<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: MARCH 31, 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
9/TH/ FLOOR
CHICAGO, IL 60606
13F File Number: 28-5912
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: GERALD A. BEESON
Title: DIRECTOR OF FINANCE AND
ACCOUNTING
Phone: (312) 696-2121
Signature, Place, and Date of Signing:
/s/ Gerald A. Beeson CHICAGO, ILLINOIS 05/15/00
----------------------- ----------------- --------
[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:
CONFIDENTIAL TREATMENT REQUESTED
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 557
Form 13F Information Table Value Total: $7,352,917 (thousands)
List of Other Included Managers:
NONE
<PAGE>
Page 1 of 51
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<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
APPLE COMPUTER INC Cmn 37833100 1,896,078 13,961 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AAPL 40.0 STRIKE PUT 01/20 Opt (P) 37833100 512,500 1,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AAPL 42.50 STRIKE PUT 01/2 Opt (P) 37833100 287,500 500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AIRBORNE FREIGHT Cmn 9266107 1,200,000 50,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMBAC FINANCIAL GROUP INC Cmn 23139108 3,017,463 59,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% CB 048396AA3 216,000 75 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% CB 048396AC9 24,888,960 8,642 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ARMSTRONG HOLDINGS INC Cmn 42384107 756,113 42,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ACTION PERFORMANCE 4.75% CB 004933AB3 1,814,150 3,512 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ALLIANCE CAPITAL MGMT -LP Cmn 01855A101 754,163 18,200 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. CB 577777AA3 11,069,913 6,380 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ANALOG DEVICES INC Cmn 32654105 8,080,419 100,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ADEPT TECHNOLOGY INC Cmn 6854103 300,000 25,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ADVANTA CORP - CLASS B Cmn 7942204 1,205,100 83,200 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 55,998,358 X
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------
(SEC USE ONLY)
----------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
Name of Issuer -------------------------------------
(a) Sole (b) Share (c) None
----------------------------------------------------------------------
<S> <C> <C> <C>
APPLE COMPUTER INC X
----------------------------------------------------------------------
AAPL 40.0 STRIKE PUT 01/20 n/a
----------------------------------------------------------------------
AAPL 42.50 STRIKE PUT 01/2 n/a
----------------------------------------------------------------------
AIRBORNE FREIGHT X
----------------------------------------------------------------------
AMBAC FINANCIAL GROUP INC X
----------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% n/a
----------------------------------------------------------------------
ATLANTIC COAST AIRLINES 7% n/a
----------------------------------------------------------------------
ARMSTRONG HOLDINGS INC X
----------------------------------------------------------------------
ACTION PERFORMANCE 4.75% n/a
----------------------------------------------------------------------
ALLIANCE CAPITAL MGMT -LP X
----------------------------------------------------------------------
ACXIOM (OLD MAY & SPEH) 5. n/a
----------------------------------------------------------------------
ANALOG DEVICES INC X
----------------------------------------------------------------------
ADEPT TECHNOLOGY INC X
----------------------------------------------------------------------
ADVANTA CORP - CLASS B X
----------------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 2 of 51
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<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADVANCED ENERGY 5.25% CB D CB 007973AA8 7,877,644 6,525 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMC ENTERTAINMENT, I 9.5% CB 001669AG5 525,000 1,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMC ENTERTAINMENT Cmn 1669100 910,238 179,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELEC PWR INC Cmn 25537101 2,337,300 78,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AES CORP 4.5% CB DUE 8/15/ CB 00130HAN5 3,062,601 2,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AES CORP. 5.5% CV PFD DUE Pfd 1034305 9,882,426 136,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AES CORP. 6.75% MIPS DUE 1 Pfd 00808N202 635,822 9,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AETHER SYSTEMS 6.00% CB CB 00808VAA3 5,094,375 5,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMFM INC Cmn 1693100 83,576,763 1,345,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
EDWARDS (A G) INC Cmn 281760108 660,000 16,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ALLERGAN INC Cmn 18490102 3,690,000 73,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AGCO CORP. Cmn 1084102 194,513 17,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMERADA HESS CORP Cmn 23551104 1,001,688 15,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
APRIA HEALTHCARE GROUP Cmn 37933108 577,500 40,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 120,025,868
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------
(SEC USE ONLY)
----------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
Name of Issuer -------------------------------------
(a) Sole (b) Share (c) None
----------------------------------------------------------------------
<S> <C> <C> <C>
ADVANCED ENERGY 5.25% CB D n/a
----------------------------------------------------------------------
AMC ENTERTAINMENT, I 9.5% n/a
----------------------------------------------------------------------
AMC ENTERTAINMENT X
----------------------------------------------------------------------
AMERICAN ELEC PWR INC X
----------------------------------------------------------------------
AES CORP 4.5% CB DUE 8/15/ n/a
----------------------------------------------------------------------
AES CORP. 5.5% CV PFD DUE n/a
----------------------------------------------------------------------
AES CORP. 6.75% MIPS DUE 1 n/a
----------------------------------------------------------------------
AETHER SYSTEMS 6.00% CB n/a
----------------------------------------------------------------------
AMFM INC X
----------------------------------------------------------------------
EDWARDS (A G) INC X
----------------------------------------------------------------------
ALLERGAN INC X
----------------------------------------------------------------------
AGCO CORP. X
----------------------------------------------------------------------
AMERADA HESS CORP X
----------------------------------------------------------------------
APRIA HEALTHCARE GROUP X
----------------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 3 of 51
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<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
AK STEEL Cmn 1547108 194,013 18,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ALGOMA STL LTD Cmn 01566M105 883,988 642,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ALPHARMA INC CL-`A' Cmn 20813101 606,375 16,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMER CLASSIC VOYAGES 7% MI Pfd 1648203 989,060 20,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% CB 007903AC1 22,903,161 14,030 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMD 30.000 STRIKE PUT 01/2 Opt (P) 7903107 200,000 1,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMKOR TECHNOLOGY, INC. Cmn 31652100 514,706 9,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN TOWER 2.25% OID CB 029912AD4 96,321,050 64,645 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMERITRADE 5.75% CB CB 03072HAB5 49,358,032 59,265 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMAZON.COM INC 4.75% CB CB 023135AF3 9,860,550 9,970 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ANDOVER.NET INC Cmn 034318105 6,253,319 291,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RII 12.500 STRIKE PUT 01/ Opt (P) 760516104 475,000 1,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ANTEC CORP 4.5% CB CB 03664PAB1 25,601,650 13,250 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
AUTONATION INC Cmn 05329W102 650,081 81,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 214,810,985
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------------
(SEC USE ONLY)
----------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
Name of Issuer -------------------------------------
(a) Sole (b) Shared (c) None
----------------------------------------------------------------------
<S> <C> <C> <C>
AK STEEL X
----------------------------------------------------------------------
ALGOMA STL LTD X
----------------------------------------------------------------------
ALPHARMA INC CL-`A' X
----------------------------------------------------------------------
AMER CLASSIC VOYAGES 7% MI n/a
----------------------------------------------------------------------
ADVANCED MICRO DEVICES 6% n/a
----------------------------------------------------------------------
AMD 30.000 STRIKE PUT 01/2 n/a
----------------------------------------------------------------------
AMKOR TECHNOLOGY, INC. X
----------------------------------------------------------------------
AMERICAN TOWER 2.25% OID n/a
----------------------------------------------------------------------
AMERITRADE 5.75% CB n/a
----------------------------------------------------------------------
AMAZON.COM INC 4.75% CB n/a
----------------------------------------------------------------------
ANDOVER.NET INC X
----------------------------------------------------------------------
RII 12.500 STRIKE PUT 01/ n/a
----------------------------------------------------------------------
ANTEC CORP 4.5% CB n/a
----------------------------------------------------------------------
AUTONATION INC X
----------------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 4 of 51
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<TABLE>
<CAPTION>
------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
------------------------------- Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7: ------------------
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V (a) (b) (c)
in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AOL 0% CB DUE 12/0 CB 02364JAC8 173,596,948 315,250 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 52.500 STRIKE PUT 01/2 Opt (P) 02364J104 1,500,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 57.5000 STRIKE PUT 01/ Opt (P) 02364J104 1,362,500 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 55.000 STRIKE PUT 01/2 Opt (P) 02364J104 593,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 70.00 STRIKE PUT 01/20 Opt (P) 02364J104 3,937,500 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 75.000 STRIKE PUT 01/2 Opt (P) 02364J104 322,500 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AOL 70.000 STRIKE PUT 07/2 Opt (P) 02364J104 1,406,250 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AURORA FOODS INC 9.875% CB 05164BAD8 760,000 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AURORA FOODS INC Cmn 05164B106 717,000 239,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANADARKO 0% CB CB 032511AP2 3,868,007 7,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AIR PRODS & CHEMS INC Cmn 9158106 1,492,969 52,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
APGR 9.03 STRIKE 09/01/00 Wt 39381116 126,563 112,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ARCH COMMUNICATIONS GROUP Cmn 39381504 2,399,788 309,650 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AMPHENOL CORP Cmn 32095101 818,000 8,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 192,901,773
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 5 of 51
- --
<TABLE>
<CAPTION>
------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
------------------------------- Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7: ------------------
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V (a) (b) (c)
in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ADVANCED PHOTONIX INC Cmn 75400000 172,500 40,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ATML 40.000 STRIKE PUT 08 Opt (P) 49513104 456,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATLANTIC RICHFIELD C Cmn 048825103 85,102,000 1,001,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARROWPOINT COMMUNICATIONS Cmn 42810101 592,422 5,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CASMYN CORP Cmn 147619100 2,514 160,906 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARVIN INDUSTRIES Cmn 43339100 264,713 11,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ARROW ELEC. Cmn 42735100 1,751,925 49,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ASPECT DEV INC Cmn 045234101 26,883,000 417,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ASPECT TELECOM INC 0% CB CB 045237AB0 339,710 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ASPECT TELECOM INC 0% CB CB 045237AE4 13,745,028 36,415 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AGL RESOURCES, INC Cmn 1204106 356,475 19,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AT HOME CORP .5246% CB CB 045919AC1 21,231,792 40,301 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATMEL CORP 0% CV BOND CB 049513AB0 6,819,585 4,710 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATML CORP 0% CV BOND CB 049513AC8 163,308,120 113,016 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 321,026,033
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 6 of 51
- --
<TABLE>
<CAPTION>
------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
------------------------------- Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7: ------------------
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V (a) (b) (c)
in Instr. V Other Sole Shared None
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ATML 3.25%/8.25% CB CB 04951PAB1 24,735,000 8,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ASPT 22.500 STRIKE CALL Opt (C) 04523Q102 249,375 150 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ATRIX LABS. 7% REG CB CB 04962LAC5 1,132,598 1,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLTEL CORP Cmn 20039103 11,616,113 184,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ACTIVISION INC Cmn 4930202 447,519 37,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AUTOMATIC DATA PROC Cmn 53015103 10,904,500 226,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVON PRODS INC Cmn 54303102 3,013,781 103,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVNET, INC. Cmn 53807103 346,500 5,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AVERY DENNISON CORP Cmn 53611109 3,413,394 55,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE 7.875% SR. CB 01958XAM9 3,975,000 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ALLIED WASTE INDS INC Cmn 19589308 1,898,531 289,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ANIXTER INTERNATIONAL INC Cmn 35290105 328,925 11,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
AXA FINANCIAL Cmn 2451102 864,588 24,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ASPEN TECH. 5.25.% CB CB 045327AB9 9,649,302 10,076 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 72,575,124
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 7 of 51
- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
----------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a)Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BAANF COMPANY N.V. CB CB 056072AB7 9,270,000 10,300 X n/a
----------------------------------------------------------------------------------------------------------------------------
BCE INC Cmn 05534B109 57,939,581 461,900 X n/a
----------------------------------------------------------------------------------------------------------------------------
BURLINGTON COAT FACTORY Cmn 121579106 242,344 14,100 X n/a
----------------------------------------------------------------------------------------------------------------------------
BARD C R INC Cmn 67383109 2,344,463 60,600 X n/a
----------------------------------------------------------------------------------------------------------------------------
BRUNSWICK CORP Cmn 117043109 897,638 47,400 X n/a
----------------------------------------------------------------------------------------------------------------------------
BLACK & DECKER CORP Cmn 91797100 721,200 19,200 X n/a
----------------------------------------------------------------------------------------------------------------------------
BUDGET GROUP Cmn 119003101 1,432,369 290,100 X n/a
----------------------------------------------------------------------------------------------------------------------------
BECTON DICKINSON & CO Cmn 75887109 4,425,763 168,200 X n/a
----------------------------------------------------------------------------------------------------------------------------
BE AEROSPACE INC Cmn 73302101 1,198,500 204,000 X n/a
----------------------------------------------------------------------------------------------------------------------------
BECKMAN COULTER INC Cmn 75811109 320,938 5,000 X n/a
----------------------------------------------------------------------------------------------------------------------------
BELL ATLANTIC 4.25% EXCH CB 07785GAC4 65,926,266 46,325 X n/a
----------------------------------------------------------------------------------------------------------------------------
BESTFOODS, INC. Cmn 08658U101 6,483,531 138,500 X n/a
----------------------------------------------------------------------------------------------------------------------------
RBAK 120.0 STRIKE CALL Opt (C) 757209101 996,250 100 X n/a
----------------------------------------------------------------------------------------------------------------------------
RBAK 140.0 STRIKE CALL Opt (C) 757209101 4,732,500 600 X n/a
----------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 156,931,341
----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------
(SEC USE ONLY)
---------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
--------------------------------------------------
<S> <C> <C> <C>
BAANF COMPANY N.V. CB n/a
--------------------------------------------------
BCE INC X
--------------------------------------------------
BURLINGTON COAT FACTORY X
--------------------------------------------------
BARD C R INC X
--------------------------------------------------
BRUNSWICK CORP X
--------------------------------------------------
BLACK & DECKER CORP X
--------------------------------------------------
BUDGET GROUP X
--------------------------------------------------
BECTON DICKINSON & CO X
--------------------------------------------------
BE AEROSPACE INC X
--------------------------------------------------
