT JAMES CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
FLEET FINL GROUP INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
FMC CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
FEDERAL NATL MTG - Cmn n/a X
- --------------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 10 OF 28 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>
FPA MEDICAL MGMT. 6.5 REG - CB 302543AD5 377,971 3,519 X
- ------------------------------------------------------------------------------------------------------------------------------------
FLORIDA PROGRESS CORP - Cmn 341109106 715,575 17,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC. - Cmn 302571104 1,499,400 23,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
FRD ACQ $156.897MM SR - CB 30261WAA8 2,180,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FOREST LABORATORIES - CL - Cmn 345838106 650,650 18,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP - Cmn 336294103 370,328 17,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP.- Cmn 33761C103 1,084,525 28,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP. - Cmn 337358105 2,446,500 42,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
FUJI BANK NYSE ADR 1:10 - Cmn 359550209 6,675,047 149,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
FOSTER WHELLER CORP - Cmn 350244109 503,781 23,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO - Cmn 375766102 2,081,625 36,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL DYNAMICS - Cmn 369550108 1,520,550 32,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDEN WEST FINL CORP - Cmn 381317106 659,138 6,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC - Cmn 374276103 2,752,325 123,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 23,517,414
- ------------------------------------------------------------------------------------------------------------------------------------
<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>
FPA MEDICAL MGMT. 6.5 REG - CB n/a n/a
- ---------------------------------------------------------------------------------
FLORIDA PROGRESS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FPL GROUP INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
FRD ACQ $156.897MM SR - CB n/a n/a
- ---------------------------------------------------------------------------------
FOREST LABORATORIES - CL - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST SECURITY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
FIRSTAR CORP.- Cmn n/a X
- ---------------------------------------------------------------------------------
FIRST UNION CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
FUJI BANK NYSE ADR 1:10 - Cmn n/a X
- ---------------------------------------------------------------------------------
FOSTER WHELLER CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GILLETTE CO - Cmn n/a X
- ---------------------------------------------------------------------------------
GENERAL DYNAMICS - Cmn n/a X
- ---------------------------------------------------------------------------------
GOLDEN WEST FINL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GETTY IMAGES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 11 of 28 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>
GLOBAL INDUTRIES LTD - Cmn 379336100 187,313 11,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
CORNING INC - Cmn 219350105 357,925 10,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP - Cmn 373298108 471,500 8,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL PUBLIC UTILITIES - Cmn 36225X100 949,094 25,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
TCGI 50.000 STRIKE CALL O - Opt (C) 879463107 987,344 2,225 X
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL SIGNAL - Cmn 370838104 1,206,000 33,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE - Cmn 382550101 2,577,500 40,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
GTE CORP - Cmn 362320103 2,592,125 46,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
GRAND UNION $595.5MM NOTES - CB 386532AJ4 1,165,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
GRAINGER W W INC - Cmn 384802104 1,369,844 27,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
GENCORP INC. - Cmn 368682100 343,400 13,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
HOLLINGER INTL 9.750% CV - Pfd 435569207 467,775 29,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% - CB 403917AD9 1,245,119 1,750 X
- ------------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 475% PCB 40425PAA5 19,871,972 17,492 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 33,791,911
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
GLOBAL INDUSTRIES LTD - Cmn n/a X
- ---------------------------------------------------------------------------------
CORNING INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GEORGIA-PACIFIC CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GENERAL PUBLIC UTILITIES - Cmn n/a X
- ---------------------------------------------------------------------------------
TCGI 50.000 STRIKE CALL 0 - Opt (C) n/a n/a
- ---------------------------------------------------------------------------------
GENERAL SIGNAL - Cmn n/a X
- ---------------------------------------------------------------------------------
GOODYEAR TIRE - Cmn n/a X
- ---------------------------------------------------------------------------------
GTE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
GRAND UNION $595.5MM NOTES - CB n/a n/a
- ---------------------------------------------------------------------------------
GRAINGER W W INC - Cmn n/a X
- ---------------------------------------------------------------------------------
GENCORP INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
HOLLINGER INTL 9.750% CV - Pfd) n/a n/a
- ---------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% - CB n/a n/a
- ---------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% PCB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 12 of 28 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>
HERCULES INC. - Cmn 427056106 1,307,775 31,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
BLOCK H & R INC - Cmn 93671105 724,550 17,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
HERSHEY FOODS CORP - Cmn 427866108 2,760,000 40,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
HUMANA INCORP - Cmn 444859102 7,803,113 250,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
HYPERCOM CORP - Cmn 44913M105 220,000 22,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ICON HLT & FITNESS $101.25 - CB 44929HAB4 2,575,000 2,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ICON 162MM 0/14% SR. DISC - CB 451039AB7 1,760,000 4,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTL FLAVORS & FRAG - Cmn 459506101 1,159,781 26,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL GAME TECH - Cmn 459902102 429,225 17,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
