<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: JUNE 30, 2000
Check here if Amendment [_]; Amendment Number: ___________
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: CITADEL LIMITED PARTNERSHIP
Address: 225 WEST WASHINGTON
9TH FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
___________________________ CHICAGO, ILLINOIS 08/15/00
----------------- --------
[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:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 717
Form 13F Information Table Value Total: $7,348,411 (thousands)
List of Other Included Managers:
NONE
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Page 1 of 52
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<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
--------------------------- ----------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared- (c) Managers
Class Number Value Principal (a) As Defined Shared- See Instr. V (a) (b) (c)
Amount Sole in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
APPLE COMPUTER INC Cmn 37833100 4,580,718 87,460 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AAPL 40.0 STRIKE PUT 01/20 Opt (P) 37833100 775,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AAPL 42.50 STRIKE PUT 01/2 Opt (P) 37833100 500,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ADELPHIA BUSINESS SOLUTION Cmn 6847107 3,443,344 148,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALBERTSONS INC Cmn 13104104 5,130,475 154,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ABBOTT LABS Cmn 2824100 6,537,319 146,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARMSTRONG HOLDINGS INC Cmn 42384107 2,025,844 132,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACE LTD 8.25% FELINE PRIDE Pfd 4408209 1,709,400 29,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% CB 004933AB3 1,136,351 3,262 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) CB 577777AA3 9,232,309 6,380 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES INC Cmn 32654105 1,512,400 19,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AUTODESK INC Cmn 52769106 1,803,611 51,996 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADEPT TECHNOLOGY INC Cmn 6854103 1,168,750 25,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADVANTA CORP - CLASS B CB 7942204 707,200 83,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ADVANCED ENERGY 5.25% CB 0 007973AA8 8,860,036 6,525 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 49,122,756
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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Page 2 of 52
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<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------- ----------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared- (c) Managers
Class Number Value Principal (a) As Defined Shared- See Instr. V (a) (b) (c)
Amount Sole in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMC ENTERTAINMENT, I 9.5% CB 001669AG5 500,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMC ENTERTAINMENT Cmn 1669100 349,538 71,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AEP INDUSTRIES INC Cmn 1031103 1,040,300 41,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELEC PWR INC Cmn 25537101 2,509,238 84,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD Pfd 1034305 5,015,272 61,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AFFYMETRIX 5.0% CB CB 00826TAB4 2,796,925 1,900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AFLAC INC Cmn 1055102 1,731,844 37,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APRIA HEALTHCARE GROUP Cmn 37933108 1,078,000 88,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN HOME PRODUCTS Cmn 26609107 2,185,500 37,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ATHM 20.000 STRIKE PUT Opt (P) 045919107 215,625 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AKAMAI TECHNOLOGIES 5 1/2% CB 00971TAA9 3,855,061 3,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AK STEEL Cmn 1547108 479,200 59,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALGOMA STL LTD Cmn 01566M105 793,100 793,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALKERMES INC Cmn 01642T108 3,058,413 64,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 25,608,015
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 3 of 52
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<TABLE>
<CAPTION>
----------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
--------------------------------- -----------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared- Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MICRO CIRCUITS CORP Cmn 03822W109 493,750 5,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMER CLASSIC VOYAGES 7% Pfd 1648203 840,996 20,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% CB 007903AC1 19,499,026 9,030 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMKOR TECH. 5% CB 03/15/07 CB 031652AF7 856,914 940 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMR CORPORATION Cmn 1765106 2,146,725 81,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN MANAGEMENT SYST Cmn 27352103 773,956 23,576 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER 2.25% OID CB 029912AD4 176,298,121 135,945 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMERITRADE 5.75% CB CB 03072HAB5 19,692,069 32,040 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 6.875% CB CB 023135106 55,021,881 89,285 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ANDREW CORP Cmn 34425108 1,934,878 57,650 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP 4.5% CB CB 03664PAB1 23,788,076 13,250 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AUTONATION INC Cmn 05329W102 674,469 95,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AON CORP Cmn 37389103 1,798,519 57,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AOL 45.0 STRIKE PUT 01/20/ Opt (P) 02364J104 725,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 304,544,379
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
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Page 4 of 52
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<TABLE>
<CAPTION>
-----------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
--------------------------------- ----------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared- Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AOL 0% CB CB 02364JAC8 259,952,891 515,750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 52.500 STRIKE PUT 01/2 Opt (P) 02364J104 2,081,250 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 57.5000 STRIKE PUT 01/ Opt (P) 02364J104 1,937,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 55.000 STRIKE PUT 01/2 Opt (P) 02364J104 818,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 70.00 STRIKE PUT 01/20 Opt (P) 02364J104 5,625,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 75.000 STRIKE PUT 01/2 Opt (P) 02364J104 462,500 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 70.000 STRIKE PUT 07/2 Opt (P) 02364J104 2,587,500 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC Cmn 9158106 3,133,631 101,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APGR 9.03 STRIKE 09/01/00 Wt 39381116 105,469 112,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ARCH COMMUNICATIONS GROUP Cmn 39381504 2,640,625 406,250 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMPHENOL CORP Cmn 32095101 2,376,131 35,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ATML 40.000 STRIKE PUT 08/ Opt (P) 049513104 625,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLIED RISER COMMUNICATION Cmn 019496AA6 2,531,250 2,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARROW ELEC. Cmn 42735100 861,800 27,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 285,739,298
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 5 of 52
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<TABLE>
<CAPTION>
FORM 13F -------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
--------------------------------- ----------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ASPECT TELECOM INC 0% CB CB 045237AB0 365,625 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ASPECT TELECOM INC 0% CB CB 045237AE4 26,448,701 64,890 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AUSPEX SYSTEMS INC Cmn 52116100 544,927 110,365 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACTIVE SOFTWARE INC Cmn 00504E100 11,893,956 153,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP .5246% CB CB 045919AC1 20,315,944 44,801 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP 0% CB CB 049513AB0 4,921,950 4,710 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATML CORP 0% CB CB 049513AC8 160,767,238 153,016 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP Cmn 20039103 557,438 9,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACTIVISION INC Cmn 4930202 241,150 37,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AGILENT TECHNOLOGIES INC Cmn 00846U101 1,018,266 13,807 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVISTA CORP Cmn 05379B107 786,431 45,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVIALL INC Cmn 05366B102 383,150 77,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVL 7.5 STRIKE PUT 09/16/ Opt (P) 05366B102 251,550 936 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AVERY DENNISON CORP Cmn 53611109 1,369,350 20,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 229,865,676
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 6 of 52
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<TABLE>
<CAPTION>
FORM 13F -------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
--------------------------------- ----------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ALLIED WASTE 7.875% SR. CB 01958XAM9 4,675,000 5,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE INDS INC Cmn 19589308 2,393,000 239,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANIXTER INTERNATIONAL INC Cmn 35290105 747,300 28,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AXA FINANCIAL Cmn 2451102 4,491,400 132,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO. Cmn 25816109 4,164,788 79,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AUTOZONE INC Cmn 53332102 2,043,800 92,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ASPEN TECH. 5.25.% CB CB 045327AB9 41,827,308 42,276 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BAANF COMPANY N.V. CB CB 056072AB7 2,436,000 2,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BAC 35.000 STRIKE PUT 01/2 Opt (P) 060505104 406,250 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BAC 45.000 STRIKE PUT 01/2 Opt (P) 060505104 363,750 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BANKAMERICA CORP Cmn 60505104 1,978,000 46,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BED BATH & BEYOND INC Cmn 75896100 2,989,864 82,479 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BURR-BROWN CORP Cmn 122574106 98,783,874 1,139,540 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BB&T CORP. Cmn 54937107 2,435,250 102,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 169,735,583