BECKMAN COULTER INC X
--------------------------------------------------
BELL ATLANTIC 4.25% EXCH n/a
--------------------------------------------------
BESTFOODS, INC. X
--------------------------------------------------
RBAK 120.0 STRIKE CALL n/a
--------------------------------------------------
RBAK 140.0 STRIKE CALL n/a
--------------------------------------------------
</TABLE>
<PAGE>
Page 8 of 51
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<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a)Sole As Defined (c)Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
BAUSCH & LOMB INC Cmn 71707103 3,981,906 76,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BOWATER, INC. Cmn 102183100 3,448,025 64,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SALOMON (BROADWING INC) 6. Pfd 79549B867 18,499,095 146,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BIO TECHNOLOGY GENERAL 95 Cmn 90578105 363,258 23,436 X n/a
------------------------------------------------------------------------------------------------------------------------------------
ANHEUSER BUSCH COS Cmn 35229103 11,298,375 181,500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
LAIDLAW INC 11.500% 04/15 CB 398048AH1 2,379,000 3,172 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BIOVAIL CORPORATION 6.75% Pfd 09067J208 5,927,947 130,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 83403EAA6 506,552 1,365 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BEYOND.COM 7.25% CB CB 08860EAA9 12,130,927 32,687 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CONTINENTAL AIRLS INC Cmn 210795308 1,181,288 28,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CBS CORPORATION Cmn 12490K107 72,247,838 1,275,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CHUBB CORP. Cmn 171232101 2,824,113 41,800 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CHRIS-CRAFT INDS Cmn 170520100 396,518 6,226 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COUNTRYWIDE CREDIT IND INC Cmn 222372104 1,305,275 47,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 136,490,116
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------
(SEC USE ONLY)
---------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
---------------------------------------------------
<S> <C> <C> <C>
BAUSCH & LOMB INC X
---------------------------------------------------
BOWATER, INC. X
---------------------------------------------------
SALOMON (BROADWING INC) 6 n/a
---------------------------------------------------
BIO TECHNOLOGY GENERAL 95 X
---------------------------------------------------
ANHEUSER BUSCH COS X
---------------------------------------------------
LAIDLAW INC 11.500% 04/15 n/a
---------------------------------------------------
BIOVAIL CORPORATION 6.75% n/a
---------------------------------------------------
BEYOND.COM 7.25% CB n/a
---------------------------------------------------
BEYOND.COM 7.25% CB n/a
---------------------------------------------------
CONTINENTAL AIRLS INC X
---------------------------------------------------
CBS CORPORATION X
---------------------------------------------------
CHUBB CORP. X
---------------------------------------------------
CHRIS-CRAFT INDS X
---------------------------------------------------
COUNTRYWIDE CREDIT IND IN X
---------------------------------------------------
COLUMN TOTALS
---------------------------------------------------
</TABLE>
<PAGE>
Page 9 of 51
- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a)Sole As Defined (c)Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CIRCUIT CITY STORES INC- Cmn 172737108 1,016,613 16,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP RIGHTS Wt 151313111 900,000 80,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CORDANT TECHNOLOGIES INC Cmn 218412104 1,312,250 23,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COMDISCO INC Cmn 200336105 4,619,888 104,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CD RADIO INC WARR 28.60 Wt 125127134 6,918,400 46,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CENDANT CORP Cmn 151313103 803,030 43,407 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CONCORD EFS INC Cmn 206197105 3,706,700 161,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CELL GENESYS 5% (05) SERIES Pfd 150921104 2,340,952 152 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CRESENT REAL ESTATE 6.75% Pfd 225756204 328,165 23,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID CB 109473AA6 652,813 1,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
BRIGHTPOINT 0% OID CB 109473AC2 1,374,344 4,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CEPHALON 7.25% CNV PFD Pfd 156708307 398,198 3,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COASTAL CORP 6.625% FELINE Pfd 190441865 1,944,650 71,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CHAMPION INT'L CORP Cmn 158525105 36,737,175 689,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 63,053,177
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------
(SEC USE ONLY)
-----------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
--------------------------------------------------
<S> <C> <C> <C>
CIRCUIT CITY STORES INC- X
--------------------------------------------------
CENDANT CORP RIGHTS n/a
--------------------------------------------------
CORDANT TECHNOLOGIES INC X
--------------------------------------------------
COMDISCO INC X
--------------------------------------------------
CD RADIO INC WARR 28.60 n/a
--------------------------------------------------
CENDANT CORP X
--------------------------------------------------
CONCORD EFS INC X
--------------------------------------------------
CELL GENESYS 5% (05) SERIE n/a
--------------------------------------------------
CRESENT REAL ESTATE 6.75% n/a
--------------------------------------------------
BRIGHTPOINT 0% OID n/a
--------------------------------------------------
BRIGHTPOINT 0% OID n/a
--------------------------------------------------
CEPHALON 7.25% CNV PFD n/a
--------------------------------------------------
COASTAL CORP 6.625% FELINE n/a
--------------------------------------------------
CHAMPION INT'L CORP X
--------------------------------------------------
COLUMN TOTALS
--------------------------------------------------
</TABLE>
<PAGE>
Page 10 of 51
-- --
<TABLE>
<CAPTION>
------------------
FORM 13 F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 8: Voting
Item 6: Authority (Shares)
Investment Discretion ------------------
Item 1: Item 2: Item 3: Item 4: Item 5: ---------------------------------- Item 7:
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See (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>
CHEVRON Cmn 166751107 6,470,625 70,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHYRON CORP Cmn 171605207 556,250 50,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CINERGY CORP Cmn 172474108 1,778,050 82,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CARMIKE CINEMAS INC -CL A Cmn 143436103 395,306 72,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHECKFREE HOLDINGS CORP Cmn 162816102 634,500 9,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHECKPOINT SYSTEMS 5.25% Pfd 162825103 673,452 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CROMPTON CORP Cmn 227116100 563,369 55,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CLOROX CO Cmn 189054109 1,865,500 57,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN BANK Cmn 16161A108 9,433,688 108,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CUMULUS MEDIA Cmn 231082108 948,750 66,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CREDENCE SYS. REG 5.25% CB CB 225302AC2 17,706,076 9,623 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMS ENERGY 8.75% CV Pfd 125896308 17,008,863 670,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AF2 708,208 160 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COMVERSE TECH 4.5% CB CB 205862AG0 19,431,455 4,390 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 78,174,091
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 11 of 51
-- --
<TABLE>
<CAPTION>
------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 8: Voting
Item 6: Authority (Shares)
Investment Discretion ------------------
Item 1: Item 2: Item 3: Item 4: Item 5: ---------------------------------- Item 7:
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See (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>
CAREMARK RX INC 6.5% Pfd 58503X206 1,459,350 216,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONSECO INC. Cmn 208464107 7,187,325 628,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONCENTRIC NETWORK CORP Cmn 20589R107 137,782,590 2,505,138 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB CB 125945AA3 1,265,176 860 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CNET NETWORKS INC. 5.00% CB CB 125945AC9 7,357,267 5,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CNF TRANSPORTATION Cmn 12612W104 1,592,850 57,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONSOLIDATED STORES CORP Cmn 210149100 219,538 19,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AA8 10,768,848 3,420 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONEXANT SYSTEMS 4.25% CB CB 207142AB6 235,355,989 74,745 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONEXANT 4.0% CB CB 207142AD2 840,488 930 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CONOCO CL B Cmn 208251405 12,806,351 499,760 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CONE MILLS CORP Cmn 206814105 431,250 100,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COHERENT INC Cmn 192479103 821,600 15,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
3 COM CORP Cmn 885535104 27,139,438 487,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 445,028,057
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 12 of 51
-- --
<TABLE>
<CAPTION>
------------------
FORM 13 F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
---------------------------- Authority (Shares)
Item 7:------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Managers
Name of Issuer Title of CUSIP Fair Maket Shares of (b) Shared See
Class Number Value Principal (a) Sole As Defined (c) Shared- 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>
CARRIER 2.0 STRIKE 02/15/2 Wt 144500113 1,129,360 2,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CARRIER1 INTL -ADR 5:1 Cmn 144500303 220,875 11,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COX COMMS 7% FELINE PRIDES Pfd 224044305 6,129,906 95,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COX COMMUNICATIONS 7.75% Pfd 224044503 27,674,225 231,100 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CMVT 85.0 STRIKE PUT 10/21 Opt(P) 205862402 845,000 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CIRRUS LOGIC, INC. 6% CB CB 172755AC4 5,463,494 5,923 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CRANE CO Cmn 224399105 777,563 33,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CISCO SYS INC Cmn 17275R102 11,212,400 145,027 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CINTAS CORP Cmn 172908105 1,285,350 32,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS INC 0% DUE 3/22 CB 177376AA8 6,713,681 7,080 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CITRIX SYS 0% CB DUE 3/22 CB 177376AB6 206,531,352 217,800 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
CUMMINS ENGINE Cmn 231021106 1,829,294 48,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
CITIGROUP INC Cmn 172967101 2,814,378 47,450 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 272,626,877
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 13 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
---------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7:
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V
In Instr. V Other
------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CVS CORP 6% DEBT PERC Pfd 126645209 4,948,125 72,500 X n/a
------------------------------------------------------------------------------------------------------------------------
CV THERAPEUTICS INC Cmn 126667104 702,625 14,000 X n/a
------------------------------------------------------------------------------------------------------------------------
CSCO 50.0 STRIKE PUT 01/20 Opt (P) 17275R102 556,250 2,000 X n/a
------------------------------------------------------------------------------------------------------------------------
CSCO 55.000 STRIKE PUT 01/ Opt (P) 17275R102 450,000 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------
CSCO 60.000 STRIKE PUT 01/ Opt (P) 17275R102 862,500 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------
CYPRESS SEMICONDUCTOR 6% CB 232806AD1 2,731,996 1,291 X n/a
------------------------------------------------------------------------------------------------------------------------
CENTENNIAL COMMUNICATIONS Cmn 15133V208 2,061,700 84,800 X n/a
------------------------------------------------------------------------------------------------------------------------
DOUBLECLICK 4.75% CB CB 258609AC0 66,617,827 28,699 X n/a
------------------------------------------------------------------------------------------------------------------------
DELL COMPUTER Cmn 247025109 2,652,484 49,177 X n/a
------------------------------------------------------------------------------------------------------------------------
D R HORTON INC Cmn 23331A109 165,894 12,700 X n/a
------------------------------------------------------------------------------------------------------------------------
DII GROUP INC Cmn 232949107 142,402,219 1,259,500 X n/a
------------------------------------------------------------------------------------------------------------------------
DISNEY WALT CO Cmn 254687106 1,857,738 44,900 X n/a
------------------------------------------------------------------------------------------------------------------------
DOW JONES & CO INC Cmn 260561105 3,561,900 49,600 X n/a
------------------------------------------------------------------------------------------------------------------------
DELTA & PINE LAND CO Cmn 247357106 4,177,125 211,500 X n/a
------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 233,748,383
------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------
(SEC USE ONLY)
-------------------
Item 8:
Voting
Item 1: Authority (Shares)
-------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
-----------------------------------------------
<S> <C> <C> <C>
CVS CORP 6% DEBT PERC n/a
-----------------------------------------------
CV THERAPEUTICS INC X
-----------------------------------------------
CSCO 50.0 STRIKE PUT 01/20 n/a
-----------------------------------------------
CSCO 55.000 STRIKE PUT 01/ n/a
-----------------------------------------------
CSCO 60.000 STRIKE PUT 01/ n/a
-----------------------------------------------
CYPRESS SEMICONDUCTOR 6% n/a
-----------------------------------------------
CENTENNIAL COMMUNICATIONS X
-----------------------------------------------
DOUBLECLICK 4.75% CB n/a
-----------------------------------------------
DELL COMPUTER X
-----------------------------------------------
D R HORTON INC X
-----------------------------------------------
DII GROUP INC X
-----------------------------------------------
DISNEY WALT CO X
-----------------------------------------------
DOW JONES & CO INC X
-----------------------------------------------
DELTA & PINE LAND CO X
-----------------------------------------------
COLUMN TOTALS
-----------------------------------------------
</TABLE>
<PAGE>
Page 14 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
-----------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7:
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V
In Instr. V Other
-----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
DOVER CORP Cmn 260003108 2,805,475 58,600 X n/a
-----------------------------------------------------------------------------------------------------------------------
AMDOCS TRACES 6.75% DUE Pfd 02342R202 16,080,182 257,000 X n/a
-----------------------------------------------------------------------------------------------------------------------
DQE INC Cmn 23329J104 650,650 14,300 X n/a
-----------------------------------------------------------------------------------------------------------------------
DREYER'S GRAND ICE CREAM Cmn 261878102 1,439,425 55,900 X n/a
-----------------------------------------------------------------------------------------------------------------------
DALLAS SEMICONDUCTOR CORP Cmn 235204104 674,400 19,200 X n/a
-----------------------------------------------------------------------------------------------------------------------
DUKE ENERGY Cmn 264399106 572,250 10,900 X n/a
-----------------------------------------------------------------------------------------------------------------------
DURA PHARMACETICALS 3.5% CB 26632SAA7 451,824 550 X n/a
-----------------------------------------------------------------------------------------------------------------------
DAISYTEK INTL CORP Cmn 234053106 1,837,413 116,200 X n/a
-----------------------------------------------------------------------------------------------------------------------
BRINKER INTL INC Cmn 109641100 1,555,625 52,400 X n/a
-----------------------------------------------------------------------------------------------------------------------
ELECTRONIC DATA SYSTEMS Cmn 285661104 12,227,719 190,500 X n/a
-----------------------------------------------------------------------------------------------------------------------
ELECTRONICS FOR IMAGING Cmn 286082102 1,200,000 20,000 X n/a
-----------------------------------------------------------------------------------------------------------------------
EASTERN ENTERPRISES Cmn 27637F100 1,089,725 18,200 X n/a
-----------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER MAND. 6.25% Pfd 518437207 24,282,638 283,800 X n/a
-----------------------------------------------------------------------------------------------------------------------
ESTEE LAUDER TRACES 6.25% Pfd 518438205 8,991,488 97,800 X n/a
-----------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 73,858,812
-----------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------
(SEC USE ONLY)
-------------------
Item 8:
Voting
Item 1: Authority (Shares)
-------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
------------------------------------------------
<S> <C> <C> <C>
DOVER CORP X
------------------------------------------------
AMDOCS TRACES 6.75% DUE n/a
------------------------------------------------
DQE INC X
------------------------------------------------
DREYER'S GRAND ICE CREAM X
------------------------------------------------
DALLAS SEMICONDUCTOR CORP X
------------------------------------------------
DUKE ENERGY X
------------------------------------------------
DURA PHARMACETICALS 3.5% n/a
------------------------------------------------