INGRAM MICRO INC - CL A - Cmn 457153104 3,495,750 79,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
IMAGYN $109.8MM SR - CB 45244EAA8 1,375,000 2,750 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 70.000 STRIKE PUT 01/ - Opt (P) 4.5244E+104 250,000 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 85.000 STRIKE PUT 07 - Opt (P) 458140100 537,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTEL - Cmn 458140100 6,782,438 91,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,180,131
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
HERCULES INC. - Cmn n/a X
- ---------------------------------------------------------------------------------
BLOCK H & R INC - Cmn n/a X
- ---------------------------------------------------------------------------------
HERSHEY FOODS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
HUMANA INCORP - Cmn n/a X
- ---------------------------------------------------------------------------------
HYPERCOM CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ICON HLT & FITNESS $101.25 - CB n/a n/a
- ---------------------------------------------------------------------------------
ICON 162MM 0/14% SR. DISC - CB n/a n/a
- ---------------------------------------------------------------------------------
INTL FLAVORS & FRAG - Cmn n/a X
- ---------------------------------------------------------------------------------
INTERNATIONAL GAME TECH - Cmn n/a X
- ---------------------------------------------------------------------------------
INGRAM MICRO INC - CL A - Cmn n/a X
- ---------------------------------------------------------------------------------
IMAGYN $109.8MM SR - CB n/a n/a
- ---------------------------------------------------------------------------------
INTC 70.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
INTC 85.000 STRIKE PUT 07 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
INTEL - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 13 of 28 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>
IONICS INC - Cmn 462218108 250,750 6,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO - Cmn 460146103 4,876,200 113,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
INGERSOLL RAND CO - Cmn 456866102 771,094 17,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CO - Cmn 460254105 152,150 17,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERIM SERVICES INC 4.5% - CB 45868PAA8 1,076,559 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTERSOLV - Cmn 46070J106 1,127,588 70,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
IMAGING TECHNOLOGIES - Cmn 45244U104 533,475 137,671 X
- ------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS TOOL WKS INC - Cmn 452308109 1,046,994 15,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC - Cmn 708160106 2,639,406 36,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB 805897AA3 1,290,240 1,344 X
- ------------------------------------------------------------------------------------------------------------------------------------
JACKSON PRODUCTS $115MM S - CB 468694AA2 995,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO - Cmn 616880100 6,239,431 53,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
JTS CORPORATION - Cmn 465940104 1,439 23,976 X
- ------------------------------------------------------------------------------------------------------------------------------------
KELLOGG CO - Cmn 487836108 633,150 16,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 21,633,476
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
IONICS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
INTERNAITONAL PAPER CO - Cmn n/a X
- ---------------------------------------------------------------------------------
INGERSOLL RAND CO - Cmn n/a X
- ---------------------------------------------------------------------------------
INTERNATIONAL RECTIFIER CO - Cmn n/a X
- ---------------------------------------------------------------------------------
INTERIM SERVICES INC 4.5% - CB n/a n/a
- ---------------------------------------------------------------------------------
INTERSOLV - Cmn n/a X
- ---------------------------------------------------------------------------------
IMAGING TECHNOLOGIES - Cmn n/a X
- ---------------------------------------------------------------------------------
ILLLINOIS TOOL WKS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PENNEY J C INC - Cmn n/a X
- ---------------------------------------------------------------------------------
HARLAND (JOHN H.) CO - CB n/a n/a
- ---------------------------------------------------------------------------------
JACKSON PRODUCTS $115MM S - CB n/a n/a
- ---------------------------------------------------------------------------------
MORGAN J P & CO - Cmn n/a X
- ---------------------------------------------------------------------------------
JTS CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
KELLOGG CO - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 14 of 28 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>
KEY ENERGY GROUP INC - Cmn 492914106 191,625 14,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
KOO KOO ROO INC -Cmn 500485107 24,469 14,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
K MART 7.750% CV PR - Pfd 498778208 18,636,762 267,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP - Cmn 494368103 1,715,725 37,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
KEMET CORP - Cmn 488360108 156,559 11,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP - Cmn 492386107 1,632,075 28,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
KENNAMETAL INC - Cmn 489170100 304,775 7,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
MBNA CORP - Cmn 55262L100 1,001,794 30,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
KING WORLD PRODTNS INC - Cmn 495667107 242,250 9,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL 0 - Opt (C) 03783310 768,750 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
LEGGETT & PLATT INC - Cmn 524660107 222,500 8,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
LENNAR CORP - Cmn 526057104 274,350 9,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
LEVL ONE COMM 4% REG CB - CB 527295AC3 14,072,853 12,865 X
- ------------------------------------------------------------------------------------------------------------------------------------
LITTON INDUSTRIES INC - Cmn 538021106 879,100 14,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 40,123,587
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
KEY ENERGY GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
KOO KOO ROO INC - Cmn n/a X
- ---------------------------------------------------------------------------------
K MART 7.750% CV PR - Pfd n/a n/a
- ---------------------------------------------------------------------------------
KIMBERLY CLARK CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
KEMET CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
KERR MCGEE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
KENNAMETAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MBNA CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
KING WORLD PRODTNS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
AAPL 15.000 STRIKE CALL 0 -Opt (C) n/a n/a
- ---------------------------------------------------------------------------------
LEGGETT & PLATT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
LENNAR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LEVL ONE COMM 4% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
LITTON INDUSTRIES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 15 OF 28 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>
LINEAR TECHNOLOGY CORP - Cmn 5357678106 2,129,031 35,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
ELI LILLY - Cmn 532457108 2,126,625 32,100 X
- ------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd G56462149 37,616,659 493,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% 144 - Pfd 543885404 8,564,063 112,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
LOWE'S COMPANIES - Cmn 548661107 1,087,075 26,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn 546347105 728,175 39,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
LA QUINTA INNS INC - Cmn 504195108 39,440,580 1,789,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) 172755100 412,500 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
LSI LOGIC CORP. - Cmn 502161102 816,413 35,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
LOEWS CORP. - Cmn 540424108 1,089,063 12,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
LUBRIZOL CORP - Cmn 549271104 674,575 22,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
MCI COMMUNICATIONS - Cmn 552673105 27,900,000 480,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MCN ENERGY GROUP INC - Cmn 55267J100 432,500 17,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
MCDERMOTT INC - Cmn 580037109 513,119 14,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 123,530,376
- ------------------------------------------------------------------------------------------------------------------------------------
<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>
- ---------------------------------------------------------------------------------
LINEAR TECHNOLOGY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ELI LILLY - Cmn n/a X
- ---------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% - Pfd n/a n/a
- ---------------------------------------------------------------------------------
LORAL SPACE & COMM. 6% 144 - Pfd n/a n/a
- ---------------------------------------------------------------------------------
LOWE'S COMPANIES - Cmn n/a X
- ---------------------------------------------------------------------------------
LOUISIANA PAC CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
LA QUINTA INNS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
CRUS 10.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
LSI LOGIC CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
LOEWS CORP. - Cmn n/a X
- ---------------------------------------------------------------------------------
LUBRIZOL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MCI COMMUNICATIONS - Cmn n/a X
- ---------------------------------------------------------------------------------
MCN ENERGY GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MCDERMOTT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS n/a X
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 28 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 --------------------------------------
Number Value Principal (b) Shared
Amount (a) Sole As Defined (c) Shared-
in Instr. V Other
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MDSI MOBILE DATA SOLUTION - Cmn 55268N100 177,625 14,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
EMERGING MEXICO FUND INC - Cmn 290891100 2,246,313 283,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MARYLAND FED BANCORP - Cmn 574061107 5,143,325 129,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
MAGNA GROUP INC - Cmn 559214101 24,650,950 436,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
MICRION CORP - Cmn 59479P102 151,875 15,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP - Cmn 601073109 215,275 7,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
MALLINCKRODT INC - Cmn 561232109 970,781 32,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
MALLON RESOURCES CORP - Cmn 561240201 180,000 15,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Cmn 65332Y107 1,646,500 74,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
MOBIL CORP - Cmn 607059102 1,877,313 24,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
MARSHALL & ILSLEY CORP - Cmn 571834100 653,600 12,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
MONSANTO CO - Cmn 611662107 257,025 4,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
MGIC INV CORP - Cmn 552848103 2,077,075 36,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
MERCANTILE BANCORP - Cmn 587342106 397,963 7,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 40,645,619
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
MDSI MOBILE DATA SOLUTION - Cmn n/a X
- ---------------------------------------------------------------------------------
EMERGING MEXICO FUND INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MARYLAND FED BANCORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MAGNA GROUP INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MICRION CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MILLIPORE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MALLINCKRODT INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MALLON RESOURCES CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NEXTEL 7.25% DEBT PERC - Cmn n/a X
- ---------------------------------------------------------------------------------
MOBIL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MARSHALL & ILSLEY CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MONSANTO CO - Cmn n/a X
- ---------------------------------------------------------------------------------
MGIC INV CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
MERCANTILE BANCORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 17 of 28 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 --------------------------------------
Number Value Principal (b) Shared
Amount (a) Sole As Defined (c) Shared-
in Instr. V Other
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MICROTOUCH SYSTEMS INC - Cmn 595145103 464,063 25,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY - Cmn 595112103 674,900 27,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
MYLEX CORP - Cmn 628546103 303,750 45,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% - CB 628874AC3 6,979,856 6,450 X