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 7 of 52
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<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BIOCHEM PHARMA INC Cmn 09058T108 313,107 12,715 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BRUNSWICK CORP Cmn 117043209 907,625 54,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BUDGET GROUP Cmn 119003101 990,825 240,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON & CO Cmn 75887109 4,268,700 148,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BEAS SYSTEMS 4% CB CB 073325AD4 7,917,817 5,005 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
BE AEROSPACE INC Cmn 73302101 2,343,000 340,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BECKMAN COULTER INC Cmn 75811109 1,301,763 22,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BROWN-FORMAN -CL B Cmn 115637209 381,625 7,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BESTFOODS, INC. Cmn 08658U101 42,616,450 615,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BAKER HUGHES Cmn 57224107 2,739,200 85,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
BJ SERVICES CO CB 55482103 762,500 12,200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
BOOKHAM TECHNOLOGY PLC Cmn 09856Q108 296,250 5,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RBAK 120.0 STRIKE CALL 10/ Opt (C) 757209101 1,442,500 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RBAK 140.0 STRIKE CALL 10/ Opt (C) 757209101 7,712,000 1,200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 73,406,361
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 8 of 52
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<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BMC SOFTWARE INC Cmn 55921100 2,865,446 78,539 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEMIS INC Cmn 81437105 517,825 15,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BRISTOL MYERS SQUIBB CO Cmn 110122108 7,898,700 135,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BOWATER, INC. Cmn 102183100 578,038 13,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BURLINGTON RES INC Cmn 122014103 2,325,600 60,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SALOMON (BROADWING INC) 6. Pfd 79549B867 18,841,525 146,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BOSTON SCIENTIFIC CORP Cmn 101137107 2,911,106 132,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BIO TECHNOLOGY GENERAL 95 Cmn 90578105 416,804 31,606 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LAIDLAW INC 11.500% 04/15 CB 398048AH1 1,872,000 2,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BIOVAIL CORPORATION 6.75% Pfd 09067J208 7,033,292 130,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BANCWEST CORP Cmn 59790105 215,331 13,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 08860EAA9 6,715,896 32,687 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONAGRA INC Cmn 205887102 4,580,719 240,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARDINAL HEALTH, INC. Cmn 14149Y108 1,302,400 17,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 58,074,682
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 9 of 52
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<TABLE>
<CAPTION>
-----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
---------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c]
Amount in Instr. V Other Instr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CATERPILLAR INC Cmn 149123101 4,447,788 131,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CABOT CORP Cmn 127055101 11,049,875 405,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CROWN CORK & SEAL INC Cmn 228255105 504,000 33,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CIRCUIT CITY STORES INC Cmn 172737108 6,591,038 198,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP RIGHTS Cmn 151313111 253,125 30,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COMDISCO INC Cmn 200336105 6,037,763 270,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP Cmn 151313103 1,045,800 74,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONCORD EFS INC Cmn 206197105 1,152,424 44,324 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID CB 109473AA6 567,625 1,900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID CB 109473AC2 4,509,394 14,709 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CERIDIAN CORP. Cmn 15677T106 2,476,031 102,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CEPHALON 7.25% PFD Pfd 156708307 627,321 3,700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINL INC Cmn 160903100 570,400 24,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ATLAS AIR INC Cmn 49164106 703,150 19,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 40,535,733
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 10 of 52
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<TABLE>
<CAPTION>
-----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
---------------------------------- ----------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c]
Amount in Instr. V Other Instr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
COASTAL CORP 6.625% PFD Pfd 190441865 1,605,450 46,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMBIA ENERGY GROUP Cmn 197648108 22,095,938 336,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHEVRON Cmn 166751107 20,448,294 241,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARMIKE CINEMAS INC -CL A Cmn 143436103 320,463 82,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEACOR HLDGS INC Cmn 811904101 309,500 8,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% CB 179584107 634,116 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CLAIRES STORES INC Cmn 179584107 544,775 28,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CLOROX CO Cmn 189054109 1,859,719 41,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN BANK Cmn 16161A108 921,250 20,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
C 45.000 STRIKE PUT 01/20/ Opt (P) 172967101 963,281 6,850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C 50.000 STRIKE PUT 01/20/ Opt (P) 172967101 682,500 2,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C 55.000 STRIKE PUT 01/20/ Opt (P) 172967101 225,000 600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C 60.000 STRIKE PUT 01/20/ Opt (P) 172967101 296,875 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CUMULUS MEDIA Cmn 231082108 839,500 92,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,746,659
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 11 of 52
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<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------------- ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CREDENCE SYS. REG 5.25% CB 225302AC2 36,712,241 22,233 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY 8.75% CV PFD Pfd 125896308 2,787,438 103,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AF2 697,790 160 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AG0 19,137,412 4,390 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CAREMARK RX INC 6.5% DEBT Pfd 58503X206 3,374,800 377,600 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONSECO INC 6.8% 6/15/05 CB 20846NAB1 1,980,000 3,000 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONSECO, INC. 8.796% 04/01 CB 20846JAA2 1,540,000 3,500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONSECO, INC. 9% 10/15/200 CB 208464AR8 3,740,000 5,500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB CB 125945AA3 731,816 860 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB CB 125945AC9 22,039,083 25,890 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP CB Cmn 210149100 368,400 30,700 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AA8 7,551,761 3,420 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AB6 205,914,502 93,240 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4% CB CB 207142AF7 1,698,498 2,190 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 308,273,742
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 12 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CORECOMM 6% CB DUE 10/1/06 CB 21869NAC9 6,644,138 7,670 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
3 COM CORP Cmn 885535104 46,647,438 809,500 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
CONVERGENT COMMUNICATIONS Cmn 211914403 82,400 10,300 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
COVAD COMMUNICATIONS GROUP Cmn 222814204 1,419,000 88,000 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
COX EXCHG 0.4259% INTO PCS CB 224044AX5 111,790,625 215,500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COX COMMS 7% FELINE PRIDES Pfd 224044305 6,220,870 95,500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS 7.75% PFD Pfd 224044503 165,379,913 1,502,600 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CAMPBELL SOUP CO Cmn 134429109 4,185,263 143,700 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
COMPAQ COMPUTER CORP Cmn 204493100 4,568,019 178,700 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
COMPUWARE CORP Cmn 205638109 997,971 96,190 X n/a X
----------------------------------------------------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ Opt (P) 640938106 834,375 750 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ Opt (P) 640938106 4,968,750 2,500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ Opt (P) 640938106 1,231,250 500 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
CMVT 85.0 STRIKE PUT 10/21 Opt (P) 205862402 370,000 400 X n/a n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 355,340,010
----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 13 of 52
-- --
<TABLE>
<CAPTION>
-----------------------
(SEC USE ONLY)
FORM 13F
Name of reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Voting Authority
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: (Shares)