DAISYTEK INTL CORP X
------------------------------------------------
BRINKER INTL INC X
------------------------------------------------
ELECTRONIC DATA SYSTEMS X
------------------------------------------------
ELECTRONICS FOR IMAGING X
------------------------------------------------
EASTERN ENTERPRISES X
------------------------------------------------
ESTEE LAUDER MAND. 6.25% n/a
------------------------------------------------
ESTEE LAUDER TRACES 6.25% n/a
------------------------------------------------
COLUMN TOTALS
------------------------------------------------
</TABLE>
<PAGE>
Page 15 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
--------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
----------------------------------
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7:
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared- Instr. V
In Instr. V Other
--------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
EARTHLINK INC 5% CB CB 602683AA2 26,608,313 26,675 X n/a
--------------------------------------------------------------------------------------------------------------------
EMC CORPORATION Cmn 268648102 5,950,000 47,600 X n/a
--------------------------------------------------------------------------------------------------------------------
EL PASO ENERGY CORP Cmn 283905107 2,741,463 67,900 X n/a
--------------------------------------------------------------------------------------------------------------------
EQUITY RESIDENTIAL PPTYS Cmn 29476L107 518,419 12,900 X n/a
--------------------------------------------------------------------------------------------------------------------
EQUITABLE RESOURCES INC Cmn 294549100 201,656 4,500 X n/a
--------------------------------------------------------------------------------------------------------------------
SEPR 57.50 STRIKE CALL 07/ Opt (C) 817315104 221,250 100 X n/a
--------------------------------------------------------------------------------------------------------------------
SEPR 52.50 STRIKE PUT 07/2 Opt (P) 817315104 209,375 500 X n/a
--------------------------------------------------------------------------------------------------------------------
SEPR 65.00 STRIKE PUT 07/2 Opt (P) 817315104 900,000 1,000 X n/a
--------------------------------------------------------------------------------------------------------------------
SEPR 90.00 STRIKE PUT 07/2 Opt (P) 817315104 1,200,000 500 X n/a
--------------------------------------------------------------------------------------------------------------------
ELECTRO SCIENTIFIC INDS Cmn 285229100 406,000 7,000 X n/a
--------------------------------------------------------------------------------------------------------------------
EXPRESS SCRIPTS INC -CL A Cmn 302182100 878,640 20,920 X n/a
--------------------------------------------------------------------------------------------------------------------
ETOYS 6.25% CB CB 297862AA2 588,338 1,500 X n/a
--------------------------------------------------------------------------------------------------------------------
WEBS MEXICO INDEX SERIES Cmn 464286822 829,688 45,000 X n/a
--------------------------------------------------------------------------------------------------------------------
EXODUS COMMUNICATIONS Cmn 302088109 913,250 6,500 X n/a
--------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 42,166,391
--------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------
(SEC USE ONLY)
-------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------
Name of Issuer
(a) (b) (c)
Sole Shared None
-----------------------------------------------------
<S> <C> <C> <C>
EARTHLINK INC 5% CB n/a
-----------------------------------------------------
EMC CORPORATION X
-----------------------------------------------------
EL PASO ENERGY CORP X
-----------------------------------------------------
EQUITY RESIDENTIAL PPTYS X
-----------------------------------------------------
EQUITABLE RESOURCES INC X
-----------------------------------------------------
SEPR 57.50 STRIKE CALL 07/ n/a
-----------------------------------------------------
SEPR 52.50 STRIKE PUT 07/2 n/a
-----------------------------------------------------
SEPR 65.00 STRIKE PUT 07/2 n/a
-----------------------------------------------------
SEPR 90.00 STRIKE PUT 07/2 n/a
-----------------------------------------------------
ELECTRO SCIENTIFIC INDS X
-----------------------------------------------------
EXPRESS SCRIPTS INC -CL A X
-----------------------------------------------------
ETOYS 6.25% CB n/a
-----------------------------------------------------
WEBS MEXICO INDEX SERIES X
-----------------------------------------------------
EXODUS COMMUNICATIONS X
-----------------------------------------------------
COLUMN TOTALS
-----------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 13F
Page 16 of 51 Name of Reporting Manager Citadel Limited Partnership
-- --
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
<S> <C> <C> <C> <C> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------------------------------------
IXNET INC Cmn 46601C109 7,000,525 152,600 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
EXIDE CORP Cmn 302051107 2,007,357 169,935 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FIBERCORE INC Cmn 31563B109 693,984 117,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FLEET BOSTON FINANCIAL Cmn 339030108 16,001,600 438,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
CKFR 55.000 STRIKE PUT 08/ Opt (P) 162825103 200,000 250 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
CKFR 75.000 STRIKE PUT 08/ Opt (P) 162825103 361,250 200 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FIRST DATA CORP Cmn 319963104 354,000 8,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FAMILY DOLLAR STORES Cmn 307000109 2,437,144 117,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FEDEX CORPORATION Cmn 31428X106 6,891,300 176,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FLC 9.5 STRIKE 05/01/2009 Wt 74912E123 3,075,745 6,520 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FRONTLINE CAPITAL GROUP Cmn 35921N101 880,000 20,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FANNIE MAE Cmn 313586109 2,539,688 45,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FINOVA GROUP INC Cmn 317928109 549,769 32,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FERRO CORP Cmn 315405100 197,719 11,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,190,080
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
-------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
-----------------------------------------------------------------
<S> <C> <C> <C>
IXNET INC X
-----------------------------------------------------------------
EXIDE CORP X
-----------------------------------------------------------------
FIBERCORE INC X
-----------------------------------------------------------------
FLEET BOSTON FINANCIAL X
-----------------------------------------------------------------
CKFR 55.000 STRIKE PUT 08/ n/a
-----------------------------------------------------------------
CKFR 75.000 STRIKE PUT 08/ n/a
-----------------------------------------------------------------
FIRST DATA CORP X
-----------------------------------------------------------------
FAMILY DOLLAR STORES X
-----------------------------------------------------------------
FEDEX CORPORATION X
-----------------------------------------------------------------
FLC 9.5 STRIKE 05/01/2009 n/a
-----------------------------------------------------------------
FRONTLINE CAPITAL GROUP X
-----------------------------------------------------------------
FANNIE MAE X
-----------------------------------------------------------------
FINOVA GROUP INC X
-----------------------------------------------------------------
FERRO CORP X
-----------------------------------------------------------------
COLUMN TOTALS
-----------------------------------------------------------------
</TABLE>
<PAGE>
Page 17 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
FON 82.000 STRIKE PUT 04/0 Opt (P) 852061100 6,650,000 3,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FORTUNE BRANDS INC. Cmn 349631101 1,682,500 67,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FEDERAL HOME LN MTG Cmn 313400301 1,095,850 24,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FOREST LABORATORIES -CL Cmn 345838106 1,056,250 12,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FOUR SEASONS 0% CB DUE 9/2 CB 35100EAD6 19,273,713 68,285 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FOREST OIL CORP Cmn 346091606 1,398,250 131,600 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
FWIS 0.01 STRIKE 04/15/200 Wt 337625115 419,840 2,560 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GREAT ATLANTIC & PAC TEA Cmn 390064103 526,500 27,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING 6.375% CON Pfd 37932J202 217,620 2,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING 6.375% CON Pfd 37932J202 33,513,480 308,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL CROSSING 7% PERP Pfd G3921A142 122,588,620 506,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL LIGHT TELECOMM Cmn 37934X100 1,640,000 80,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GETTY IMAGES 5.0% CB DUE CB 374276AD5 1,530,144 1,910 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CORP Cmn 369604103 32,698,006 210,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 224,290,773
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
-------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
-----------------------------------------------------------------
<S> <C> <C> <C>
FON 82.000 STRIKE PUT 04/0 n/a
-----------------------------------------------------------------
FORTUNE BRANDS INC. X
-----------------------------------------------------------------
FEDERAL HOME LN MTG X
-----------------------------------------------------------------
FOREST LABORATORIES -CL X
-----------------------------------------------------------------
FOUR SEASONS 0% CB DUE 9/2 n/a
-----------------------------------------------------------------
FOREST OIL CORP X
-----------------------------------------------------------------
FWIS 0.01 STRIKE 04/15/200 n/a
-----------------------------------------------------------------
GREAT ATLANTIC & PAC TEA X
-----------------------------------------------------------------
GLOBAL CROSSING 6.375% CON n/a
-----------------------------------------------------------------
GLOBAL CROSSING 6.375% CON n/a
-----------------------------------------------------------------
GLOBAL CROSSING 7% PERP n/a
-----------------------------------------------------------------
GLOBAL LIGHT TELECOMM X
-----------------------------------------------------------------
GETTY IMAGES 5.0% CB DUE n/a
-----------------------------------------------------------------
GENERAL ELECTRIC CORP X
-----------------------------------------------------------------
COLUMN TOTALS
-----------------------------------------------------------------
</TABLE>
<PAGE>
Page 18 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
GEORGIA GULF CORP Cmn 373200203 569,400 21,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GENESIS HEALTH VENTURES Cmn 371912106 192,019 279,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GREAT LAKES CHEM CORP Cmn 390568103 680,000 20,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL MARINE Cmn 379352404 697,813 27,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
CORNING INC Cmn 219350105 13,549,930 69,845 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GATX CORPORATION CB 361448103 748,600 19,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GENERAL MOTORS Cmn 370442105 37,315,313 450,600 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GEORGIA PACIFIC 7.5% PEPS Pfd 373298801 1,212,575 28,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
W.R. GRACE & CO. Cmn 38388F108 634,375 50,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GS 80.000 STRIKE PUT 01/20 Opt (P) 381419104 208,250 340 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD. Cmn 379364870 635,000 20,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GTE CORP Cmn 362320103 78,096,734 1,099,954 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GTECH HOLDINGS CORP Cmn 400518106 258,019 13,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
GLOBAL TELESYSTEMS 5.75% CB 37936UAE4 9,119,801 10,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 143,917,827
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
-------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
-----------------------------------------------------------------
<S> <C> <C> <C>
GEORGIA GULF CORP X
-----------------------------------------------------------------
GENESIS HEALTH VENTURES X
-----------------------------------------------------------------
GREAT LAKES CHEM CORP X
-----------------------------------------------------------------
GLOBAL MARINE X
-----------------------------------------------------------------
CORNING INC X
-----------------------------------------------------------------
GATX CORPORATION n/a
-----------------------------------------------------------------
GENERAL MOTORS X
-----------------------------------------------------------------
GEORGIA PACIFIC 7.5% PEPS n/a
-----------------------------------------------------------------
W.R. GRACE & CO. X
-----------------------------------------------------------------
GS 80.000 STRIKE PUT 01/20 n/a
-----------------------------------------------------------------
GLOBALSTAR TELCOMM. LTD. X
-----------------------------------------------------------------
GTE CORP X
-----------------------------------------------------------------
GTECH HOLDINGS CORP X
-----------------------------------------------------------------
GLOBAL TELESYSTEMS 5.75% n/a
-----------------------------------------------------------------
COLUMN TOTALS
-----------------------------------------------------------------
</TABLE>
<PAGE>
Page 19 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
GOODYEAR TIRE Cmn 382550101 2,121,438 91,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
GILLETTE CO Cmn 375766102 6,855,356 181,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
GREY WOLF INC Cmn 397888108 401,625 102,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HALLIBURTON CO Cmn 406216101 4,009,800 97,800 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HILLENBRAND INDUSTRIES Cmn 431573104 312,800 9,200 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HANOVER COMPRESSOR Cmn 410768105 1,672,125 29,400 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HOME DEPOT COMMON HD Cmn 437076102 9,326,700 144,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HERBALIFE INTL - CL B COMM Cmn 426908307 497,169 37,700 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES Cmn 444903108 1,561,575 18,800 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HOUSEHOLD INTL INC. Cmn 441815107 3,007,388 80,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HEALTHEXTRAS INC Cmn 422211102 112,500 25,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HOLLYWOOD ENTMT CORP Cmn 436141105 3,345,938 415,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% REG CB 403917AD9 1,035,000 2,250 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HEILIG MEYERS CO Cmn 422893107 173,250 44,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 34,432,663
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------
(SEC USE ONLY)
-----------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
GOODYEAR TIRE X
--------------------------------------------------------------------------------------
GILLETTE CO X
--------------------------------------------------------------------------------------
GREY WOLF INC X
--------------------------------------------------------------------------------------
HALLIBURTON CO X
--------------------------------------------------------------------------------------
HILLENBRAND INDUSTRIES X
--------------------------------------------------------------------------------------
HANOVER COMPRESSOR X
--------------------------------------------------------------------------------------
HOME DEPOT COMMON HD X
--------------------------------------------------------------------------------------
HERBALIFE INTL - CL B COM X
--------------------------------------------------------------------------------------
HUMAN GENOME SCIENCES X
--------------------------------------------------------------------------------------
HOUSEHOLD INTL INC. X
--------------------------------------------------------------------------------------
HEALTHEXTRAS INC X
--------------------------------------------------------------------------------------
HOLLYWOOD ENTMT CORP X
--------------------------------------------------------------------------------------
HMT TECHNOLOGY 5.75% REG n/a
--------------------------------------------------------------------------------------
HEILIG MEYERS CO X
--------------------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 20 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
HNC SOFTWARE, INC. 4.75% CB 40425PAA5 52,786,266 31,950 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HONEYWELL INTL Cmn 438516106 1,527,938 29,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
STARWOOD HOTELS & RESORT Cmn 85590A203 3,331,125 126,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HOUSTON INTO TIME WARNER Pfd 442161204 20,341,967 123,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HELMERICH & PAYNE INC Cmn 423452101 1,264,800 40,800 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HANNAFORD BROTHERS CO Cmn 410550107 33,040,000 448,800 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HARRIS CORP DEL Cmn 413875105 908,994 26,300 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HARSCO CORP Cmn 415864107 347,250 12,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HERSHEY FOODS CORP Cmn 427866108 3,934,125 80,700 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HARCOURT GENERAL Cmn 41163G101 856,750 23,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HWP 115.00 STRIKE PUT 01/2 Opt (P) 428236103 625,000 500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HWP 110.0 STRIKE PUT 11/18 Opt (P) 428236103 987,500 1,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
HEWLETT PACKARD CO Cmn 428236103 15,059,100 113,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
IBASIS 5.75% CB DUE 3/15/2 CB 450732AA0 10,076,606 15,500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 145,087,421
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------
(SEC USE ONLY)
-----------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------------
<S> <C> <C> <C>
HNC SOFTWARE, INC. 4.75% n/a
--------------------------------------------------------------------------------
HONEYWELL INTL X
--------------------------------------------------------------------------------