- -----------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID DU - CB 640938AB2 9,366,884 20,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHN CORP - Cmn 655844108 1,872,225 62,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SURGERY CTRS - Cmn 638044107 17,391,000 598,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR - Cmn 637640103 521,063 39,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
NORTHERN STS PWR CO - Cmn 665772109 626,888 21,900 X
- -----------------------------------------------------------------------------------------------------------------------------------
HNCS 30.000 STRIKE PUT 01 - Opt (P) 40425P107 281,250 1,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP - Cmn 670346105 892,400 19,400 X
- -----------------------------------------------------------------------------------------------------------------------------------
NEUREX CORP - Cmn 641238100 9,051,750 298,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 12/ - Opt (P) 640938106 281,250 1,500 X
- -----------------------------------------------------------------------------------------------------------------------------------
ORTHODONTIC CTRS AMER INC - Cmn 68750P103 8,389,656 400,700 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 57,096,934
- -----------------------------------------------------------------------------------------------------------------------------------
</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>
MICROTOUCH SYSTEMS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
MICRON TECHNOLOGY - Cmn n/a X
- ---------------------------------------------------------------------------------
MYLEX CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% - CB n/a n/a
- ---------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID DU - CB n/a n/a
- ---------------------------------------------------------------------------------
NORFOLK SOUTHN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NATIONAL SURGERY CTRS - Cmn n/a X
- ---------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR - Cmn n/a X
- ---------------------------------------------------------------------------------
NORTHERN STS PWR CO - Cmn n/a X
- ---------------------------------------------------------------------------------
HNCS 30.000 STRIKE PUT 01 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
NUCOR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NEUREX CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 12/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ORTHODONTIC CTRS AMER INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 18 of 28 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>
OMNICARE, INC. 5% CB - CB 681904AD0 1,174,423 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
OGE ENERGY - Cmn 670837103 202,500 7,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB - CB 685564AC0 27,828,052 18,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 - CB 682180AA2 518,760 524 X
- ------------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO - Cmn 718507106 4,129,669 85,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
PEP BOYS - Cmn 713278109 1,083,225 57,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
PACCAR INC - Cmn 693718108 1,379,400 26,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
P-COM INC - Cmn 693262107 173,969 19,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
PRESLEY COS $200MM ($180MM - CB 741030AA8 2,820,000 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC - Cmn 741932107 977,294 57,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
PDE 25.000 STRIKE PUT 10/ - Opt (P) 741932107 412,500 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
PUBLIC SVC ENTERPRISES - Cmn 744573106 1,143,325 33,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
PEPSICO INC - Cmn 713448108 2,084,088 50,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO - Cmn 743315103 3,384,000 24,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 47,311,203
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
OMNICARE, INC. 5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
OGE ENERGY - Cmn n/a X
- ---------------------------------------------------------------------------------
ORBITAL 5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 - CB n/a n/a
- ---------------------------------------------------------------------------------
PHILLIPS PETE CO - Cmn n/a X
- ---------------------------------------------------------------------------------
PEP BOYS - Cmn n/a X
- ---------------------------------------------------------------------------------
PACCAR INC - Cmn n/a X
- ---------------------------------------------------------------------------------
P-COM INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PRESLEY COS $200MM ($180MM - CB n/a n/a
- ---------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PDE 25.000 STRIKE PUT 10/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
PUBLIC SVC ENTERPRISES - Cmn n/a X
- ---------------------------------------------------------------------------------
PEPSICO INC - Cmn n/a X
- ---------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 19 of 28 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>
PARKER HANNIFIN - Cmn 701094104 720,563 18,900 X
- ----------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO - Cmn 701081101 518,388 73,400 X
- ----------------------------------------------------------------------------------------------------------------------------------
PARK PETROCHEMICAL CORP - Cmn 700416209 274,625 13,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
PERKIN-ELMER CORP - Cmn 714041100 914,218 14,701 X
- ----------------------------------------------------------------------------------------------------------------------------------
PHOTRONICS INC - Cmn 719405102 1,209,025 54,800 X
- ----------------------------------------------------------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV - CB 72764TAA9 10,194,505 4,761 X
- ----------------------------------------------------------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB 71623PAC6 1,660,000 1,500 X
- ----------------------------------------------------------------------------------------------------------------------------------
PNC BK CORP - Cmn 693475105 4,994,213 92,700 X
- ----------------------------------------------------------------------------------------------------------------------------------
PINNACLE WEST - Cmn 723484101 427,500 9,500 X
- ----------------------------------------------------------------------------------------------------------------------------------
PACIFICORP - Cmn 695114108 1,027,175 45,400 X
- ----------------------------------------------------------------------------------------------------------------------------------
PLAB 30.000 STRIKE PUT 12 - Opt (P) 719405102 225,000 250 X
- ----------------------------------------------------------------------------------------------------------------------------------
PLAB 35.000 STRIKE PUT 12/ - Opt (P) 719405102 662,500 500 X