------------------------------ --------------------
Shares of (b) Shared
Name of Issuer Title of CUSIP Fair Market Principal (a) Sole As Defined (c) Shared- Managers (a) (b) (c)
Class Number Value Amount in Intr. V Other See Intr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CHARLES RIVER LABORATORIES Cmn 159864107 1,109,375 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CRANE CO Cmn 224399105 488,681 20,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC Cmn 17275R102 18,706,126 294,295 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CINTAS CORP Cmn 172908105 1,814,307 49,453 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CTS CORP Cmn 126501105 1,287,000 28,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 CB 177376AA8 2,553,221 7,080 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS 0% CB DUE 3/22/ CB 177376AB6 135,851,880 376,646 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
C-CUBE MICROSYSTEMS INC (N Cmn 12501N108 4,072,188 207,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CUMMINS ENGINE Cmn 231021106 299,750 11,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC. Cmn 172967101 30,091,863 499,450 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CABLEVISION SYSTEMS -CL A Cmn 12686C109 515,850 7,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CVS CORP 6% DEBT PERC DUE Pfd 126645209 6,977,344 97,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 50.0 STRIKE PUT 01/20 Opt (P) 17275R102 725,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 55.000 STRIKE PUT 01/ Opt (P) 17275R102 518,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 205,011,335
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 14 of 52
-- --
<TABLE>
<CAPTION>
-----------------------
(SEC USE ONLY)
FORM 13F
Name of reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6 Item 8
Item 1 Item 2 Item 3 Item 4 Item 5 Invement Discretion Item 7 Voting Authority
----------------------------- (Shares)
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared --------------------
Class Number Value Principal (a) Sole As Defined (c) Shared- Managers (a) (b) (c)
Amount in Intr. V Other See Intr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CSCO 60.000 STRIKE PUT 01/ Opt (P) 17275R102 706,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% CB 232806AD1 44,231,329 24,431 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CENTENNIAL COMMUNICATIONS Cmn 15133V208 2,190,375 159,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Opt (P) 178566105 799,250 23,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CY 40.0 STRIKE PUT 08/19/2 Cmn 232806109 354,375 900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DIEBOLD INC Cmn 253651103 245,300 8,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DONALDSON CO INC Cmn 257651109 264,650 13,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK 4.75% CB CB 258609AC0 59,532,775 55,196 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DILLARD DEPT STORES INC Cmn 254067101 736,225 60,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER Cmn 247025109 3,345,163 67,836 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DEERE & COMPANY Cmn 244199105 1,953,600 52,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DEAN FOODS CO Cmn 242361103 782,681 24,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ADVANTICA RESTAURANT GRP Cmn 00758B109 146,959 151,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ECHOSTAR COMMUNICATIONS Cmn 278762109 7,247,642 218,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 122,536,575
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 15 of 52
<TABLE>
<CAPTION>
FORM 13F -------------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
----------------------------- ------------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shares- See Instr. V
Amount in Instr. V Other (a) (b) (c)
Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DISNEY WALT CO Cmn 254687106 7,979,850 205,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC Cmn 260561105 4,006,775 54,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DELTA & PINE LAND CO Cmn 247357106 1,253,125 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DELL 40.000 STRIKE PUT 01/ Opt (P) 247025109 468,750 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DELUXE CORP Cmn 248019101 567,856 24,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DIMON, INC. Cmn 254394109 462,825 217,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DONNELLEY R R & SONS CO Cmn 257867101 1,482,356 65,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DIAMOND OFFSHORE DRILLING Cmn 25271C102 702,500 20,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOVER CORP Cmn 260003108 4,441,594 109,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DOW CHEMICAL COMPANY Cmn 260543103 9,409,444 311,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMDOCS TRACES 6.75% DUE 6 Pfd 02342R202 16,656,813 257,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DUKE-WEEKS REALTY CORP Cmn 264411505 277,450 12,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM Cmn 261878102 1,577,100 75,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
DALLAS SEMICONDUCTOR CORP Cmn 235204104 2,094,550 51,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 51,380,988
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 16 of 52
<TABLE>
<CAPTION>
Form 13F --------------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------------ -----------------
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared
Class Number Value Principal (a) Sole As Defined (c) Shared- Managers (a) (b) (c)
Amount in Instr. V Other See Instr.V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
DTE ENERGY CO Cmn 233331107 2,298,300 75,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% T Pfd 518437207 23,945,625 283,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CALLAWAY GOLF CO Cmn 131193104 450,225 27,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EMC CORPORATION Cmn 268648102 10,817,413 140,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ENRON CORP. Cmn 293561106 2,618,700 40,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SEPR 57.50 STRIKE CALL 07/ Opt (C) 817315104 633,750 100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EXPRESS SCRIPTS INC -CL A Cmn 302182100 13,520 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ENTERGY CORP NEW Cmn 29364G103 516,563 19,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WEBS MEXICO INDEX SERIES Cmn 464286822 739,688 45,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EXODUS COMM 11.625% DUE 7 CB 302088109 4,000,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS INC Cmn 302088109 3,744,881 81,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EXFO ELECTRO-OPTICAL ENGIN Cmn 302043104 438,750 10,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP Cmn 302051107 1,559,480 194,935 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FIRST AMER FINL CP CA Cmn 318522307 194,650 13,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 52,797,954
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 17 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- -----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FLEET BOSTON FINANCIAL Cmn 339030108 3,553,000 104,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CKFR 55.000 STRIKE PUT 08/ Opt (P) 162813109 212,500 250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CKFR 75.000 STRIKE PUT 08/ Opt (P) 162813109 485,000 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP. Cmn 319963104 5,235,438 105,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FEDEX CORPORATION Cmn 31428X106 1,162,800 30,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FLC 9.5 STRIKE 05/01/2009 Wt 74912E123 5,086,696 8,520 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FLEXTRONICS INTERNATIONAL Cmn Y2573F102 755,563 11,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
FMC CORP Cmn 302491303 249,400 4,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.125% CB 318074AU5 1,211,000 1,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 6.375% CB 318074AQ4 10,858,250 12,850 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FINOVA CAPITAL CORP 7.30% CB 31808CCV2 8,917,500 10,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GFC FINANCIAL CORP 7.25% CB 318074AV3 1,680,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
FPL GROUP INC Cmn 302571104 5,935,050 119,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NXTL 37.50 STRIKE PUT 01/2 Opt (P) 65332V103 218,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 45,560,946
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 18 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FOUR SEASONS 0% CB CB 35100EAD6 17,101,808 48,285 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
FOREST OIL Cmn 346091606 572,156 35,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
FLAG TELECOM HILDGS LTD Cmn G3529L102 2,717,663 182,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
FIRST uNION CORP Cmn 337358105 2,069,363 83,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
FIRST VIRGINIA BANKS INC Cmn 337477103 619,663 17,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
FOSTER WHEELER CORP CB 350244109 4,023,563 466,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
FWIS 0.01 STRIKE 04/15/2000 Wt 337625115 207,872 2,560 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NICOR INC Cmn 654086107 538,313 16,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING 7% PFD Pfd G3921A142 96,500,875 541,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
GANNETT INC Cmn 364730101 7,530,394 125,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
GE 43.375 STRIKE PUT 01/2000 Opt (P) 369604103 745,313 4,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
GENZYME CORP- GENL DIVIS Cmn 372917104 778,631 13,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES INC Cmn 374276103 1,101,979 29,733 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CORP Cmn 369604103 18,115,400 341,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 152,622,990
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 19 of 52
-- --
<TABLE>
<CAPTION>
-------------------------
FORM 13F SEC USE ONLY
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
----------------------- -------------------------
(b) Shared
Name of Issuer Title of CUSIP Fair Market Shares of (a) As (c) Managers (a) (b) (c)
Class Number Value Principal Sole Defined Shared- See Instr. V Sole Shared None