STARWOOD HOTELS & RESORT X
--------------------------------------------------------------------------------
HOUSTON INTO TIME WARNER n/a
--------------------------------------------------------------------------------
HELMERICH & PAYNE INC X
--------------------------------------------------------------------------------
HANNAFORD BROTHERS CO X
--------------------------------------------------------------------------------
HARRIS CORP DEL X
--------------------------------------------------------------------------------
HARSCO CORP X
--------------------------------------------------------------------------------
HERSHEY FOODS CORP X
--------------------------------------------------------------------------------
HARCOURT GENERAL X
--------------------------------------------------------------------------------
HWP 115.00 STRIKE PUT 01/2 n/a
--------------------------------------------------------------------------------
HWP 110.0 STRIKE PUT 11/18 n/a
--------------------------------------------------------------------------------
HEWLETT PACKARD CO X
--------------------------------------------------------------------------------
IBASIS 5.75% CB DUE 3/15/2 n/a
--------------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 21 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Define (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IBM 100.00 STRIKE PUT 01/2 Opt (P) 459200101 1,437,500 2,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IBM Cmn 459200101 11,115,600 94,200 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INTERNET CAP GP 5.5% CB CB 46059CAA4 5,790,730 6,539 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IDACORP INC Cmn 451107106 417,000 12,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB CB 449370AA3 11,281,471 8,475 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IDEC PHARM. 0% CB DUE 2/16 CB 449370AC9 197,043,068 148,025 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INTEGRATED DEVICE TECH INC Cmn 458118106 954,963 24,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INTL FLAVORS & FRAGRANCES Cmn 459506101 834,488 23,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IMC GLOBAL INC Cmn 449669100 559,594 38,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INFOCUS CORP Cmn 45665B106 537,188 15,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INPRISE CORPORATION Cmn 45766C102 15,048,465 2,208,949 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INTEL Cmn 458140100 16,865,966 127,833 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
IPC COMMUNICATIONS INC Cmn 44980K206 27,974,800 135,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
INTERNATIONAL PAPER CO. Cmn 460146103 1,286,775 30,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 29,147,607
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------
(SEC USE ONLY)
-----------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
----------------------------------------------------------------------
<S> <C> <C> <C>
IBM 100.00 STRIKE PUT 01/2 n/a
----------------------------------------------------------------------
IBM X
----------------------------------------------------------------------
INTERNET CAP GP 5.5% CB n/a
----------------------------------------------------------------------
IDACORP INC X
----------------------------------------------------------------------
IDEC PHARMACEUTICALS 0% CB n/a
----------------------------------------------------------------------
IDEC PHARM. 0% CB DUE 2/16 n/a
----------------------------------------------------------------------
INTEGRATED DEVICE TECH INC X
----------------------------------------------------------------------
INTL FLAVORS & FRAGRANCES X
----------------------------------------------------------------------
IMC GLOBAL INC X
----------------------------------------------------------------------
INFOCUS CORP X
----------------------------------------------------------------------
INPRISE CORPORATION X
----------------------------------------------------------------------
INTEL X
----------------------------------------------------------------------
IPC COMMUNICATIONS INC X
----------------------------------------------------------------------
INTERNATIONAL PAPER CO. X
----------------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------------
</TABLE>
<PAGE>
Page 22 of 51
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
-------------------------------- Item 7: Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Managers ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Defined (c) Shared 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>
INGERSOLL-RAND 6.75% DP Pfd 456867209 4,399,063 201,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
DIGITAL ISLAND 6% CB CB 25385NAA9 10,331,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
INTERMUNE PHARMACEUTICALS Cmn 45885B100 538,313 2,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ITEMUS INC Cmn 46564Q103 193,750 100,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
INTERVU INC Cmn 46114R106 35,811,000 397,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
I2 TECH. 5.25% CB CB 465754AD1 875,000 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ILLINOIS TOOL WKS INC Cmn 452308109 1,408,875 25,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
IT GROUP INC Cmn 465266104 381,150 50,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
PENNEY J C INC Cmn 708160106 608,388 40,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
HARLAND (JOHN H.) CO Cmn 805897AA3 1,076,094 1,420 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JOHNSON & JOHNSON Cmn 478160104 3,076,514 43,911 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JUNIPER 4.75% CB DUE 3/15 CB 48203RAA2 71,610,375 71,700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MORGAN J P & CO INC Cmn 616880100 9,907,600 75,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
JEFFERSON PILOT CORP Cmn 475070108 1,730,625 26,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 141,947,996
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 23 of 51
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
-------------------------------- Item 7: Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Managers ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Defined (c) Shared 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>
KAUFMAN & BROAD 8.25% CP Pfd 486168503 2,644,210 376,400 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
KEY ENERGY GROUP INC Cmn 492914106 892,800 76,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KEMET CORP Cmn 488360108 1,897,500 30,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KOMAG INC Cmn 500453105 1,765,547 465,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KIMBERLY CLARK CORP Cmn 494368103 828,800 14,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KERR MCGEE CORP Cmn 492386107 2,673,825 46,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COCA COLA CO Cmn 191216100 15,681,819 334,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KOHLS CORP Cmn 500255104 10,680,500 104,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KANSAS CITY SOUTHN INDS Cmn 485170104 7,932,031 92,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
KELLOG CO Cmn 487836108 3,262,063 172,300 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LONGVIEW FIBRE CO Cmn 543213102 224,200 15,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LHS GROUP INC Cmn 501938104 450,000 10,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LERNOUT & HAUSPIE 4.75% Pfd 501608202 16,281,765 171,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ELI LILLY Cmn 532457108 2,816,100 44,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 68,031,159
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 24 of 51
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
-------------------------------- Item 7: Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Managers ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Defined (c) Shared 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>
LIBERTY MEDIA 4.00 cb CB 530715AG6 1,027,210 660 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LOCKHEED MARTIN CORP Cmn 539830109 1,070,925 52,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LEGG MASON Cmn 524901105 800,125 18,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LINCOLN NATL CORP Cmn 534187109 231,150 6,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
ALLIANT ENERGY CORP Cmn 18802108 413,950 13,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LODGIAN (WAS SERVICO) 7% Pfd 540217205 654,006 40,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LORAL SPACE & COMM 6% Pfd G56462149 27,639,537 877,333 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LOUISIANA-PACIFIC CORP Cmn 546347105 1,537,350 110,800 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LAM RESEARCH 5% CB CB 512807AC2 111,646,980 69,144 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LANIER WORLDWIDE INC Pfd 51589L105 1,327,219 643,500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LSI 4% CB DUE 2/15/2005 CB 502161AE2 4,926,983 4,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LONE STAR TECHNOLOGIES INC Cmn 542312103 256,438 5,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
LUCENT TECHNOLOGIES INC Cmn 549463107 3,256,200 53,600 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWEST AIRLINES Cmn 844741108 3,192,638 153,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 157,980,710
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 25 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
LEVEL THREE 6% CB CB 52729NAG5 41,610,650 23,875 X
-------------------------------------------------------------------------------------------------------------------------------
LOEWEN GROUP INC 8.25% 04 CB 54042DAG3 220,000 500 X
-------------------------------------------------------------------------------------------------------------------------------
LYO 12.500 STRIKE CALL Opt (C) 552078107 268,250 740 X
-------------------------------------------------------------------------------------------------------------------------------
LA-Z-BOY CHAIR CO Cmn 505336107 232,163 15,100 X
-------------------------------------------------------------------------------------------------------------------------------
MATTEL INC Cmn 577081102 639,297 61,250 X
-------------------------------------------------------------------------------------------------------------------------------
MAVERICK TUBE CORP Cmn 577914104 648,750 20,000 X
-------------------------------------------------------------------------------------------------------------------------------
MAY DEPT STORES CO Cmn 577778103 1,382,250 48,500 X
-------------------------------------------------------------------------------------------------------------------------------
MICROCHIP TECHNOLOGY INC Cmn 595017104 2,482,786 37,761 X
-------------------------------------------------------------------------------------------------------------------------------
McLeodUSA Inc. 6.75% Pfd 582266201 83,053,385 112,500 X
-------------------------------------------------------------------------------------------------------------------------------
MCDERMOTT INC Cmn 580037109 160,781 17,500 X
-------------------------------------------------------------------------------------------------------------------------------
MEDIMMUNE INC Cmn 584699102 4,168,378 23,939 X
-------------------------------------------------------------------------------------------------------------------------------
MEDIA GENERAL -CL A Cmn 584404107 246,163 4,700 X
-------------------------------------------------------------------------------------------------------------------------------
MELLON FINANCIAL CORP Cmn 58551A108 7,174,400 243,200 X
-------------------------------------------------------------------------------------------------------------------------------
MERCURY INTERACTIVE CORP Cmn 589405109 7,925,000 100,000 X
-------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 150,212,252
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
LEVEL THREE 6% CB n/a n/a
--------------------------------------------------------------------------------
LOEWEN GROUP INC 8.25% 04 n/a n/a
--------------------------------------------------------------------------------
LYO 12.500 STRIKE CALL n/a n/a
--------------------------------------------------------------------------------
LA-Z-BOY CHAIR CO n/a X
--------------------------------------------------------------------------------
MATTEL INC n/a X
--------------------------------------------------------------------------------
MAVERICK TUBE CORP n/a X
--------------------------------------------------------------------------------
MAY DEPT STORES CO n/a X
--------------------------------------------------------------------------------
MICROCHIP TECHNOLOGY INC n/a X
--------------------------------------------------------------------------------
McLeodUSA Inc. 6.75% n/a n/a
--------------------------------------------------------------------------------
MCDERMOTT INC n/a X
--------------------------------------------------------------------------------
MEDIMMUNE INC n/a X
--------------------------------------------------------------------------------
MEDIA GENERAL -CL A n/a X
--------------------------------------------------------------------------------
MELLON FINANCIAL CORP n/a X
--------------------------------------------------------------------------------
MERCURY INTERACTIVE CORP n/a X
--------------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 26 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
METHODE ELECTRONICS -CL A Cmn 591520200 977,680 19,360 X
-------------------------------------------------------------------------------------------------------------------------------
METROMEDIA FIBER NETWORK 6 Pfd 24366Q209 48,490,089 579,600 X
-------------------------------------------------------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC Cmn 559222401 1,272,000 31,800 X
-------------------------------------------------------------------------------------------------------------------------------
MGM GRAND INC Cmn 552953101 1,831,200 76,300 X
-------------------------------------------------------------------------------------------------------------------------------
MOHAWK INDUSTRIES INC Cmn 608190104 384,850 17,200 X
-------------------------------------------------------------------------------------------------------------------------------
MCGRAW-HILL, INC Cmn 580645109 4,854,850 106,700 X
-------------------------------------------------------------------------------------------------------------------------------
MILLIPORE CORP Cmn 601073109 2,026,106 35,900 X
-------------------------------------------------------------------------------------------------------------------------------
MIR 15.000 STRIKE CALL 08 Opt (C) 60462E104 1,025,000 2,000 X
-------------------------------------------------------------------------------------------------------------------------------
MIR 17.500 STRIKE CALL 08 Opt (C) 60462E104 550,000 2,000 X
-------------------------------------------------------------------------------------------------------------------------------
MIRAGE RESORTS INC Cmn 60462E104 47,069,625 2,429,400 X
-------------------------------------------------------------------------------------------------------------------------------
MUSICLAND STORES CORP Cmn 62758B109 3,387,675 531,400 X
-------------------------------------------------------------------------------------------------------------------------------
MITEL CORP Cmn 606711109 614,063 25,000 X
-------------------------------------------------------------------------------------------------------------------------------
MEDICAL MANAGER CORP Cmn 58461U103 15,955,191 455,050 X
-------------------------------------------------------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO Cmn 604059105 2,541,744 28,700 X
-------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 130,980,073
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 8:
Item 7: Voting Authority (Shares)
Item 1: ------------------------------
Managers
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
METHODE ELECTRONICS -CL A n/a X
--------------------------------------------------------------------------------
METROMEDIA FIBER NETWORK 6 n/a n/a
--------------------------------------------------------------------------------
MAGNA INTERNATIONAL INC n/a X
--------------------------------------------------------------------------------
MGM GRAND INC n/a X
--------------------------------------------------------------------------------
MOHAWK INDUSTRIES INC n/a X
--------------------------------------------------------------------------------
MCGRAW-HILL, INC n/a X
--------------------------------------------------------------------------------
MILLIPORE CORP n/a X
--------------------------------------------------------------------------------
MIR 15.000 STRIKE CALL 08 n/a n/a
--------------------------------------------------------------------------------
MIR 17.500 STRIKE CALL 08 n/a n/a
--------------------------------------------------------------------------------
MIRAGE RESORTS INC n/a X
--------------------------------------------------------------------------------
MUSICLAND STORES CORP n/a X
--------------------------------------------------------------------------------
MITEL CORP n/a X
--------------------------------------------------------------------------------
MEDICAL MANAGER CORP n/a X
--------------------------------------------------------------------------------
MINNESOTA MNG & MFG CO n/a X
--------------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 27 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
-------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
MOLEX INC Cmn 608554101 1,110,375 18,900 X
-------------------------------------------------------------------------------------------------------------------------------
MOT 31.625 STRIKE PUT 01/2 Opt (P) 620076109 850,000 1,000 X
-------------------------------------------------------------------------------------------------------------------------------
MOT 36.625 STRIKE PUT 01/2 Opt (P) 620076109 2,395,313 1,750 X
-------------------------------------------------------------------------------------------------------------------------------
MOTOROLA Cmn 620076109 22,025,413 154,700 X
-------------------------------------------------------------------------------------------------------------------------------
PHILIP MORRIS COS INC Cmn 718154107 278,850 13,200 X
-------------------------------------------------------------------------------------------------------------------------------
MERCK & CO Cmn 589331107 1,845,113 29,700 X
-------------------------------------------------------------------------------------------------------------------------------
USX-MARATHON GROUP INC Cmn 902905827 3,680,025 141,200 X