- ----------------------------------------------------------------------------------------------------------------------------------
PREMIERE TECH 5.75 REG CB - CB 74058FAC6 1,956,390 3,117 X
- ----------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC - Cmn 74005P104 1,020,513 21,800 X
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 25,804,612
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------------------------------
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>
PARKER HANNIFIN - Cmn n/a X
- --------------------------------------------------------------------------------------------
PARKER DRILLING CO - Cmn n/a X
- --------------------------------------------------------------------------------------------
PARK PETROCHEMICAL CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
PERKIN-ELMER CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
PHOTRONICS INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
PLATINUM TECH 6.75% CV - CB n/a n/a
- --------------------------------------------------------------------------------------------
PETERSBURG LONG DISTANCE - CB n/a n/a
- --------------------------------------------------------------------------------------------
PNC BK CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
PINNACLE WEST - Cmn n/a X
- --------------------------------------------------------------------------------------------
PACIFICORP - 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
- --------------------------------------------------------------------------------------------
PREMIERE TECH 5.75 REG CB - CB n/a n/a
- --------------------------------------------------------------------------------------------
PRAXAIR INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 20 of 28 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>
ALKS 22.500 STRIKE PUT 08/ - Opt (P) 01642T108 240,625 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT 02/ - Opt (P) 053762100 218,750 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
CELL 17.500 STRIKE PUT 12 - Opt (P) 109473108 328,125 700 X
- ------------------------------------------------------------------------------------------------------------------------------------
TALK 15.000 STRIKE CALL 01 - Opt (P) 879176105 637,500 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB 748767AA8 651,552 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB 748767AC4 31,327,929 24,041 X
- ------------------------------------------------------------------------------------------------------------------------------------
QUST 5.7500 STRIKE 03/10/2 - Cmn 748372117 80,234 32,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
WIND 35.000 STRIKE PUT 11/ -Opt (P) 973149107 285,938 750 X
- ------------------------------------------------------------------------------------------------------------------------------------
CCMC 30.000 STRIKE PUT 11/ - Opt (P) 20589T103 253,125 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
ROYAL DUTCH PETRO NY SHARE - Cmn 780257804 3,886,206 70,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC - Cmn 779382100 1,856,281 95,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
READ-RITE CORP - Cmn 755246105 290,000 32,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
RECYCLING IND $50MM SR SUB - CB 756285AD4 3,015,000 3,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
REYNOLDS & REYNOLDS - CL - Cmn 761695105 589,275 32,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,660,540
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
ALKS 22.500 STRIKE PUT 08/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
AVIR 30.000 STRIKE PUT 02/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CELL 17.500 STRIKE PUT 12 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
TALK 15.000 STRIKE CALL 01 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
QUINTILES TRANSNATNL 4.25 - CB n/a n/a
- ---------------------------------------------------------------------------------
QUINTILES TRANSNATL 4.25% - CB n/a n/a
- ---------------------------------------------------------------------------------
QUST 5.7500 STRIKE 03/10/2 - Cmn n/a X
- ---------------------------------------------------------------------------------
WIND 35.000 STRIKE PUT 11/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
CCMC 30.000 STRIKE PUT 11/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ROYAL DUTCH PETRO NY SHARE - Cmn n/a X
- ---------------------------------------------------------------------------------
ROWAN COS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
READ-RITE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
RECYCLING IND $50MM SR SUB - CB n/a n/a
- ---------------------------------------------------------------------------------
REYNOLDS & REYNOLDS - CL - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 21 of 28 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>
ROBERT HALF INTL INC - Cmn 770323103 625,800 11,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC NEW YORK CORP - Cmn 760719104 805,600 12,800 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROHM & HAAS CO - Cmn 775371107 945,263 9,100 X
- -----------------------------------------------------------------------------------------------------------------------------------
REMINGTON OIL SERIES A - Cmn 759594104 120,000 19,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROSS STORES INC - Cmn 778296103 227,900 5,300 X
- -----------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB 760943AC4 10,016,309 8,780 X
- -----------------------------------------------------------------------------------------------------------------------------------
RAYCHEM CORP - Cmn 754603108 845,488 28,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
ROYAL OAK MINES $175MM SR - CB 78051DAA3 485,550 585 X
- -----------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO - Cmn 812387108 977,000 16,000 X
- -----------------------------------------------------------------------------------------------------------------------------------
SCI SYSTEMS 5.000% CB - CB 783890AD8 10,939,657 6,760 X
- -----------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB 871873AB1 10,858,290 8,923 X
- -----------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP - Cmn 81211K100 2,668,050 72,600 X
- -----------------------------------------------------------------------------------------------------------------------------------
SEPRACOR INC 7% 144A CB - CB 817315AA2 4,595,475 2,130 X
- -----------------------------------------------------------------------------------------------------------------------------------
SINGER CO N V - Cmn 82930F109 86,925 12,200 X
- -----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 44,197,306
- -----------------------------------------------------------------------------------------------------------------------------------
</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>
ROBERT HALF INTL INC - Cmn n/a X
- ---------------------------------------------------------------------------------