Amount in Instr.V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GEORGIA GULF CORP Cmn 373200203 297,619 14,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GENESIS HEALTH VENTURES Cmn 371912106 72,612 403,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GILAT SATELLITE NETWORKS, Cmn M51474100 409,313 5,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE Cmn 379352404 476,369 16,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GEMSTAR-TV GUIDE INTL Cmn 36866W106 4,043,616 65,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS Cmn 370442105 12,146,675 209,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GENUINE PARTS CO Cmn 372460105 1,540,000 77,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GAP INC Cmn 364760108 984,375 31,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GREENPOINT FINANCIAL CORP Cmn 395384100 609,375 32,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GS 80.000 STRIKE PUT 01/20 Opt(P) 38141G104 212,500 340 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD. Cmn 379364870 435,000 20,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GTECH HOLDINGS CORP Cmn 400518106 304,013 13,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 5.75% CB 37936UAE4 3,531,024 6,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 7.25% Cmn 37936U609 739,670 32,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GOODYEAR TIRE COMMON STOCK Cmn 382550101 1,224,000 61,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 27,026,159
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 20 of 52
-- --
<TABLE>
<CAPTION>
-------------------------
FORM 13F SEC USE ONLY
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
----------------------- -------------------------
(b) Shared
Name of Issuer Title of CUSIP Fair Market Shares of (a) As (c) Managers (a) (b) (c)
Class Number Value Principal Sole Defined Shared- See Instr. V Sole Shared None
Amount in Instr.V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
GILLETTE CO Cmn 375766102 6,512,350 186,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
GREY WOLF INC Cmn 397888108 409,000 81,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CMGI 15.0 STRIKE PUT 01/19 Opt (P) 125750109 350,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 20.000 STRIKE PUT 01/ Opt (P) 125750109 476,875 1,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 25.000 STRIKE PUT 01/ Opt (P) 125750109 1,343,750 2,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMGI 30.000 STRIKE PUT 01/ Opt (P) 125750109 533,750 700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO Cmn 406216101 391,656 8,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARMAN INTERNATIONAL INDS Cmn 413086109 640,500 10,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HASBRO 94 Cmn 418056107 890,194 59,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT Cmn 437076102 274,656 5,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARRAH'S ENTERTAINMENT INC Cmn 413619107 2,726,063 130,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HAWAIIAN ELECTRIC INDS Cmn 419870100 495,469 15,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC. Cmn 441815107 4,010,781 96,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 19,055,044
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 21 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
-------------------------- ------------------------
Name of Issuer Title o f CUSIP Fair Market Shares of (b) Shared (c) Managers
Class Number Value Principal (a) As Defined Shared- See Instr. V (a) (b) (c)
Amount Sole in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HILTON HOTELS CORP Cmn 432848109 695,625 74,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HOLLYWOOD ENTMT CORP Cmn 436141105 3,457,125 439,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO Cmn 422893107 64,125 54,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HNC SOFTWARE, INC. 4.75% CB CB 40425PAA5 46,030,004 31,950 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
STARWOOD HOTELS & RESORT Cmn 85590A203 735,913 22,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HOUSTON INTO TIME WARNER Cmn 442161204 13,590,650 108,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HELMERICH & PAYNE INC Cmn 423452101 1,618,338 43,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HEALTHSOUTH CORP Cmn 421924101 930,781 129,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROTHERS CO Cmn 410550107 43,067,500 599,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL Cmn 413875105 265,275 8,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARSCO CORP Cmn 415864107 331,500 13,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HUBBELL INC -CL B CMN STK Cmn 443510201 308,550 12,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HWP 115.00 STRIKE PUT 01/2 Opt(P) 428236103 780,000 1,200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
HWP 110.0 STRIKE PUT 11/18 Opt(P) 428236103 362,500 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 112,237,885
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 22 of 52
-- --
<TABLE>
<CAPTION>
--------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority (Shares)
------------------------- -------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (a) (b) Shared (c) Managers
Class Number Value Principal Sole As Defined Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HEWLETT PACKARD CO Cmn 428236103 4,820,175 38,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IBM 105.0 STRIKE PUT 01/20 Opt (P) 459200101 918,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IBM 100.00 STRIKE PUT 01/2 Opt (P) 459200101 1,412,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IBM CMN STOCK Cmn 459200101 21,726,244 198,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INSIGHT COMMUNICATIONS INC Cmn 45768V108 2,846,875 182,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERMEDIA COMM FLA INC Cmn 458801107 2,469,250 83,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IDACORP INC Cmn 451107106 309,600 9,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB CB 449370AA3 13,475,250 8,475 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IDEC PHARM. 0% CB CB 449370AC9 235,359,750 148,025 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IMC GLOBAL INC Cmn 449669100 345,800 26,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IKON OFFICE SOLUTIONS INC Cmn 451713101 2,872,925 741,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IMPERIAL OIL LTD CB 453038408 275,438 11,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INPRISE CORPORATION Cmn 45766C102 2,458,612 401,406 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTC 50.0 STRIKE PUT 01/20 Opt (P) 458140100 418,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 289,709,918
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 23 of 52
-- --
<TABLE>
<CAPTION>
FORM 13F -------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
-------------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers (Shares)
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
INTC 65.0 STRIKE PUT 01/20 Opt (P) 458140100 1,425,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTEL CMN STOCK Cmn 458140100 15,779,136 118,030 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTEREPUBLIC GRP OF COS Cmn 460690100 1,780,200 41,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO. Cmn 460146103 5,777,752 193,803 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INGERSOLL-RAND 6.75% DP Pfd 456867209 2,673,125 131,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ITC DELTACOM INC Cmn 45031T104 281,138 12,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
I2 TECH. 5.25% CB CB 465754AD1 773,461 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
I2 TECHNOLOGY 5.25% CB CB 465754AF6 73,740,698 47,496 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
IT GROUP INC. Cmn 465266104 1,388,888 284,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IVAX CORP 5.5% CB CB 465823AB8 2,709,977 2,070 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JOHNSON CTLS INC Cmn 478366107 1,488,063 29,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PENNEY (J.C.) COMPAN 7.375 CB 708160BG0 1,860,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC Cmn 708160106 355,844 19,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JACOBS ENGINEERING GROUP Cmn 469814107 428,206 13,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 110,461,486
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F -------------------
Page 24 of 52 Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
-- -- ---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
HARLAND (JOHN H.) CO CB 805897AA3 1,301,085 1,420 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON Cmn 478160104 2,568,371 25,211 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JUNIPER 4.75% CB DUE 3/15/ CB 48203RAA2 164,331,686 148,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
JONES APPAREL GROUP INC Cmn 480074103 2,601,450 110,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO INC Cmn 616880100 4,371,963 39,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT CORP Cmn 475070108 1,772,138 31,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JUNO LIGHTING INC (NEW) Cmn 482047206 121,200 20,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORDSTROM INC Cmn 655664100 615,188 25,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KAUFMAN & BROAD 8.25% PFD Pfd 486168503 1,738,224 276,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KEANE INC CMN STK Cmn 486665102 1,154,775 53,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KEY ENERGY GROUP INC Cmn 492914106 739,200 76,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KEMET CORP Cmn 488360108 5,085,181 202,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KEYCORP Cmn 493267108 2,106,188 119,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP Cmn 494368103 5,077,688 88,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 193,584,335
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 25 of 52
-- --
<TABLE>
<CAPTION>
FORM 13F -------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
KERR MCGEE CORP CB 492386107 2,599,144 44,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