-------------------------------------------------------------------------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 CB 553477AB6 109,248,930 31,851 X
-------------------------------------------------------------------------------------------------------------------------------
MICROSOFT Cmn 594918104 16,881,531 158,885 X
-------------------------------------------------------------------------------------------------------------------------------
MGIC INV CORP Cmn 552848103 933,575 21,400 X
-------------------------------------------------------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER Cmn 617446448 13,025,531 159,700 X
-------------------------------------------------------------------------------------------------------------------------------
MAIL-WELL INC Cmn 560321200 781,006 89,900 X
-------------------------------------------------------------------------------------------------------------------------------
MAXIM INTEGRATED PRODUCTS Cmn 57772K101 926,868 13,043 X
-------------------------------------------------------------------------------------------------------------------------------
MAYTAG CORPORATION Cmn 578592107 3,633,813 109,700 X
-------------------------------------------------------------------------------------------------------------------------------
COLOUMN TOTALS 177,616,342
-------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
------------------------------
(SEC USE ONLY)
------------------------------
Item 1: Item 8:
Item 7: Voting Authority (Shares)
Name of Issuer ------------------------------
Managers
See Instr. V (a) Sole (b) Shared (c) None
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MOLEX INC n/a X
--------------------------------------------------------------------------------
MOT 31.625 STRIKE PUT 01/2 n/a n/a
--------------------------------------------------------------------------------
MOT 36.625 STRIKE PUT 01/2 n/a n/a
--------------------------------------------------------------------------------
MOTOROLA n/a X
--------------------------------------------------------------------------------
PHILIP MORRIS COS INC n/a X
--------------------------------------------------------------------------------
MERCK & CO n/a X
--------------------------------------------------------------------------------
USX-MARATHON GROUP INC n/a X
--------------------------------------------------------------------------------
MRV COMMUNICATIONS 5% 6/15 n/a n/a
--------------------------------------------------------------------------------
MICROSOFT n/a X
--------------------------------------------------------------------------------
MGIC INV CORP n/a X
--------------------------------------------------------------------------------
MORGAN STANLEY DEAN WITTER n/a X
--------------------------------------------------------------------------------
MAIL-WELL INC n/a X
--------------------------------------------------------------------------------
MAXIM INTEGRATED PRODUCTS n/a X
--------------------------------------------------------------------------------
MAYTAG CORPORATION n/a X
--------------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 28 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NAVISTAR INTERNATIONAL 93 Cmn 639340000 3,374,513 84,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NBC INTERNET INC TRACES Cmn 62873C206 1,598,000 34,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NABORS INDUSTRIES Cmn 629568106 686,981 17,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMM BANCORP Cmn 635449101 479,150 25,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG CB 628874AC3 830,323 2,415 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL DATA CORP Cmn 635621105 1,664,000 64,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
ENERGY EAST CORPORATION Cmn 29266M109 433,894 21,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CLEARNET COMM WARRANT Wt 184902112 1,676,400 60,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NETWORK ASSOC. 0% OID CB 640938AB2 49,995,516 129,054 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NORTH FORK BANCORP Cmn 659424105 234,163 13,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 Pfd 651291205 3,313,935 59,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NISOURCE INC. 7.75% PIES Pfd 65473P303 2,771,457 79,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NATIONAL COMPUTER SYS Cmn 635519101 740,087 14,583 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NEWBRIDGE NETWORKS CORP Cmn 650901101 71,362,500 2,200,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 139,160,919
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
---------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer (a) Sole (b)Shared (c) None
---------------------------------------------------------------------------
<S> <C> <C> <C>
NAVISTAR INTERNATIONAL 93 X
---------------------------------------------------------------------------
NBC INTERNET INC TRACES X
---------------------------------------------------------------------------
NABORS INDUSTRIES X
---------------------------------------------------------------------------
NATIONAL COMM BANCORP X
---------------------------------------------------------------------------
NCS HEALTHCARE 5.75% REG n/a
---------------------------------------------------------------------------
NATIONAL DATA CORP X
---------------------------------------------------------------------------
ENERGY EAST CORPORATION X
---------------------------------------------------------------------------
CLEARNET COMM WARRANT n/a
---------------------------------------------------------------------------
NETWORK ASSOC. 0% OID n/a
---------------------------------------------------------------------------
NORTH FORK BANCORP X
---------------------------------------------------------------------------
NFX 6.5% MIPS DUE 8/15/29 n/a
---------------------------------------------------------------------------
NISOURCE INC. 7.75% PIES n/a
---------------------------------------------------------------------------
NATIONAL COMPUTER SYS X
---------------------------------------------------------------------------
NEWBRIDGE NETWORKS CORP X
---------------------------------------------------------------------------
COLUMN TOTALS
---------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 29 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
NORTHROP GRUMMAN CORP Cmn 666807102 1,656,944 31,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NOVELL INC Cmn 670006105 1,021,369 35,681 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NETPLIANCE INC Cmn 64115K103 217,500 15,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NORTEL INVERSORA 10% MEDS Pfd 656567302 10,989,881 178,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NATIONAL SVC INDS IN Cmn 637657107 591,856 28,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
HNCS 85.000 STRIKE PUT 07 Opt (P) 40425P107 1,150,000 500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NATL EQUIP SVCS INC Cmn 635847106 1,508,750 241,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NATCO GROUP INC -CL A Cmn 63227W203 157,500 15,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NETOPIA INC Cmn 64114K104 539,531 7,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NORTHERN TRUST Cmn 665859104 4,655,056 68,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NUCOR CORP Cmn 670346105 3,420,000 68,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NEWELL RUBBERMAID INC Cmn 651229106 856,031 34,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
NEXTEL COMMUNICATIONS Cmn 65332V103 481,813 3,250 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
OFFICE DEPOT Cmn 676220106 254,375 22,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 27,500,606
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
---------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer (a) Sole (b)Shared (c) None
---------------------------------------------------------------------------
<S> <C> <C> <C>
NORTHROP GRUMMAN CORP X
---------------------------------------------------------------------------
NOVELL INC X
---------------------------------------------------------------------------
NETPLIANCE INC X
---------------------------------------------------------------------------
NORTEL INVERSORA 10% MEDS n/a
---------------------------------------------------------------------------
NATIONAL SVC INDS IN X
---------------------------------------------------------------------------
HNCS 85.000 STRIKE PUT 07 n/a
---------------------------------------------------------------------------
NATL EQUIP SVCS INC X
---------------------------------------------------------------------------
NATCO GROUP INC -CL A X
---------------------------------------------------------------------------
NETOPIA INC X
---------------------------------------------------------------------------
NORTHERN TRUST X
---------------------------------------------------------------------------
NUCOR CORP X
---------------------------------------------------------------------------
NEWELL RUBBERMAID INC X
---------------------------------------------------------------------------
NEXTEL COMMUNICATIONS X
---------------------------------------------------------------------------
OFFICE DEPOT X
---------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 30 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared Managers
Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
OMNICOM GROUP Cmn 681919106 3,634,719 38,900 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 CB 685564AC0 4,145,800 5,455 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORACLE SYS CORP Cmn 68389X105 10,179,662 130,404 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ORCKIT COMMUNICATIONS Cmn M7531S107 770,500 11,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
OLD REPUBLIC INTL Cmn 680223104 386,375 28,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 CB 682180AA2 518,760 524 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC Cmn 689899102 819,197 25,550 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
OCCIDENTAL PETROLEUM Cmn 674599105 3,645,775 175,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PAGING NETWORK INC 10.125 CB 695542AC4 690,000 1,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PAGING NETWORK INC Cmn 695542100 12,723,900 4,905,600 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PAYCHEX INC Cmn 704326107 4,430,925 84,600 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PITNEY BOWES INC Cmn 724479100 2,493,563 55,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PG&E CORP Cmn 69331C108 4,046,700 192,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
PRECISION CASTPARTS CORP Cmn 740189105 244,550 6,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 48,730,425
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------
(SEC USE ONLY)
---------------------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------
Name of Issuer (a) Sole (b)Share (c) None
---------------------------------------------------------------------------
<S> <C> <C> <C>
OMNICOM GROUP X
---------------------------------------------------------------------------
ORBITAL 5% CB DUE 10/1/02 N/A
---------------------------------------------------------------------------
ORACLE SYS CORP X
---------------------------------------------------------------------------
ORCKIT COMMUNICATIONS X
---------------------------------------------------------------------------
OLD REPUBLIC INTL X
---------------------------------------------------------------------------
ON-LINE SOFTWARE INTL 6.25 N/A
---------------------------------------------------------------------------
OUTBACK STEAKHOUSE INC X
---------------------------------------------------------------------------
OCCIDENTAL PETROLEUM X
---------------------------------------------------------------------------
PAGING NETWORK INC 10.125 N/A
---------------------------------------------------------------------------
PAGING NETWORK INC X
---------------------------------------------------------------------------
PAYCHEX INC X
---------------------------------------------------------------------------
PITNEY BOWES INC X
---------------------------------------------------------------------------
PG&E CORP X
---------------------------------------------------------------------------
PRECISION CASTPARTS CORP X
---------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 31 of 51
-- --
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Define (c) Shared-
Amount in Instr. Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PCS 40.000 STRIKE PUT 01/2 Opt (P) 852061506 262,500 1,750 X
------------------------------------------------------------------------------------------------------------------------------------
PCS 50.000 STRIKE PUT 01/2 Opt (P) 852061506 232,500 600 X
------------------------------------------------------------------------------------------------------------------------------------
PC-TEL INC Cmn 69325Q105 940,625 12,500 X
------------------------------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC Cmn 741932107 540,656 23,700 X
------------------------------------------------------------------------------------------------------------------------------------
PLACER DOME INC Cmn 725906101 160,875 19,800 X
------------------------------------------------------------------------------------------------------------------------------------
PROTEIN DESIGN LABS INC Cmn 74369L103 238,500 3,000 X
------------------------------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP Cmn 717265102 1,543,750 32,500 X
------------------------------------------------------------------------------------------------------------------------------------
PE CORP-PE BIOSYSTEMS Cmn 69332S102 665,850 6,900 X
------------------------------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP Cmn 711030106 430,769 15,700 X
------------------------------------------------------------------------------------------------------------------------------------
PHARMACIA CORP 6.5% PFD Pfd 611662305 1,042,404 22,400 X
------------------------------------------------------------------------------------------------------------------------------------
PHARMACIA CORP 6.5% PFD Pfd 71713U102 179,858,337 3,612,500 X
------------------------------------------------------------------------------------------------------------------------------------
POLARIS INDS INC Cmn 731068102 349,450 11,600 X
------------------------------------------------------------------------------------------------------------------------------------
PROXYMED PHARMACY INC Cmn 744290107 512,550 60,300 X
------------------------------------------------------------------------------------------------------------------------------------
AMF BOWLING INC. 10.875% CB 030985AE5 1,050,000 2,500 X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 187,828,766
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
-----------------------------------------------------
(SEC USE ONLY)
-----------------------------------------------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
-----------------------------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Share (c) None
---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PCS 40.000 STRIKE PUT 01/2 n/a n/a
---------------------------------------------------------------------------------------------------------------
PCS 50.000 STRIKE PUT 01/2 n/a n/a
---------------------------------------------------------------------------------------------------------------
PC-TEL INC n/a X
---------------------------------------------------------------------------------------------------------------
PRIDE INTERNATIONAL INC n/a X
---------------------------------------------------------------------------------------------------------------
PLACER DOME INC n/a X
---------------------------------------------------------------------------------------------------------------
PROTEIN DESIGN LABS INC n/a X
---------------------------------------------------------------------------------------------------------------
PHELPS DODGE CORP n/a X
---------------------------------------------------------------------------------------------------------------
PE CORP-PE BIOSYSTEMS n/a X
---------------------------------------------------------------------------------------------------------------
PEOPLES ENERGY CORP n/a X
---------------------------------------------------------------------------------------------------------------
PHARMACIA CORP 6.5% PFD n/a n/a
---------------------------------------------------------------------------------------------------------------
PHARMACIA CORP 6.5% PFD n/a n/a
---------------------------------------------------------------------------------------------------------------
POLARIS INDS INC n/a X
---------------------------------------------------------------------------------------------------------------
PROXYMED PHARMACY INC n/a X
---------------------------------------------------------------------------------------------------------------
AMF BOWLING INC. 10.875% n/a n/a
---------------------------------------------------------------------------------------------------------------
COLUMN TOTALS
---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 32 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared (c) Shared-
Number Value Principal (a) Sole As Defined Other
Amount in Instr. V
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
PIER 1 IMPORTS Cmn 720279108 467,400 45,600 X
----------------------------------------------------------------------------------------------------------------------------------
PARKER DRILLING CO Cmn 701081101 2,080,000 416,000 X
----------------------------------------------------------------------------------------------------------------------------------
PERKINELMER INC Cmn 714046109 578,550 8,700 X
----------------------------------------------------------------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/00 Pfd 740540307 3,676,365 87,500 X
----------------------------------------------------------------------------------------------------------------------------------
PENTAIR INC Cmn 709631105 1,019,219 27,500 X
----------------------------------------------------------------------------------------------------------------------------------
PINNACLE WEST Cmn 723484101 1,550,313 55,000 X
----------------------------------------------------------------------------------------------------------------------------------
POTASH CORP Cmn 73755L107 970,000 19,400 X
----------------------------------------------------------------------------------------------------------------------------------
PRIMUS TELECOMM GROUP Cmn 741929103 382,488 7,400 X
----------------------------------------------------------------------------------------------------------------------------------