REPUBLIC NEW YORK CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ROHM & HAAS CO - Cmn n/a X
- ---------------------------------------------------------------------------------
REMINGTON OIL SERIES A - Cmn n/a X
- ---------------------------------------------------------------------------------
ROSS STORES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
RAYCHEM CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
ROYAL OAK MINES $175MM SR - CB n/a n/a
- ---------------------------------------------------------------------------------
SEARS ROEBUCK & CO - Cmn n/a X
- ---------------------------------------------------------------------------------
SCI SYSTEMS 5.000% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% - CB n/a n/a
- ---------------------------------------------------------------------------------
SEALED AIR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
SEPRACOR INC 7% 144A CB - CB n/a n/a
- ---------------------------------------------------------------------------------
SINGER CO N V - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 22 of 28 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>
SUN HEALTHCARE GROUP - Cmn 866933104 713,700 48,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
SCHERER (R P)/ - Cmn 806528105 28,749,950 324,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
SMITH INTL - Cmn 832110100 2,029,569 58,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
SAFETY-KLEEN CORP - Cmn 78648R104 4,719,960 1,302,058 X
- ------------------------------------------------------------------------------------------------------------------------------------
SARA LEE CORP - Cmn 803111103 4,732,313 84,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
SMART MODULAR TECHNOLGS - Cmn 831690102 321,750 22,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SNAP ON IN - Cmn 833034101 1,051,250 29,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN NEW ENG TELECOMM - Cmn 843485103 24,280,850 370,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
SUNBEAM-OSTER INC - Cmn 867071102 208,750 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT 01/ - Opt (P) 867071102 575,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ST PAUL COS INC - Cmn 792860108 2,136,775 50,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPFD 11.125% $150MM SR NO - CB 847499AF7 1,970,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPEC FOODS $200MM SR SUB - CB 847499AD2 3,640,000 4,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM - CB 85207FAB4 4,262,500 5,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 79,392,367
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
SUN HEALTHCARE GROUP - Cmn n/a X
- ---------------------------------------------------------------------------------
SCHERER (R P)/ - Cmn n/a X
- ---------------------------------------------------------------------------------
SMITH INTL - Cmn n/a X
- ---------------------------------------------------------------------------------
SAFETY-KLEEN CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
SARA LEE CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
SMART MODULAR TECHNOLGS - Cmn n/a X
- ---------------------------------------------------------------------------------
SNAP ON IN - Cmn n/a X
- ---------------------------------------------------------------------------------
SOUTHERN NEW ENG TELECOMM - Cmn n/a X
- ---------------------------------------------------------------------------------
SUNBEAM-OSTER INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SOC 15.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
ST PAUL COS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SPFD 11.125% $150MM SR NO - CB n/a n/a
- ---------------------------------------------------------------------------------
SPEC FOODS $200MM SR SUB - CB n/a n/a
- ---------------------------------------------------------------------------------
SPRINT SPECTRUM $500MM - CB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 23 of 28 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>
S&P 500 INDEX 1075xPUT EX - Opt (P) 0 355,000 200 X
- ------------------------------------------------------------------------------------------------------------------------------------
S&P 500 INDEX 1100X PUTS E - Opt (P) 0 232,500 100 X
- ------------------------------------------------------------------------------------------------------------------------------------
STRATUS COMPUTER INC - Cmn 863155107 341,719 13,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
SW ROYALTIES INC $200MM - CB 84522BAC2 850,000 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
LONE STAR STEAKHOUSE - Cmn 542307103 363,269 26,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
STATESMAN GROUP ESCROW PEN - Cmn 857645998 -- 20,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
STATION CASINOS INC - Cmn 857689103 6,792,969 462,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
SUN CO - Cmn 866762107 764,606 19,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
STILLWATER MINING 7% - CB 86074QAC6 5,497,204 4,755 X
- ------------------------------------------------------------------------------------------------------------------------------------
STANLEY WKS - Cmn 854616109 1,105,563 26,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP - Cmn 871829107 553,500 21,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEL-SAVE 4.5% REG CB DUE 9 - CB 879176AC9 20,010,375 25,410 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% - CB 88355KAA9 3,162,775 3,075 X
- ------------------------------------------------------------------------------------------------------------------------------------
TCF FINANCIAL CORP - Cmn 872275102 206,500 7,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 40,235,979
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
S&P 500 INDEX 1075X PUT EX - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
S&P 500 INDEX 1100X PUTS E - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
STRATUS COMPUTER INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SW ROYALTIES INC $200MM - CB n/a n/a
- ---------------------------------------------------------------------------------
LONE STAR STEAKHOUSE - Cmn n/a X
- ---------------------------------------------------------------------------------
STATESMAN GROUP ESCROW PEN - Cmn n/a X
- ---------------------------------------------------------------------------------
STATION CASINOS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
SUN CO - Cmn n/a X
- ---------------------------------------------------------------------------------
STILLWATER MINING 7% - CB n/a n/a
- ---------------------------------------------------------------------------------
STANLEY WKS - Cmn n/a X
- ---------------------------------------------------------------------------------
SYSCO CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