K MART CORP Cmn 482584109 4,121,563 605,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO Cmn 191216100 3,802,363 66,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MBNA CORP Cmn 55262L100 5,807,463 214,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KROGER CO. Cmn 501044101 2,643,088 119,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP Cmn 500255104 5,835,063 104,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KITTY HAWK INC 9.95% 11/15 CB 498326AC1 5,502,350 13,930 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KELLOGG CO Cmn 487836108 1,505,350 50,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LAFARGE CORPORATION Cmn 505862102 510,300 24,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LYCOS INC Cmn 550818108 19,099,800 353,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
WCOM 40.000 STRIKE CALL 08 Opt (C) 98157D106 2,800,000 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LEHMAN BROTHERS HOLDINGS Cmn 524908100 661,938 7,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LENNAR CORP Cmn 526057104 739,125 36,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE 4.75% CV Pfd 501608202 13,296,344 171,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 68,923,888
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 26 of 52
-- --
<TABLE>
<CAPTION>
FORM 13F -------------------
Name of Reporting Manager Citadel Limited Partnership (SEC USE ONLY)
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LITTON INDUSTRIES INC Cmn 538021106 512,400 12,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ELI LILLY Cmn 532457108 4,344,563 43,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP Cmn 539830109 952,800 38,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP IND Cmn 534187109 989,825 27,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LODGIAN (WAS SERVICO) 7%
PFD Pfd 540217205 369,179 40,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% PFD Pfd G56462149 20,987,285 911,033 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LOWE'S COMPANIES Cmn 548661107 7,169,513 174,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH 5% CB CB 512807AC2 130,380,154 93,784 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LSI 4% CB DUE 2/15/2005 CB 502161AE2 14,783,855 14,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LONE STAR TECHNOLOGIES INC Cmn 542312103 411,625 8,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LIMITED INC Cmn 532716107 659,563 30,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALTR 35.0 STRIKE PUT 01/20 Opt (P) 021441100 306,250 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LTV CORP. Cmn 501921100 460,000 160,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC Cmn 549463107 3,329,850 56,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 185,656,860
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 27 of 52
-- --
<TABLE>
<CAPTION>
---------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------------ ----------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers (a) (b) (c)
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SOUTHWEST AIRLINES Cmn 844741108 698,794 36,900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LEVEL 3 COMMUNICATIONS INC Cmn 52729N100 1,487,200 16,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LYO 12.500 STRIKE CALL 09 Opt (C) 552078107 309,875 740 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LA-Z-BOY CHAIR CO Cmn 505336107 152,600 10,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HANNA (M A) CO Cmn 410522106 143,100 15,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MANPOWER, INC Cmn 56418H100 1,625,600 50,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MATTEL INC Cmn 577081102 906,641 68,750 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MAVERICK TUBE CORP Cmn 577914104 594,150 20,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MANDALAY RESORT GROUP Cmn 562567107 858,000 42,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MBIA INC Cmn 55262C100 3,276,750 68,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
McLeodUSA Inc. 6.75% PFD Pfd 582266201 68,052,367 122,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MERCURY GENERAL CORP Cmn 589400100 295,313 12,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MEDTRONIC INC Cmn 585055106 6,744,613 135,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MEDIMMUNE INC Cmn 584699102 2,201,352 29,748 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 87,346,354
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 28 of 52
-- --
<TABLE>
<CAPTION>
---------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------------- ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers (a) (b) (c)
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
METLIFE INC 8.0% EQUITY Pfd 59156R207 21,161,250 307,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
METHODE ELECTRONICS -CL A Cmn 591520200 5,769,996 149,385 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
METROMEDIA FIBEWR NE 10% CB 591689AD6 995,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
METROMEDIA FIBER NETWORK Pfd 24366Q209 40,535,775 579,600 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MICHAEL STORES Cmn 594087108 380,244 8,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MUSICLAND STORES CORP Cmn 62758B109 3,673,381 493,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MUELLER INDUSTRIES Cmn 624756102 215,600 7,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MEDICAL MANAGER CORP Cmn 58461U103 15,845,875 465,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO Cmn 604059105 3,349,500 40,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MOT 31.625 STRIKE PUT 01/2 Opt (P) 620076109 1,800,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MOT 33.375 STRIKE PUT 01/2 Opt (P) 620076109 217,500 300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MOT 36.625 STRIKE PUT 01/2 Opt (P) 620076109 4,954,688 5,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MOTOROLA Cmn 620076109 10,026,563 345,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MERCK & CO Cmn 589331107 4,926,988 64,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 113,852,358
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 29 of 52
-- --
<TABLE>
<CAPTION>
---------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
----------------------------- --------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers (a) (b) (c)
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr.V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
USX-MARATHON GROUP INC Cmn 902905827 6,082,669 242,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 CB 553477AB6 159,474,454 31,851 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MICROSOFT Cmn 594918104 31,370,960 392,137 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MONTANA POWER CO Cmn 612085100 1,380,719 39,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MANITOWOC COMPANY, INC. Cmn 563571108 254,125 9,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MICRON TECHNOLOGY INC Cmn 595112103 5,944,219 67,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER Cmn 617446448 8,941,050 107,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL INC CMn 560321200 818,513 94,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
NAVISTAR INTERNATIONAL 93 Pfd 63934E108 1,556,231 50,100 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NBC INTERNET INC TRACES 7. Pfd 62873C206 818,913 34,300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NBC INTERNET INC Cmn 62873D105 192,500 15,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMM BANCORP/TN Cmn 635449101 571,825 35,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% Pfd 628874AC3 338,100 2,415 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NEWMONT MINING CORP Cmn 651639106 4,156,325 192,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 221,900,602
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 30 of 52
-- --
<TABLE>
<CAPTION>
---------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers (a) (b) (c)
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr.V Sole Shared None
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CLEARNET COMM WARRANT Wt 184902112 890,400 60,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID CB 640938AB2 49,606,479 140,123 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL FUEL GAS CO Cmn 636180101 253,500 5,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 Pfd 651291205 3,620,565 59,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NABISCO GROUP HOLDINGS Cmn 62952P102 6,484,375 250,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. 7.75% PIES Pfd 65473P303 2,964,137 79,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NIKE INC Cmn 654106103 4,263,919 107,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST OPTIC NETWORK Cmn 664334109 308,125 5,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NOVELL INC Cmn 670006105 390,359 42,201 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NETWORK PLUS CORP 7.5% Pfd 64122D605 2,563,236 85,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NORFOLK SOUTHN CORP Cmn 655844108 2,714,688 182,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL SEMICONDUCTOR Cmn 637640103 232,675 4,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HNCS 85.000 STRIKE PUT 07/ Opt (P) 40425P107 1,231,250 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NATL EQUIP SVCS INC Cmn 635847106 1,516,800 252,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 77,040,507
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 31 of 32
-- --
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
----------------------------- -----------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared (c) Managers
Class Number Value Principal (a) Sole As Defined Shared- See Instr. V (a) (b) (c)
Amount in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
NORTEK INC Cmn 656559101 643,850 32,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TRUST Cmn 665859104 266,756 4,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTEL NETWORKS CORP Cmn 656568102 3,822,000 56,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP Cmn 670346105 438,075 13,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INCO LTD. Cmn 453258402 790,275 51,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NORTHEAST UTIL. Cmn 664397106 23,888,025 1,098,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEWELL RUBBERMAID INC Cmn 651229106 1,346,725 52,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEXTLINK COMMUNICATIONS 10 CB 65333HAP8 2,925,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
NEXTLINK COMMUNICATIONS Cmn 65333H707 5,935,398 156,452 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS Cmn 65332V103 2,379,460 38,888 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