PRICE COMMUNICATIONS CORP Cmn 741437305 1,559,400 67,800 X
----------------------------------------------------------------------------------------------------------------------------------
PUGET SOUND POWER & LIGHT Cmn 745332106 614,594 27,700 X
----------------------------------------------------------------------------------------------------------------------------------
PEOPLESOFT INC 4.75% REG Pfd 922091AC7 1,560,987 1,842 X
----------------------------------------------------------------------------------------------------------------------------------
PSINET INC Cmn 74437C101 1,313,003 38,600 X
----------------------------------------------------------------------------------------------------------------------------------
PTEL 18.150 STRIKE 02/01/ Wt 73936C117 264,022 4,840 X
----------------------------------------------------------------------------------------------------------------------------------
PATTERSON ENERGY Cmn 703414102 793,750 25,000 X
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 16,830,089
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
--------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
----------------------------------
Managers
Name of Issuer See Instr. V (a) Sole (b) Shared (c) None
--------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PIER 1 IMPORTS n/a X
--------------------------------------------------------------------------
PARKER DRILLING CO n/a X
--------------------------------------------------------------------------
PERKINELMER INC n/a X
--------------------------------------------------------------------------
PREMIER PARKS 7.5% 4/1/00 n/a n/a
--------------------------------------------------------------------------
PENTAIR INC n/a X
--------------------------------------------------------------------------
PINNACLE WEST n/a X
--------------------------------------------------------------------------
POTASH CORP n/a X
--------------------------------------------------------------------------
PRIMUS TELECOMM GROUP n/a X
--------------------------------------------------------------------------
PRICE COMMUNICATIONS CORP n/a X
--------------------------------------------------------------------------
PUGET SOUND POWER & LIGHT n/a X
--------------------------------------------------------------------------
PEOPLESOFT INC 4.75% REG n/a n/a
--------------------------------------------------------------------------
PSINET INC n/a X
--------------------------------------------------------------------------
PTEL 18.150 STRIKE 02/01/ n/a n/a
--------------------------------------------------------------------------
PATTERSON ENERGY n/a X
--------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 33 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
-----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PILLOWTEX CORP 10% 11/15/2 CB 721501AB0 774,000 2,150 X
------------------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 9% 12/15/20 CB 721501AE4 612,000 1,700 X
------------------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO Cmn 718507106 4,125,500 89,200 X
------------------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC Cmn 695629105 3,405,600 77,400 X
------------------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC Cmn 747525103 1,494,170 10,007 X
------------------------------------------------------------------------------------------------------------------------------------
ORCT 55.000 STRIKE PUT 10/ Opt (P) 0010823461 348,750 300 X
------------------------------------------------------------------------------------------------------------------------------------
ORCT 70.000 STRIKE PUT 10/ Opt (P) 0010823461 496,875 250 X
------------------------------------------------------------------------------------------------------------------------------------
EGRP 17.500 STRIKE PUT 10/ Opt (P) 269246104 481,563 3,350 X
------------------------------------------------------------------------------------------------------------------------------------
GBLX 40.000 STRIKE PUT 01/ Opt (P) G3921A100 1,662,500 2,000 X
------------------------------------------------------------------------------------------------------------------------------------
NXLK 70.000 STRIKE PUT 05/ Opt (P) 65333H707 200,000 2,000 X
------------------------------------------------------------------------------------------------------------------------------------
QWST 27.500 STRIKE PUT 04/ Opt (P) 749121109 - 16,000 X
------------------------------------------------------------------------------------------------------------------------------------
Q 60.000 STRIKE PUT 07/22 Opt (P) 749121109 11,687,500 8,500 X
------------------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS Cmn 749121109 46,593,950 960,700 X
------------------------------------------------------------------------------------------------------------------------------------
NASDAQ-100 90.00 STRIKE Opt (P) 631100104 487,500 1,500 X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 72,369,908
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-----------------------------------------------------
(SEC USE ONLY)
-----------------------------------------------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
-----------------------------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
-----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PILLOWTEX CORP 10% 11/15/2 n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
PILLOWTEX CORP 9% 12/15/20 n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
PHILLIPS PETE CO n/a X
-----------------------------------------------------------------------------------------------------------------------------
PAINE WEBBER GROUP INC n/a X
-----------------------------------------------------------------------------------------------------------------------------
QUALCOMM INC n/a X
-----------------------------------------------------------------------------------------------------------------------------
ORCT 55.000 STRIKE PUT 10/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
ORCT 70.000 STRIKE PUT 10/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
EGRP 17.500 STRIKE PUT 10/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
GBLX 40.000 STRIKE PUT 01/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
NXLK 70.000 STRIKE PUT 05/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
QWST 27.500 STRIKE PUT 04/ n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
Q 60.000 STRIKE PUT 07/22 n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
QWEST COMMUNICATIONS n/a X
-----------------------------------------------------------------------------------------------------------------------------
NASDAQ-100 90.00 STRIKE n/a n/a
-----------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 34 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
CNXT 60.000 STRIKE PUT 07 Opt (P) 207142100 637,500 750 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 6.875 CB 767754AD6 795,000 1,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 6.5% CB 767754AM6 885,000 1,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RITE AID CORPORATION 7.625 CB 767754AF1 847,500 1,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RALSTON PURINA 7% 8/1/2000 Pfd 751277401 1,261,425 41,700 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RATIONAL SOFTWARE CORP Cmn 75409P202 940,950 12,300 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RENT-A-CENTER INC Cmn 76009N100 451,500 30,100 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
ROYAL CARIBBEAN CRUISES LTD Cmn V7780T103 2,923,200 104,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
READERS DIGEST $1.9336 SER Bnd 755271202 16,588,338 519,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RADIAN GROUP INC Cmn 750236101 1,262,063 26,500 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
REVLON INC 8.625% DUE CB 761519AN7 3,150,000 7,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
REVLON INC 9% 11/01/2006 CB 761519AQ0 2,175,000 3,000 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
REYNOLDS & REYNOLDS -CL A Cmn 761695105 480,600 17,800 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
RAYMOND JAMES FINANCIAL Cmn 754730109 236,550 11,400 X n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 32,634,625
-----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
(SEC USE ONLY)
--------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
--------------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
-------------------------------------------------------------------------
<S> <C> <C> <C>
CNXT 60.000 STRIKE PUT 07 n/a
-------------------------------------------------------------------------
RITE AID CORPORATION 6.875 n/a
-------------------------------------------------------------------------
RITE AID CORPORATION 6.5% n/a
-------------------------------------------------------------------------
RITE AID CORPORATION 7.625 n/a
-------------------------------------------------------------------------
RALSTON PURINA 7% 8/1/2000 n/a
-------------------------------------------------------------------------
RATIONAL SOFTWARE CORP X
-------------------------------------------------------------------------
RENT-A-CENTER INC X
-------------------------------------------------------------------------
ROYAL CARIBBEAN CRUISES LTD X
-------------------------------------------------------------------------
READERS DIGEST $1.9336 SER n/a
-------------------------------------------------------------------------
RADIAN GROUP INC X
-------------------------------------------------------------------------
REVLON INC 8.625% DUE n/a
-------------------------------------------------------------------------
REVLON INC 9% 11/01/2006 n/a
-------------------------------------------------------------------------
REYNOLDS & REYNOLDS -CL A X
-------------------------------------------------------------------------
RAYMOND JAMES FINANCIAL X
-------------------------------------------------------------------------
COLUMN TOTALS
-------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 35 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name if Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
REYNOLDS METALS CO Cmn 761763101 24,375,938 364,500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
VRIO 40.000 STRIKE PUT 08/ Opt (P) 923433106 356,250 500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
RUSSELL CORP Cmn 782352108 2,656,400 185,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
ROHN INDUSTRIES CMN STOCK Cmn 775381106 139,750 43,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
RES-CARE INC. 6% REG CB CB 760943AC4 12,563,842 20,511 X n/a
----------------------------------------------------------------------------------------------------------------------------------
RADIOSHACK CORP Cmn 750438103 3,481,450 68,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
RAYTHEON CLASS B Cmn 755111408 1,617,025 91,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
RYDER SYS INC Cmn 783549108 206,456 9,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
MRVC 65.00 STRIKE CALL 10 Opt (C) 553477100 432,500 200 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SAMINA 4.25% CB DUE 5/1/20 CB 800907AB3 53,863,013 32,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SBC COMMUNICATIONS INC Cmn 78387G103 20,202,000 481,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SINCLAIR BROADCASTING GROU Cmn 829226109 292,256 32,700 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SYMBOL TECHNOLOGIES Cmn 871508107 3,350,119 40,700 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% CB 871873AB1 2,499,979 2,363 X n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 126,036,977
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
---------------------------------
(SEC USE ONLY)
---------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
-------------------------------------------------------------------------
<S> <C> <C> <C>
REYNOLDS METALS CO X
-------------------------------------------------------------------------
VRIO 40.000 STRIKE PUT 08/ n/a
-------------------------------------------------------------------------
RUSSELL CORP X
-------------------------------------------------------------------------
ROHN INDUSTRIES CMN STOCK X
-------------------------------------------------------------------------
RES-CARE INC. 6% REG CB n/a
-------------------------------------------------------------------------
RADIOSHACK CORP X
-------------------------------------------------------------------------
RAYTHEON CLASS B X
-------------------------------------------------------------------------
RYDER SYS INC X
-------------------------------------------------------------------------
MRVC 65.00 STRIKE CALL 10 n/a
-------------------------------------------------------------------------
SAMINA 4.25% CB DUE 5/1/20 n/a
-------------------------------------------------------------------------
SBC COMMUNICATIONS INC X
-------------------------------------------------------------------------
SINCLAIR BROADCASTING GROU X
-------------------------------------------------------------------------
SYMBOL TECHNOLOGIES X
-------------------------------------------------------------------------
SYSTEM & COMPUTER TECH 5% n/a
-------------------------------------------------------------------------
COLUMN TOTALS
-------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 34 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
-----------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
SYSTEMS AND COMPUTER TECH Cmn 871873105 412,335 17,640 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SUNGARD DATA SYSTEMS Cmn 867363103 2,495,275 66,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SOUTHDOWN CORP Cmn 841297104 761,100 12,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEBL SYSTESM 5.50% CB CB 826170AC6 77,831,258 29,300 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEALED AIR CORP 4% CV PFD Pfd 81211K209 8,321,902 161,500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEAGATE TECHNOLOGY Cmn 811804103 170,344,825 2,827,300 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEPR 5% CONV BOND DUE 2/15 CB 817315AJ3 1,204,158 1,250 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEPARCOR INC 7% CB DUE 12 CB 817315AH7 2,887,610 2,200 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SPEEDFAM IPEC INC Cmn 847705100 795,000 40,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% CB 786449AD0 3,300,000 1,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SANTA FE SNYDER CORP Cmn 80218K105 769,038 79,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SFX ENTERTAINMENT INC CL A Cmn 784178105 81,625,000 2,000,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SILICON GRAPHICS 5.25% CB CB 827056AC6 1,129,359 1,500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SCHERING PLOUGH CORP Cmn 806605101 1,815,450 49,400 X n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 353,692,309
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
(SEC USE ONLY)
----------------------------------------------------------------
Item 8:
Item 1: Voting Authority (Shares)
---------------------------------
Name of Issuer
(a) Sole (b) Shared (c) None
----------------------------------------------------------------
<S> <C> <C> <C>
SYSTEMS AND COMPUTER TECH X
----------------------------------------------------------------
SUNGARD DATA SYSTEMS X
----------------------------------------------------------------
SOUTHDOWN CORP X
----------------------------------------------------------------
SEBL SYSTESM 5.50% CB n/a
----------------------------------------------------------------
SEALED AIR CORP 4% CV PFD n/a
----------------------------------------------------------------
SEAGATE TECHNOLOGY X
----------------------------------------------------------------
SEPR 5% CONV BOND DUE 2/15 n/a
----------------------------------------------------------------
SEPARCOR INC 7% CB DUE 12 n/a
----------------------------------------------------------------
SPEEDFAM IPEC INC X
----------------------------------------------------------------
SAFEGUARD SCIENTIFICS 5% n/a
----------------------------------------------------------------
SANTA FE SNYDER CORP X
----------------------------------------------------------------
SFX ENTERTAINMENT INC CL A X
----------------------------------------------------------------
SILICON GRAPHICS 5.25% CB n/a
----------------------------------------------------------------
SCHERING PLOUGH CORP X
----------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------
</TABLE>
<PAGE>
Page 37 of 51
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
-------------------------------- Item 7: Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Managers ------------------
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Define (c) Shared- 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>
SUN HEALTHCARE GROUP 7% Pfd 866749203 - 900,700 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------------
SHERWIN-WILLIAMS Cmn 824348106 2,634,694 120,100 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SMITH INTERNATIONAL Cmn 832110100 7,649,250 98,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SILICON VY BANCSHARES Cmn 827064106 373,750 5,200 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SAFETY-KLEEN CORP 9.25% 5 CB 78648RAB0 360,000 3,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMER SKIING CO Cmn 29654308 375,000 150,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SAFETY-KLEEN CORP Cmn 78648R203 328,125 250,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SCHLUMBERGER LTD Cmn 806857108 4,352,850 56,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SOLECTRON CORP Cmn 834182107 877,369 21,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SYLVAN LEARNING SYSTEMS Cmn 871399101 2,803,406 175,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SNYDER COMMUNICATIONS Cmn 832914105 49,252,500 2,189,000 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SONOCO PRODUCTS Cmn 835495102 744,950 31,700 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
SOUTHERN CO Cmn 842587107 2,912,325 133,900 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 72,664,219
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 38 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
--------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
------------------------------------ Managers
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Define (c) Shared- Instr. V
Amount in Instr. V Other
----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
STAPLES Cmn 855030102 3,074,000 153,700 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SPYGLASS INC Cmn 852192103 6,824,125 88,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SOURCE MEDIA INC 12% 11/01 CB 836153AC0 3,243,000 4,600 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SRCM 11.000 STRIKE 06/2302 Wt 58440J104 231,080 109,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