TEL-SAVE 4.5% REG CB DUE 9 - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% - CB n/a n/a
- ---------------------------------------------------------------------------------
TCF FINANCIAL CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 24 of 28 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>
TELEPORT COMM GROUP - CL A - Cmn 879463107 52,402,903 965,952 X
- ------------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG - CB 878732AD8 3,015,538 3,850 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Pfd 872294202 18,833,569 90,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELEPHONE & DATA - Cmn 879433100 543,375 13,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC - Cmn 879131100 304,225 8,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
TERADYNE INC - Cmn 880770102 1,570,225 58,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB - CB 88355WAA3 2,052,107 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
TFT 4.5% REG S CB - CB 88355W105 2,560,004 2,495 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB 88355W105 1,501,563 775 X
- ------------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC - Cmn 879868107 1,589,313 29,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
TIMKEN CO - Cmn 887389104 1,156,300 37,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
THERMEDICS INC 2.875% (PRO - CB 883901100 2,628,000 2,628 X
- ------------------------------------------------------------------------------------------------------------------------------------
THOMAS & BETTS CORP - Cmn 884315102 265,950 5,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
TOYS R US INC - Cmn 892335100 956,250 40,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 89,379,322
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
TELEPORT COMM GROUP - CL A - Cmn n/a X
- ---------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG - CB n/a n/a
- ---------------------------------------------------------------------------------
TELE-COMMUNICATIONS - Pfd n/a n/a
- ---------------------------------------------------------------------------------
TELEPHONE & DATA - Cmn n/a X
- ---------------------------------------------------------------------------------
TEKTRONIX INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TERADYNE INC - Cmn n/a X
- ---------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
TFT 4.5% REG S CB - CB n/a n/a
- ---------------------------------------------------------------------------------
THERMO INSTRUMENT SYST - CB n/a n/a
- ---------------------------------------------------------------------------------
TEMPLE INLAND INC - Cmn n/a X
- ---------------------------------------------------------------------------------
TIMKEN CO - Cmn n/a X
- ---------------------------------------------------------------------------------
THERMEDICS INC 2.875% (PRO-CB n/a n/a
- ---------------------------------------------------------------------------------
THOMAS & BETTS CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
TOYS R US INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 25 of 28 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>
TRIBUNE CO NEW - Cmn 896047107 1,011,544 14,700 X
- ----------------------------------------------------------------------------------------------------------------------------------
TRANS FINL BANCORP INC - Cmn 89323N102 17,292,825 301,400 X
- ----------------------------------------------------------------------------------------------------------------------------------
TRINITY INDUSTRIES - Cmn 896522109 589,300 14,200 X
- ----------------------------------------------------------------------------------------------------------------------------------
TESORO PETROLEUM 7.25% CV - Pfd 881609408 1,650,000 100,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC - Cmn 891707101 1,097,600 25,600 X
- ----------------------------------------------------------------------------------------------------------------------------------
TWR 25.000 STRIKE PUT 11/ - Opt (P) 891707101 335,000 400 X
- ----------------------------------------------------------------------------------------------------------------------------------
TEXACO INC - Cmn 881694103 3,820,000 64,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNION CAMP - Cmn 905530101 2,332,375 47,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP - Cmn 915289102 1,758,900 49,200 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNIFI COMM $175MM SR NOTES - CB 90467NAE6 887,500 5,000 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNUM CORP - Cmn 903192102 1,104,450 19,900 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNION PAC CORP - Cmn 907818108 1,575,200 35,800 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORP - Cmn 909205106 484,155 30,740 X
- ----------------------------------------------------------------------------------------------------------------------------------
UNITED STATES SURGICAL COR - Cmn 912707106 12,128,738 267,300 X
- ----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 46,067,586
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------
(SEC USE ONLY)
- --------------------------------------------------------------------------------------------
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>
TRIBUNE CO NEW - Cmn n/a X
- --------------------------------------------------------------------------------------------
TRANS FINL BANCORP INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
TRINITY INDUSTRIES - Cmn n/a X
- --------------------------------------------------------------------------------------------
TESORO PETROLEUM 7.25% CV - Pfd n/a n/a
- --------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
TWR 25.000 STRIKE PUT 11/ - Opt (P) n/a n/a
- --------------------------------------------------------------------------------------------
TEXACO INC - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNION CAMP - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNOCAL CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNIFI COMM $175MM SR NOTES - CB n/a n/a
- --------------------------------------------------------------------------------------------
UNUM CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNION PAC CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNISOURCE ENERGY CORP - Cmn n/a X
- --------------------------------------------------------------------------------------------
UNITED STATES SURGICAL COR - Cmn n/a X
- --------------------------------------------------------------------------------------------
COLUMN TOTALS
- --------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 26 of 28 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>
USA WASTE SERVICES 4.500% - CB 913174AD0 2,512,404 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
AOL 90.000 STRIKE PUT 01/ - Opt (P) 02364J104 1,068,750 1,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
VARIAN ASSOCIATES INC - Cmn 922204102 982,800 25,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