NEXT LEVEL COMMUNCATION Cmn 65333U104 857,500 10,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OFFICE DEPOT Cmn 676220106 556,250 89,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OWENS-ILLINOIS INC Cmn 690768403 2,995,506 256,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
OLIN CORP Cmn 680665205 212,850 12,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 47,057,670
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 32 of 52
-- --
<TABLE>
<CAPTION>
-------------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
------------------------- -------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) As Defined (c) See Instr. V (a) (b) (c)
Amount Sole in Instr. V Shared- Sole Shared None
Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BANK ONE CORP. Cmn 06423A103 9,735,156 366,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ON SEMICONDUCTOR CORP Cmn 682189105 437,500 20,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB CB 685564AC0 3,713,624 5,455 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP Cmn 68389X105 10,047,570 119,525 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 CB 682180AA2 518,760 524 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC Cmn 689899102 1,517,783 51,890 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM Cmn 674599105 989,938 47,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PAGING NETWORK INC 10.125% CB 695542AC4 200,000 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PAYCHEX INC Cmn 704326107 582,876 13,878 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PRECISION CASTPARTS CORP Cmn 740189105 452,500 10,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PCS 50.000 STRIKE PUT Opt(P) 852061506 292,500 900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP Cmn 717265102 490,875 13,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PE CORP-PE BIOSYSTEMS Cmn 69332S102 1,067,175 16,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PEC SOLUTIONS INC Cmn 705107100 1,117,188 137,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,163,444
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 33 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PEPSICO INC Cmn 713448108 1,981,913 44,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PFIZER INC Cmn 717081103 8,169,600 170,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PROVIDENT FINANCIAL GROUP Cmn 743866105 271,463 11,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PROGRESSIVE CORP-OHIO Cmn 743315103 1,332,000 18,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PEGASUS COMMUNICATIONS Cmn 705904100 2,673,906 54,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PROCTER & GAMBLE CO Cmn 742718109 9,268,775 161,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PULTE CORPORATION Cmn 745867101 300,588 13,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PARKER HANNIFIN CORP Cmn 701094104 2,592,725 75,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PIER 1 IMPORTS Cmn 720279108 819,000 84,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO Cmn 701081101 3,718,688 601,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SIX FLAGS INC 7.5% 4/1/200 Pfd 740540307 3,828,125 87,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PROTECTIVE LIFE CORP Cmn 743674103 867,975 32,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL SERVICES Cmn 693475105 5,840,625 124,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PRECISE SOFTWARE SOLUTIONS Cmn M41450103 480,000 20,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 42,145,381
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 34 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PRIMUS TELECOMM GROUP INC Cmn 741929103 308,450 12,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PRICE COMMUNICATIONS CORP Cmn 741437305 1,691,788 71,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PUGET SOUND POWER & LIGHT Cmn 745332106 569,044 26,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PEOPLESOFT INC 4.75% REG C CB 922091AC7 5,020,007 5,712 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PSINET 11% SR. NOTES 08/01 CB 69363VAB3 1,890,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PSINET INC CMN STOCK Cmn 74437C101 2,107,988 83,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PTEL 18.150 STRIKE 02/01/2 Wt 73936C117 2,255,550 34,824 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 10% 11/15/2 CB 721501AB0 914,250 2,650 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 9% 12/15/20 CB 721501AE4 586,500 1,700 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO Cmn 718507106 7,065,838 139,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC Cmn 695629105 600,600 13,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PRAXAIR INC Cmn 74005P104 2,182,606 58,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PENNZOIL-QUAKER STATE(NEW) Cmn 709323109 2,990,294 247,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC CMN STK Cmn 747525103 3,210,420 53,507 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,393,333
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 37 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
EGRP 15.0 STRIKE PUT 01/20 Opt (P) 269246104 293,750 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
EGRP 17.500 STRIKE PUT 10/ Opt (P) 269246104 1,193,438 3,350 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
GBLX 40.000 STRIKE PUT 01/ Opt (P) G3921A100 3,062,500 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ Opt (P) 52729N100 295,313 750 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS CMN S Cmn 749121109 2,126,625 42,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
CNXT 60.000 STRIKE PUT 07/ Opt (P) 207142100 900,000 750 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORCT 55.000 STRIKE PUT 10/ Opt (P) M7531S107 1,113,000 420 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORCT 70.000 STRIKE PUT 10/ Opt (P) M7531S107 1,012,500 250 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 5.5% CB 767754AN4 9,700,000 10,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORP NEW YORK Cmn 767754104 241,500 36,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA 7% 8/1/2000 Pfd 751277401 1,277,063 41,700 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA CO Cmn 751277302 2,884,956 144,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
REDBACK NETWORKS 5% CB 04/ CB 757209AA9 1,294,887 1,128 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RENT-A-CENTER INC Cmn 76009N100 600,750 26,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 25,996,280
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 38 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RCN CORP Cmn 749361101 1,037,838 40,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST $1.9336 SER Cmn 755271202 18,341,313 519,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ROWAN COS INC Cmn 779382100 3,945,713 129,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RADIAN GROUP INC Cmn 750236101 1,630,125 31,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
REVLON INC 9% 11/01/2006 CB 761519AQ0 710,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
REVLON INC. - CL A Cmn 761525500 943,719 149,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS & REYNOLDS -CL A Cmn 761695105 688,025 37,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ROBERT HALF INTL INC Cmn 770323103 1,701,450 59,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TRANSOCEAN 0% CB CB 893830AA7 25,870,694 42,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINANCIAL Cmn 754730109 344,250 15,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RELIASTAR FINANCIAL CORP Cmn 75952U103 52,437,500 1,000,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RUSSELL CORP Cmn 782352108 1,502,000 75,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
PDLI 150.0 STRIKE PUT 02/1 Opt (P) 74369L103 1,087,500 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
RSCR 17.500 STRIKE PUT 08/ Opt (P) 760943100 301,000 250 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 110,541,125
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 37 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
RES-CARE INC. 6% REG CB CB 760943AC4 2,625,424 6,011 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
REPUBLIC SERVICES Cmn 760759100 2,092,800 130,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RSL COMMUNICATIONS LTD - Cmn G7702U102 2,293,219 200,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RHYTHMS NETCONNECTIONS INC Cmn 762430205 1,692,169 134,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CLASS B Cmn 755111408 1,233,925 64,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
RYERSON TULL INC Cmn 78375P107 3,496,375 337,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MRVC 65.00 STRIKE CALL Opt (C) 553477100 650,000 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SAMINA 4.25% CB DUE 5/1/20 CB 800907AB3 64,519,058 31,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SAP AG - SPONS ADR PFD 1:1 Pfd 803054204 2,331,250 50,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SINCLAIR BROADCASTING GRP Cmn 829226109 2,255,000 205,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SCHWAB CHARLES CORP NEW Cmn 808513105 5,314,431 158,050 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SCI 40.000 STRIKE PUT 10/ Opt (P) 783890106 215,000 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
STOLT OFFSHORE SA Cmn L8873E103 991,575 70,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% CB 871873AB1 10,850,513 11,479 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 100,560,739
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 38 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SANTA FE INTL CORP Cmn G7805C108 1,746,875 50,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUNGARD DATA SYSTEMS Cmn 867363103 3,019,400 97,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SEBL SYSTESM 5.50% CB CB 826170AC6 118,013,750 32,695 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP 4% CV PFD Pfd 58440J104 802,023 16,100 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SEMCO ENERGY 11% MAND. Pfd 78412D307 536,359 50,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SEPRACOR INC 7% CB CB 817315AH7 4,480,033 2,200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB CB 786449AD0 1,542,750 1,100 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB CB 786449AE8 21,535,615 14,760 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SANTA FE SNYDER CORP Cmn 80218K105 1,792,700 157,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SFX ENTERTAINMENT INC CL A Cmn 784178105 108,183,594 2,387,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP CMn 806605101 1,383,700 27,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUN HEALTHCARE GROUP 7% PFD Pfd 866749203 63,049 900,700 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SIGMA ALDRICH CORP Cmn 826552101 1,185,064 40,515 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMER SKIING CO CMN STOCK Cmn 29654308 448,250 163,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 264,733,162