STAAR SURGICAL CO Cmn 852312305 279,000 24,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
ST JUDE MED INC Cmn 790849103 1,422,269 55,100 X n/a
----------------------------------------------------------------------------------------------------------------------------------
STMICROELECTRONICS 0% CB CB 861012AA0 237,312,634 70,810 X n/a
----------------------------------------------------------------------------------------------------------------------------------
STM ELECTRONICS 0% CB CB 861012AB8 141,377,164 84,675 X n/a
----------------------------------------------------------------------------------------------------------------------------------
STATE STREET CORP Cmn 857477103 7,846,875 81,000 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SUNOCO INC Cmn 86764P109 1,899,825 69,400 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SUN MICROSYSTEMS INC Cmn 866810104 854,198 9,116 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SEARS ROEBUCK & CO Cmn 812387108 923,163 29,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SOVEREIGN BANCORP 7.5% CB CB 845905306 1,114,607 22,900 X n/a
----------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 1300 STRIKE PUT Opt (P) N/A 543,750 500 X n/a
----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 406,945,689
----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------
(SEC USE ONLY)
----------------------------------------------------------
Item 8:
Voting
Authority (Shares)
Item 1: -----------------
Name of Issuer
(a) (b) (c)
Sole Shared None
----------------------------------------------------------
<S> <C> <C> <C>
STAPLES X
----------------------------------------------------------
SPYGLASS INC X
----------------------------------------------------------
SOURCE MEDIA INC 12% 11/01 n/a
----------------------------------------------------------
SRCM 11.000 STRIKE 06/2302 n/a
----------------------------------------------------------
STAAR SURGICAL CO X
----------------------------------------------------------
ST JUDE MED INC X
----------------------------------------------------------
STMICROELECTRONICS 0% CB n/a
----------------------------------------------------------
STM ELECTRONICS 0% CB n/a
----------------------------------------------------------
STATE STREET CORP X
----------------------------------------------------------
SUNOCO INC X
----------------------------------------------------------
SUN MICROSYSTEMS INC X
----------------------------------------------------------
SEARS ROEBUCK & CO X
----------------------------------------------------------
SOVEREIGN BANCORP 7.5% CB n/a
----------------------------------------------------------
SPX INDEX 1300 STRIKE PUT n/a
----------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------
</TABLE>
<PAGE>
Page 39 of 51
-- --
<TABLE>
<CAPTION>
-------------------
FORM 13F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Investment Discretion
---------------------------------- Item 7:
Item 1: Item 2: Item 3: Item 4: Item 5: Managers
Name of Issuer Title of CUSIP Fair Market Shares of (b) Shared See
Class Number Value Principal (a) Sole As Define (c) Shared- Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
SPX INDEX 1300 PUT 9/16/00 Opt (P) N/A 397,500 150 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SYSCO CORP Cmn 871829107 4,981,975 139,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SUIZA FOODS 5.5% PFD Pfd 86507G408 1,652,344 46,875 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 1250 PUT 5/20/00 Opt (P) N/A 381,250 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 1225 PUT 6/17/00 Opt (P) N/A 562,500 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 1250 PUT 9/16/00 Opt (P) N/A 493,750 250 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SPX INDEX 1200 PUT 9/14/00 Opt (P) N/A 442,500 300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TELE-COMMUNICATIONS Cmn 872294202 21,694,420 62,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
AT&T CORP 6.25% MAND PFD Pfd 58440J401 216,407,418 1,840,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TELEFONICA DE ARGENTINA Cmn 879378206 62,101,350 1,582,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TBH 120.00 STRIKE PUT 04/2 Opt (P) 879287308 225,000 4,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TBH 130.00 STRIKE PUT 04/2 Opt (P) 879287308 481,250 2,750 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYS 4.75% CB 88355KAA9 1,292,196 1,504 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO CARDIOSYSTEM Cmn 88355K200 701,400 50,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 311,814,853
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Item 8:
Voting
Authority (Shares)
------------------
Item 1: (a) (b) (c)
Name of Issuer Sole Shared None
------------------
<C> <C> <C>
---------------------------------------------------------
SPX INDEX 1300 PUT 9/16/00 n/a
---------------------------------------------------------
SYSCO CORP X
---------------------------------------------------------
SUIZA FOODS 5.5% PFD n/a
---------------------------------------------------------
SPX INDEX 1250 PUT 5/20/00 n/a
---------------------------------------------------------
SPX INDEX 1225 PUT 6/17/00 n/a
---------------------------------------------------------
SPX INDEX 1250 PUT 9/16/00 n/a
---------------------------------------------------------
SPX INDEX 1200 PUT 9/14/00 n/a
---------------------------------------------------------
TELE-COMMUNICATIONS X
---------------------------------------------------------
AT&T CORP 6.25% MAND PFD n/a
---------------------------------------------------------
TELEFONICA DE ARGENTINA X
---------------------------------------------------------
TBH 120.00 STRIKE PUT 04/2 n/a
---------------------------------------------------------
TBH 130.00 STRIKE PUT 04/2 n/a
---------------------------------------------------------
THERMO CARDIOSYS 4.75% n/a
---------------------------------------------------------
THERMO CARDIOSYSTEM X
---------------------------------------------------------
COLUMN TOTALS
---------------------------------------------------------
</TABLE>
<PAGE>
Page 40 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
TECNOMATIX TECH 5.25% CB 878732AD8 8,345,585 7,524 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TCSI CORP Cmn 87233R106 281,200 70,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
DCLK 67.500 STRIKE PUT 07 Opt (P) 258609304 225,000 400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TEKTRONIX INC Cmn 879131100 2,788,800 49,800 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TENNECO AUTOMOTIVE INC Cmn 880349105 2,778,919 350,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB CB 88355WAA3 1,701,239 2,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO FIBERTEK 4.5% CB U8835NAA8 2,611,402 3,070 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TITANIUM METALS 6.625% CV Pfd 887381408 471,747 41,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TALBOTS INC Cmn 874161102 1,100,963 18,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TIMES MIRROR CO. - CLASS A Cmn 887364107 83,615,869 899,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMEDICS INC 2.875% CB 883901AD2 2,185,515 2,628 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TORCHMARK CORP Cmn 891027104 999,000 43,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
THERMO ELECTRON CORP Cmn 883556102 1,532,200 75,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TECHNITROL INC Cmn 878555101 372,800 6,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 109,010,238
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------
(SEC USE ONLY)
----------------------------
Item 8:
Item 1: Voting Authority (Shares)
-----------------------------
Name of Issuer (a) Sole (b) Shared (c) None
----------------------------------------------------------------
<S> <C> <C> <C>
TECNOMATIX TECH 5.25% n/a
----------------------------------------------------------------
TCSI CORP X
----------------------------------------------------------------
DCLK 67.500 STRIKE PUT 07 n/a
----------------------------------------------------------------
TEKTRONIX INC X
----------------------------------------------------------------
TENNECO AUTOMOTIVE INC X
----------------------------------------------------------------
THERMO FIBERTEK 4.5% CB n/a
----------------------------------------------------------------
THERMO FIBERTEK 4.5% n/a
----------------------------------------------------------------
TITANIUM METALS 6.625% CV n/a
----------------------------------------------------------------
TALBOTS INC X
----------------------------------------------------------------
TIMES MIRROR CO. - CLASS A X
----------------------------------------------------------------
THERMEDICS INC 2.875% n/a
----------------------------------------------------------------
TORCHMARK CORP X
----------------------------------------------------------------
THERMO ELECTRON CORP X
----------------------------------------------------------------
TECHNITROL INC X
----------------------------------------------------------------
COLUMN TOTALS
----------------------------------------------------------------
</TABLE>
<PAGE>
Page 41 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 3: Item 4: Item 5: Investment Discretion Item 7:
-------------------------------------
Item 1: Item 2: CUSIP Fair Market Shares of (b) Shared Managers
Name of Issuer Title of Class Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
TOMMY HILFIGER CORP Cmn G8915Z102 1,347,050 92,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TOSCO CORP. Cmn 891490302 3,926,438 129,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01 Opt (P) 03072H109 1,346,625 3,420 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TERRA INDUSTRIES Cmn 880915103 285,131 123,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL CB 896047305 45,765,283 322,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TRB 45.000 STRIKE PUT 05/ Opt (P) 896047305 431,250 500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
SPEEDWAY MOTORSPORTS 5.75% CB 847788AC0 2,610,371 2,750 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TRW INC Cmn 872649108 3,433,950 58,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 CB 895927AB7 4,289,810 17,950 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TESORO PETROLEUM 7.25% PFD Pfd 881609408 203,875 17,500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TELECOMUNICACOES -ADR 1:10 Cmn 87929A102 50,468,750 1,700,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CROWN CASTLE INTL 7% DECS Pfd 24366F203 8,308,000 248,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TOWER AUTOMOTIVE INC Cmn 891707101 1,058,644 64,650 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TEXAS INSTRUMENTS Cmn 882508104 1,824,000 11,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 125,299,176
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
-------------------------------
Item 8:
Voting Authority (Shares)
-------------------------------
Name of Issuer (a) Sole (b) Shared (c) None
--------------------------------------------------------------
<S> <C> <C> <C>
TOMMY HILFIGER CORP X
--------------------------------------------------------------
TOSCO CORP. X
--------------------------------------------------------------
AMTD 16.625 STRIKE PUT 01 n/a
--------------------------------------------------------------
TERRA INDUSTRIES X
--------------------------------------------------------------
TRIBUNE 2% EXCHG INTO AOL n/a
--------------------------------------------------------------
TRB 45.000 STRIKE PUT 05/ n/a
--------------------------------------------------------------
SPEEDWAY MOTORSPORTS 5.75% n/a
--------------------------------------------------------------
TRW INC X
--------------------------------------------------------------
TRY 0% DEB DUE 2/9/18 n/a
--------------------------------------------------------------
TESORO PETROLEUM 7.25% PFD n/a
--------------------------------------------------------------
TELECOMUNICACOES -ADR 1:10 X
--------------------------------------------------------------
CROWN CASTLE INTL 7% DECS n/a
--------------------------------------------------------------
TOWER AUTOMOTIVE INC X
--------------------------------------------------------------
TEXAS INSTRUMENTS X
--------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------
</TABLE>
<PAGE>
Page 42 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
----------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
TEXTRON INC Cmn 883203101 5,131,763 84,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TEXACO INC Cmn 881694103 1,892,963 35,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
TXU CORP Cmn 873168108 4,836,094 162,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNITED ASSET MGMT CORP Cmn 909420101 202,556 11,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNIONBANCAL CORP Cmn 908906100 217,744 7,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNOCAL CORP Cmn 915289102 2,243,150 75,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNICOM CORP Cmn 904911104 1,660,750 45,500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNIVERSAL HEALTH SERVICES Cmn 913903100 328,300 6,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNISYS Cmn 909214108 2,881,500 113,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UMG 50.000 STRIKE CALL 04 Opt (C) 58440J104 12,400,000 4,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
MEDIAONE GROUP INC. Cmn 58440J104 132,872,400 1,640,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
PALM 70.000 STRIKE PUT 11 Opt (P) 696642107 7,137,500 2,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UNITED RENTALS INC Cmn 911363109 189,750 11,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
USA NETWORKS INC Cmn 902984103 1,201,995 53,274 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 173,196,463
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
-------------------------------
(SEC USE ONLY)
-------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
-------------------------------
(a) Sole (b) Shared (c) None
---------------------------------------------------------
<S> <C> <C> <C>
TEXTRON INC X
---------------------------------------------------------
TEXACO INC X
---------------------------------------------------------
TXU CORP X
---------------------------------------------------------
UNITED ASSET MFMT CORP X
---------------------------------------------------------
UNIONBANCAL CORP X
---------------------------------------------------------
UNOCAL CORP X
---------------------------------------------------------
UNICOM CORP X
---------------------------------------------------------
UNIVERSAL HEALTH SERVICES X
---------------------------------------------------------
UNISYS X
---------------------------------------------------------
UMG 50.000 STRIKE CALL 04 n/a
---------------------------------------------------------
MEDIAONE GROUP INC. X
---------------------------------------------------------
PALM 70.000 STRIKE PUT 11 n/a
---------------------------------------------------------
UNITED RENTALS INC X
---------------------------------------------------------
USA NETWORKS INC X
---------------------------------------------------------
COLUMN TOTALS
---------------------------------------------------------
</TABLE>
<PAGE>
Page 43 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (a) (b) Shared Managers
Number Value Principal Sole As Defined (c) Shared- See
Amount in Instr. V Other Instr. V
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
USINTERNETWORKING INC 7% CB 917311AE2 3,282,820 1,325 X n/a
------------------------------------------------------------------------------------------------------------------------------------
NTLI 108.00 STRIKE PUT 6/1 Opt (P) 629407107 1,289,063 500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
USW 70.000 STRIKE PUT 04/2 Opt (P) 91273H101 525,000 3,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
US WEST INC Cmn 91273H101 36,290,713 499,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
US TRUST CORP (NEW) Cmn 91288L105 89,302,500 472,500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
ULTRATECH STEPPER INC Cmn 904034105 213,750 15,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
UTI ENERGY CORP Cmn 903387108 566,250 15,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VIACOM, INC. - CLASS B Cmn 925524308 26,702,050 506,200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VIACOM, INC. - CLASS A Cmn 925524100 1,207,688 22,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VANTAGEMED CORP Cmn 92208W106 87,500 20,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VOD 60 STRIKE PUT 7/22/00 Opt (P) 92857T107 459,375 500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VINTAGE PETROLEUM INC Cmn 927460105 646,013 32,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VERISIGN INC Cmn 92343E106 24,303,468 162,565 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VERTEL CORP Cmn 924907108 457,650 21,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 185,333,838
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
--------------------------------------------------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
--------------------------------------------------------------------------
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------
<S> <C> <C> <C>
USINTERNETWORKING INC 7% n/a
--------------------------------------------------------------------------
NTLI 108.00 STRIKE PUT 6/1 n/a
--------------------------------------------------------------------------
USW 70.000 STRIKE PUT 04/2 n/a
--------------------------------------------------------------------------
US WEST INC X
--------------------------------------------------------------------------
US TRUST CORP (NEW) X
--------------------------------------------------------------------------
ULTRATECH STEPPER INC X
--------------------------------------------------------------------------
UTI ENERGY CORP X
--------------------------------------------------------------------------
VIACOM, INC. - CLASS B X
--------------------------------------------------------------------------
VIACOM, INC. - CLASS A X
--------------------------------------------------------------------------
VANTAGEMED CORP X
--------------------------------------------------------------------------
VOD 60 STRIKE PUT 7/22/00 n/a
--------------------------------------------------------------------------
VINTAGE PETROLEUM INC X
--------------------------------------------------------------------------
VERISIGN INC X
--------------------------------------------------------------------------
VERTEL CORP X
--------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 44 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
--------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Define (c) Shared- See Instr.