V F CORP - Cmn 918204108 269,100 5,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
RDRT 10.000 STRIKE PUT 01/ - Opt (P) 755246105 237,500 1,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
VIKING OFFICE PRODS INC - Cmn 926913104 7,571,886 241,335 X
- ------------------------------------------------------------------------------------------------------------------------------------
VLSI TECHNOLOGY - Cmn 918270109 1,253,559 74,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
INTC 80.000 STRIKE PUT 01 - Opt (P) 458140100 525,000 500 X
- ------------------------------------------------------------------------------------------------------------------------------------
VANTIVE CORP. 4.75% REG CB - CB 922091AC7 18,987,500 21,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY - Cmn 928298108 532,744 29,700 X
- ------------------------------------------------------------------------------------------------------------------------------------
VANSTAR CORPORATION - Cmn 92208M108 192,563 13,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
WESTERN ATLAS INC - Cmn 957674104 5,092,500 60,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB - CB 98141AAC5 13,690,473 13,415 X
- ------------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB - CB 973149AC1 26,630,112 26,675 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 79,546,891
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
USA WASTE SERVICES 4.500% - CB n/a n/a
- ---------------------------------------------------------------------------------
AOL 90.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
VARIAN ASSOCIATES INC - Cmn n/a X
- ---------------------------------------------------------------------------------
V F CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
RDRT 10.000 STRIKE PUT 01/ - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
VIKING OFFICE PRODS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
VLSI TECHNOLOGY - Cmn n/a X
- ---------------------------------------------------------------------------------
INTC 80.000 STRIKE PUT 01 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
VANTIVE CORP. 4.75% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY - Cmn n/a X
- ---------------------------------------------------------------------------------
VANSTAR CORPORATION - Cmn n/a X
- ---------------------------------------------------------------------------------
WESTERN ATLAS INC - Cmn n/a X
- ---------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
WIND RIVER 5% REG CB - CB n/a n/a
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 27 of 28 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>
WITCO CORP - Cmn 977385103 912,600 31,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC - Cmn 949702104 247,294 10,900 X
- ------------------------------------------------------------------------------------------------------------------------------------
WRIGHT MEDICAL 11.75% SR - CB 982351AE8 1,960,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
WMS INDUSTRIES - Cmn 929297109 3,192,131 762,300 X
- ------------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT - Cmn 97106K101 15,365,000 439,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
ARSW 40.000 STRIKE PUT 08 - Opt (P) 038918108 568,750 650 X
- ------------------------------------------------------------------------------------------------------------------------------------
TELULAR CORP - Cmn 87970T109 984,351 508,052 X
- ------------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO - Cmn 962166104 3,981,363 86,200 X
- ------------------------------------------------------------------------------------------------------------------------------------
USX CORP - Cmn 90337T101 1,108,800 33,600 X
- ------------------------------------------------------------------------------------------------------------------------------------
XILINX INC 5.250% CB - CB 983919AB7 22,283,384 23,444 X
- ------------------------------------------------------------------------------------------------------------------------------------
360 COMMUNICATIONS CO - Cmn 885571109 30,700,250 926,800 X
- ------------------------------------------------------------------------------------------------------------------------------------
YORK INTL - Cmn 986670107 714,425 16,400 X
- ------------------------------------------------------------------------------------------------------------------------------------
ZILA INC - Cmn 989513205 1,395,625 192,500 X
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 83,413,972
- ------------------------------------------------------------------------------------------------------------------------------------
</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>
WITCO CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
WELLMAN INC - Cmn n/a X
- ---------------------------------------------------------------------------------
WRIGHT MEDICAL 11.75% SR - CB n/a n/a
- ---------------------------------------------------------------------------------
WMS INDUSTRIES - Cmn n/a X
- ---------------------------------------------------------------------------------
WASTE MANAGEMENT - Cmn n/a X
- ---------------------------------------------------------------------------------
ARSW 40.000 STRIKE PUT 08 - Opt (P) n/a n/a
- ---------------------------------------------------------------------------------
TELULAR CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
WEYERHAEUSER CO - Cmn n/a X
- ---------------------------------------------------------------------------------
USX CORP - Cmn n/a X
- ---------------------------------------------------------------------------------
XILINX INC 5.250% CB - CB n/a n/a
- ---------------------------------------------------------------------------------
360 COMMUNICATIONS CO - Cmn n/a X
- ---------------------------------------------------------------------------------
YORK INTL - Cmn n/a X
- ---------------------------------------------------------------------------------
ZILA INC - Cmn n/a X
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 28 of 28 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>
DISC ZONE $85MM SR SECD - CB 25468BAF4 1,760,000 2,000 X
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 1,760,000
- ------------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 1,751,691,906
- ------------------------------------------------------------------------------------------------------------------------------------
<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>
- ---------------------------------------------------------------------------------
DISC ZONE $85MM SR SECD - CB n/a n/a
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------
COLUMN TOTALS
- ---------------------------------------------------------------------------------
LONG MARKET VALUE
- ---------------------------------------------------------------------------------
</TABLE>