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 41 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SAKS INCORPORATED Cmn 79377W108 518,700 49,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SOLECTRON 0% OID DUE 5/8/2 CB 834182AK3 278,157,551 435,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SPRING INDS INC CL A Cmn 851783100 454,400 14,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SNYDER COMMUNICATIONS INC Cmn 832914105 60,633,750 2,553,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SYNOPSYS INC Cmn 871607107 4,236,153 122,565 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SYNOVUS FINANCIAL CORP Cmn 87161C105 202,688 11,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SONOCO PRODUCTS Cmn 835495102 518,175 25,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SOUTHTRUST CORP Cmn 844730101 352,950 15,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SIMON PROPERTY GROUP INC Cmn 828806109 390,500 17,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SPIEKER PROPERTIES INC Cmn 848497103 1,444,400 31,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
STAPLES Cmn 855030102 727,653 47,327 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SPYGLASS INC Cmn 852192103 5,673,825 181,200 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA INC Cmn 836153304 1,474,941 377,585 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SRCM 11.000 STRIKE 06/23/2 Wt 836153114 67,580 109,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 354,853,266
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 42 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
STAAR SURGICAL CO Cmn 852312305 268,500 24,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ST JUDE MED INC Cmn 790849103 367,000 8,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
STORAGE TECHNOLOGY Cmn 862111200 558,906 51,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS 0% CB CB 861012AA0 244,185,944 70,810 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
STM ELECTRONICS 0% CB CB 861012AB8 150,472,920 87,675 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SUNOCO INC Cmn 86764P109 1,981,144 67,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC Cmn 866810104 4,438,023 48,803 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUPERIOR INDUSTRIES INT'L Cmn 868168105 329,600 12,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUPERVALU INC Cmn 868536103 379,344 19,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SPX 1300.0 STRIKE PUT 08/1 Opt (P) n/a 525,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP Cmn 871829107 446,525 10,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD Pfd 86507G408 1,793,663 46,875 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SPX 1225.0 STRIKE PUT 08/1 Opt (P) n/a 212,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SPX 1250.0 STRIKE PUT 08/1 Opt (P) n/a 288,750 1,100 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 406,247,819
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 41 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SPX INDEX 1250 PUT 9/16/00 Opt (P) n/a 393,750 750 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS (TCI PFD) Pfd 872294202 12,206,250 62,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AT&T CORP 6.25% MAND PREF Pfd 58440J401 158,324,098 1,756,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ARGENTINA ADR Cmn 879378206 73,331,242 2,090,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TIMBERLAND CO -CL A Cmn 887100105 502,769 7,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CON CB 88355KAA9 1,638,180 1,916 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TECNOMATIX TECH 5.25% REG CB 878732AD8 822,151 1,137 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
DCLK 67.500 STRIKE PUT Opt (P) 258609304 1,175,000 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TIDEWATER Cmn 886423102 464,400 12,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TENNECO AUTOMOTIVE INC Cmn 880349105 3,651,900 695,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TEREX CORP Cmn 880779103 536,750 38,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB 88355WAA3 1,630,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% REG CB U8835NAA8 2,502,050 3,070 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TELEFLEX INC Cmn 879369106 486,200 13,600 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 257,664,740
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 42 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TITANIUM METALS 6.625% CV Pfd 887381408 419,011 41,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TEMPLE INLAND INC Cmn 879868107 449,400 10,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TJX COMPANIES Cmn 872540109 2,025,000 108,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TEKELEC 3.25% OID DUE 11/2 CB 879101AA1 691,250 250 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP Cmn 891027104 715,938 29,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
THERMO ELECTRON 2.875% CB 883901AD2 2,233,800 2,628 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TECHNITROL INC Cmn 878555101 910,625 9,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TQNT 47.5 STRIKE PUT 02/17 Opt (P) 89674K103 873,750 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TOKHEIM CORP Cmn 889073102 244,400 150,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01 Opt (P) 03072H109 2,308,500 3,420 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TRIQUINT 4% CB CB 89674KAB9 11,467,522 12,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TRIQUINT SEMICONDUCTOR INC Cmn 89674K103 14,056,494 146,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TERRA INDUSTRIES Cmn 880915103 72,569 68,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL CB 896047305 56,611,364 485,900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 93,079,622
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 43 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SPEEDWAY MOTORSPORTS 5.75% CB 847788AC0 2,580,508 2,750 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 CB 895927AB7 4,510,328 17,950 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TELECOMUNICACOES -ADR 1:10 Cmn 87929A102 119,628,640 4,397,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TITAN 5 3/4 MIPS W/REM Pfd 888262300 2,192,141 40,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CROWN CASTLE INTL 7% DECS Pfd 24366F203 7,905,000 248,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC Cmn 891707101 808,125 64,650 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TIME WARNER INC Cmn 887315109 13,809,200 181,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TEXTRON INC Cmn 883203101 238,975 4,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TEXACO INC Cmn 881694103 16,470,225 309,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TXU CORP Cmn 873168108 1,457,300 49,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TYCO INTERNATIONAL LTD Cmn 902124106 8,290,625 175,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
TYC 37.500 STRIKE PUT 10/2 Opt (P) 902124106 1,500,000 7,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP Cmn 915289102 5,379,500 162,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
UNICOM CORP Cmn 904911104 1,191,575 30,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 185,962,142
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 44 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
UNISYS Cmn 909214108 862,100 59,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC. Cmn 58440J104 231,037,105 3,484,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
US UNWIRED INC CL-A Cmn 90338R104 650,000 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UBIQUITEL INC Cmn 903474302 707,813 75,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNION PAC RES GROUP INC Cmn 907834105 15,633,200 710,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PALM 50.0 STRIKE PUT 08/19 Opt (P) 696642107 10,120,775 5,362 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PALM 70.000 STRIKE PUT 11 Opt (P) 696642107 7,650,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS INC Cmn 911363109 2,013,900 117,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
USA NETWORKS INC Cmn 902984103 251,758 11,642 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
UNITED TECHNOLOGIES CORP Cmn 913017109 2,979,075 50,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VALSPAR CORP Cmn 920355104 246,375 7,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VARIAN MEDICAL SYSTEMS INC Cmn 92220P105 915,525 23,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
V F CORP Cmn 918204108 1,338,263 56,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
VIACOM, INC. - CLASS B Cmn 925524308 7,684,731 112,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 282,090,620
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 47 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VIACOM, INC. - CLASS A Cmn 925524100 403,413 5,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VALERO 7.75% MAND. CVT Pfd 91821D107 3,969,075 150,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VALERO ENERGY CORP Cmn 91913Y100 1,555,750 49,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VLASIC FOODS INTL INC Cmn 928559103 56,875 35,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VANTAGEMED CORP Cmn 92208W106 36,250 20,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SEAGRAM CO. LTD Cmn 811850106 626,400 10,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VINTAGE PETROLEUM INC Cmn 927460105 347,463 15,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VTSS 50.0 STRIKE PUT 01/20 Opt (P) 928497106 587,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VERIO INC 10.625% 11/15/2 CB 923433AN6 8,338,000 7,580 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VERIO INC Cmn 923433106 69,355,469 1,250,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VERITAS SOFTWARE 1.856% CB CB 92343RAA1 336,960,202 105,648 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY Cmn 928298108 7,640,613 201,400 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VIAD CORP Cmn 92552R109 239,800 8,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VIATEL INC Cmn 925529208 1,002,544 35,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 431,119,352
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 48 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
VERIZON COMM 4.25% EXCH IN CB 07785GAC4 91,390,020 74,325 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VERIZON COMM 4.25% EXCH IN CB 92343V104 119,311,744 96,640 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
VERIZON COMMUNICATIONS Cmn 92343V104 16,071,994 316,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WINSTAR COMMUNICATIONS INC Cmn 975515107 1,764,888 52,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL Cmn 958102105 375,000 75,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
DELL 30.0 STRIKE PUT 01/19 Opt (P) 247025109 443,750 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 45.0 STRIKE PUT 01/19 Opt (P) 023135106 4,656,250 2,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WELLS FARGO CO Cmn 949746101 697,500 18,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTL INC 0% CB CB 947074AA8 808,125 1,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PSIX 40.000 STRIKE PUT 01/ Opt (P) 74437C101 343,750 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON GAS LIGHT CO Cmn 938837101 283,938 11,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP. Cmn 963320106 2,741,550 58,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
VOD 45 STRIKE PUT 1/19/02 Opt (P) 0719210 330,000 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
IBM 80.0 STRIKE PUT 01/19/ Opt (P) 459200101 1,762,500 3,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 240,981,008
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 49 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
IBM 90.000 STRIKE PUT 01/1 Opt (P) 459200101 862,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB CB 973149AC1 69,477,343 55,598 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CSCO 42.5 STRIKE PUT 01/19 Opt (P) 17275R102 1,012,500 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ Opt (P) 03072H109 318,750 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WELLPOINT HLTH NETWRK -CL Cmn 94973H108 3,180,006 43,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WILLIAMS COMPANIES Cmn 969457100 4,564,781 109,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 50.0 STRIKE PUT 01/19 Opt (P) 594918104 350,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 60.0 STRIKE PUT 01/19 Opt (P) 594918104 750,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 75.0 STRIKE PUT 01/19 Opt (P) 594918104 1,750,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT Cmn 94106L109 1,850,866 97,414 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WAUSAU MOSINEE PAPER CORP Cmn 943315101 101,894 11,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WAL MART STORES INC Cmn 931142103 10,424,363 180,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WESTWOOD ONE Cmn 961815107 1,528,800 44,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
ORCL 50.0 STRIKE PUT 01/19 Opt (P) 68389X105 512,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 96,684,303
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 50 of 52
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WORTHINGTON INDS INC Cmn 981811102 586,950 55,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
HWP 95.000 STRIKE PUT 01/1 Opt (P) 428236103 675,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMAT 60.0 STRIKE PUT 01/19 Opt (P) 038222105 481,000 520 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WASHINGTON POST -CL B Cmn 939640108 525,800 1,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SEPR 85.0 STRIKE PUT 01/19 Opt (P) 817315104 532,500 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
C 40.0 STRIKE PUT 01/19/20 Opt (P) 172967101 250,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORB 15.000 STRIKE PUT 01/1 Opt (P) 685564106 259,375 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
WEIRTON STEEL CORP Cmn 948774104 201,825 62,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WESTVACO CORP Cmn 961548104 712,119 28,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
WMI 12.500 STRIKE PUT 01/1 Opt (P) 94106L109 323,438 2,300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PCS 35.000 STRIKE PUT 01/1 Opt (P) 852061506 330,000 1,600 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PCS 40.000 STRIKE PUT 01/1 Opt (P) 852061506 717,188 2,250 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMD 50.0 STRIKE PUT 01/19/ Opt (P) 007903107 471,875 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ Opt (C) 029912201 566,250 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 6,633,319
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 49 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WESTERN WIRELESS CORP. Cmn 95988E208 872,000 16,000 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
SCH 20.0 STRIKE PUT 01/19/ Opt (P) 808513105 262,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 30.0 STRIKE PUT 01/19 Opt (P) 023135106 2,700,000 3,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 40.0 STRIKE PUT 01/19 Opt (P) 023135106 3,075,000 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MWD 70.000 STRIKE PUT 01/2 Opt (P) 617446448 531,250 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
XLNX 100.0 STRIKE CALL 01/ Opt (C) 983919101 525,000 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP Cmn 30231G102 1,122,550 14,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
LHSP 45.00 STRIKE PUT 09/1 Opt (P) B5628B104 1,046,250 1,800 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LHSP 42.50 STRIKE PUT 09/1 Opt (P) B5628B104 450,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NBCI 75.000 STRIKE PUT 09/ Opt (P) 62873D105 3,125,000 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP Cmn 984121103 11,429,100 550,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
USX CORP Cmn 90337T101 425,081 22,900 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
CTXS 80.00 STRIKE PUT 09/1 Opt (P) 177376100 6,112,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CTXS 90.000 STRIKE PUT 09/ Opt (P) 177376100 2,133,750 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 33,809,981
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 50 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
YAHOO! INC Cmn 984332106 14,505,763 117,100 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
UMG 50.000 STRIKE CALL 07/ Opt (C) 58440J104 15,661,200 9,600 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YHOO 150.00 STRIKE PUT 07/ Opt (P) 984332106 548,750 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YOUNG & RUBICAM INC Cmn 987425105 149,185,031 2,608,700 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 70.000 STRIKE PUT 01/ Opt (P) 023135106 3,475,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 75.000 STRIKE PUT 01/ Opt (P) 023135106 1,962,500 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YHOO 155.00 STRIKE PUT 07/ Opt (P) 984332106 1,600,000 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YHOO 160.00 STRIKE PUT 07/ Opt (P) 984332106 3,296,250 900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 50.00 STRIKE PUT 01/2 Opt (P) 023135106 5,816,250 3,300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 55.000 STRIKE PUT 01/ Opt (P) 023135106 6,234,375 2,850 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MER 80.000 STRIKE PUT 01/2 Opt (P) 590188108 275,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LU 55.000 STRIKE PUT 01/20 Opt (P) 549463107 256,250 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
PSIX 50.000 STRIKE PUT 01/ Opt (P) 74437C101 513,750 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
GP 35.000 STRIKE PUT 01/20 Opt (P) 373298108 370,000 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 203,700,119
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 51 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LEH 80.000 STRIKE PUT 01/2 Opt (P) 524908100 668,750 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SUNW 70.0 STRIKE PUT 01/20 Opt (P) 866810104 207,500 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SUNW 75.000 STRIKE PUT 01/ Opt (P) 866810104 350,000 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ Opt (C) 029912201 570,000 400 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMT 40.000 STRIKE CALL 01/ Opt (C) 029912201 498,750 600 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 75.000 STRIKE PUT 01/ Opt (P) 594918104 1,087,500 2,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 80.000 STRIKE PUT 01/ Opt (P) 594918104 781,250 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 95.000 STRIKE PUT 01/ Opt (P) 594918104 1,712,500 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 Opt (P) 594918104 533,750 2,800 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
QCOM 72.50 STRIKE PUT 01/2 Opt (P) 747525103 2,490,000 1,200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SEPR 60.0 STRIKE CALL 01/2 Opt (C) 817315104 328,750 50 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
SEPR 75.000 STRIKE PUT 01/ Opt (P) 817315104 462,500 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LSI 50.000 STRIKE PUT 01/2 Opt (P) 502161102 906,250 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
MAT 20.000 STRIKE PUT 1/20 Opt (P) 577081102 322,500 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 10,920,000
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 52 of 52
-- --
<TABLE>
<CAPTION>
----------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Voting Authority
(Shares)
-------------------------------- ----------------
Name of Issuer Title of Class CUSIP Fair Maket Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See (a) (b) (c)
Amount in Instr. V Other Instr. V Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
YHOO 140.00 STRIKE PUT 01/ Opt (P) 984332106 1,337,500 400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MU 60.00 STRIKE PUT 01/20/ Opt (P) 595112103 1,037,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 2,375,000
------------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 7,348,411,497
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