Amount in Instr. Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
VERITAS SOFTWARE 1.856% CB CB 92343RAA1 325,449,565 88,648 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VERTEX 5.0% CB DUE 3/15/20 CB 92532FAA8 594,397 800 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY Cmn 928298108 2,375,188 42,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VITESSE SEMICONDUCTOR CORP Cmn 928497106 231,000 2,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
VIAD CORP Cmn 92552R109 331,688 14,500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WARNACO GROUP INC -CL A Cmn 934390105 845,775 71,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WALGREEN CO Cmn 931422109 7,853,750 305,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WAVE SYSTEMS CORP Cmn 943526103 798,750 20,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB CB 98141AAC5 1,252,915 1,460 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WORLDCOM INC Cmn 98157D106 19,807,227 437,125 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WESTERN DIGITAL Cmn 958102105 743,750 100,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WEATHERFORD INTL., INC Cmn 947074100 1,874,213 31,800 X n/a
------------------------------------------------------------------------------------------------------------------------------------
PSIX 40.000 STRIKE PUT 01/ Opt (P) 74437C101 292,500 200 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WHIRLPOOL CORP. Cmn 963320106 4,027,538 68,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 366,478,254
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
--------------------------------------------------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
--------------------------------------------------------------------------
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------
<S> <C> <C> <C>
VERITAS SOFTWARE 1.856% CB n/a
--------------------------------------------------------------------------
VERTEX 5.0% CB DUE 3/15/20 n/a
--------------------------------------------------------------------------
VISHAY INTERTECHNOLOGY X
--------------------------------------------------------------------------
VITESSE SEMICONDUCTOR CORP X
--------------------------------------------------------------------------
VIAD CORP X
--------------------------------------------------------------------------
WARNACO GROUP INC -CL A X
--------------------------------------------------------------------------
WALGREEN CO X
--------------------------------------------------------------------------
WAVE SYSTEMS CORP X
--------------------------------------------------------------------------
WORLD ACCESS 4.5% REG CB n/a
--------------------------------------------------------------------------
WORLDCOM INC X
--------------------------------------------------------------------------
WESTERN DIGITAL X
--------------------------------------------------------------------------
WEATHERFORD INTL., INC X
--------------------------------------------------------------------------
PSIX 40.000 STRIKE PUT 01/ n/a
--------------------------------------------------------------------------
WHIRLPOOL CORP. X
--------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 45 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared (c) Managers
Number Value Principal (a) Sole As Defined Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
IBM 90.000 STRIKE PUT 01/1 Opt (P) 4592001001 793,750 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WIND RIVER 5% REG CB CB 973149AC1 42,214,236 35,195 X n/a
------------------------------------------------------------------------------------------------------------------------------------
CSCO 42.5 STRIKE PUT 01/19 Opt (P) 17275R102 775,000 2,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WESLEY JESSEN VISIONCARE Cmn 951018100 3,593,750 100,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ Opt (P) 03072H109 200,000 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WARNER LAMBERT CO Cmn 934488107 243,750,000 2,500,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WILLAMETTE INDS INC Cmn 969133107 818,550 20,400 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WELLMAN INC Cmn 949702104 330,869 16,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WELLPOINT HLTH NETWRK Cmn 94973H108 3,766,263 53,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WASTE MANAGEMENT Cmn 94106L109 1,351,148 98,714 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WAL MART STORES INC Cmn 931142103 4,267,950 76,900 X n/a
------------------------------------------------------------------------------------------------------------------------------------
HWP 95.000 STRIKE PUT 01/ Opt (P) 428236103 925,000 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WATSON PHARMACEUTICALS Cmn 942683103 1,734,344 43,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON POST -CL B CMN Cmn 939640108 432,800 800 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 304,953,659
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
--------------------------------------------------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
--------------------------------------------------------------------------
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------
<S> <C> <C> <C>
IBM 90.000 STRIKE PUT 01/1 n/a
--------------------------------------------------------------------------
WIND RIVER 5% REG CB n/a
--------------------------------------------------------------------------
CSCO 42.5 STRIKE PUT 01/19 n/a
--------------------------------------------------------------------------
WESLEY JESSEN VISIONCARE X
--------------------------------------------------------------------------
AMTD 10.000 STRIKE PUT 01/ n/a
--------------------------------------------------------------------------
WARNER LAMBERT CO X
--------------------------------------------------------------------------
WILLAMETTE INDS INC X
--------------------------------------------------------------------------
WELLMAN INC X
--------------------------------------------------------------------------
WELLPOINT HLTH NETWRK X
--------------------------------------------------------------------------
WASTE MANAGEMENT X
--------------------------------------------------------------------------
WAL MART STORES INC X
--------------------------------------------------------------------------
HWP 95.000 STRIKE PUT 01/ n/a
--------------------------------------------------------------------------
WATSON PHARMACEUTICALS X
--------------------------------------------------------------------------
WASHINGTON POST -CL B CMN X
--------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 46 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7:
---------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared Managers
Number Value Principal (a) Sole As Defined (c) Shared- See Instr. V
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
WESTERN RESOURCES INC Cmn 959425109 199,238 12,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
ORB 15.000 STRIKE PUT 01/ Opt (P) 685564106 209,375 500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WESTELL TECHNOLOGIES INC Cmn 957541105 637,500 20,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WEIRTON STEEL CORP Cmn 948774104 317,688 39,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
T 55.000 STRIKE CALL 01/19 Opt (C) 001957109 728,125 500 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WMI 12.500 STRIKE PUT 01/1 Opt (P) 94106l109 610,938 2,300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 35.000 STRIKE PUT 01/1 Opt (P) 852061506 320,000 1,600 X n/a
------------------------------------------------------------------------------------------------------------------------------------
PCS 40.000 STRIKE PUT 01/1 Opt (P) 852061506 717,188 2,250 X n/a
------------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ Opt (C) 29912201 751,875 300 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WRIGLEY WM JR CO Cmn 982526105 238,119 3,100 X n/a
------------------------------------------------------------------------------------------------------------------------------------
WEYERHAEUSER CO Cmn 962166104 837,900 14,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
MWD 70.000 STRIKE PUT 01/2 Opt (P) 617446448 762,500 1,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
XL CAPITAL LTD -CL A Cmn G98255105 3,859,638 69,700 X n/a
------------------------------------------------------------------------------------------------------------------------------------
EXXON MOBIL CORP Cmn 30231G102 21,242,813 273,000 X n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 31,432,894
------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
----------------------------------
(SEC USE ONLY)
--------------------------------------------------------------------------
Item 1: Item 8:
Name of Issuer Voting Authority (Shares)
--------------------------------------------------------------------------
(a) Sole (b) Shared (c) None
--------------------------------------------------------------------------
<C> <C> <C>
WESTERN RESOURCES INC X
--------------------------------------------------------------------------
ORB 15.000 STRIKE PUT 01/ n/a
--------------------------------------------------------------------------
WESTELL TECHNOLOGIES INC X
--------------------------------------------------------------------------
WEIRTON STEEL CORP X
--------------------------------------------------------------------------
T 55.000 STRIKE CALL 01/19 n/a
--------------------------------------------------------------------------
WMI 12.500 STRIKE PUT 01/1 n/a
--------------------------------------------------------------------------
PCS 35.000 STRIKE PUT 01/1 n/a
--------------------------------------------------------------------------
PCS 40.000 STRIKE PUT 01/1 n/a
--------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ n/a
--------------------------------------------------------------------------
WRIGLEY WM JR CO X
--------------------------------------------------------------------------
WEYERHAEUSER CO X
--------------------------------------------------------------------------
MWD 70.000 STRIKE PUT 01/2 n/a
--------------------------------------------------------------------------
XL CAPITAL LTD -CL A X
--------------------------------------------------------------------------
EXXON MOBIL CORP X
--------------------------------------------------------------------------
COLUMN TOTALS
--------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 47 of 51
-- --
<TABLE>
<CAPTION>
--------------------
FORM 13 F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
-----------------------------------------------------------------------------------------------------------------------------------
Item 8:
Item 6: Voting
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion Item 7: Authority (Shares)
------------------------------ ---------------------
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared Instr. (a) (b) (c)
in Instr. V Other V Sole Shared none
-----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
LHSP 30.00 STRIKE PUT 09/1 Opt (P) B5628B104 256,500 720 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LHSP 45.00 STRIKE PUT 09/1 Opt (P) B5628B104 1,096,875 900 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LHSP 27.50 STRIKE PUT 09/1 Opt (P) B5628B104 256,250 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
LHSP 42.50 STRIKE PUT 09/1 Opt (P) B5628B104 506,250 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
NBCI 75.000 STRIKE PUT 09/ Opt (P) 62873D105 1,718,750 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
XEROX CORP Cmn 984121103 2,477,800 95,300 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
CTXS 35.000 STRIKE PUT 06/ Opt (P) 177376100 265,625 2,500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
USX CORP Cmn 90337T101 1,437,500 57,500 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
CTXS 80.00 STRIKE PUT 09/1 Opt (P) 177376100 2,600,000 1,000 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
CTXS 90.000 STRIKE PUT 09/ Opt (P) 177376100 975,000 300 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YAHOO! INC Cmn 984332106 6,649,350 38,800 X n/a X
-----------------------------------------------------------------------------------------------------------------------------------
UMG 50.000 STRIKE CALL 07 Opt (C) 58440J104 23,560,000 7,600 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
YHOO 150.00 STRIKE PUT 07/ Opt (P) 984332106 337,500 200 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
AMZN 75.000 STRIKE PUT 01/ Opt (P) 23135106 1,037,500 500 X n/a n/a
-----------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 43,174,900
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 48 of 51
-- --
<TABLE>
<CAPTION>
------------------
FORM 13 F (SEC USE ONLY)
Name of Reporting Manager Citadel Limited Partnership
------------------------------------------------------------------------------------------------------------------------------------
Item 6: Item 8:
Investment Discretion Voting
---------------------------- Authority (Shares)
Item 1: Item 2: Item 3: Item 4: Item 5: Item 7: ------------------
Name of Issuer Title of CUSIP Fair Market Shares of Managers
Class Number Value Principal (b) Shared See
Amount (a) Sole As Defined (c) Shared Instr. V (a) (b) (c)
in Instr. V Other Sole Shared none
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMZN 75.000 STRIKE PUT 4/2 Opt (P) 23135106 493,750 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
TRICON GLOBAL RESTAURANTS Cmn 895953107 450,406 14,500 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
YHOO 155.00 STRIKE PUT 07/ Opt (P) 984332106 956,250 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
YHOO 160.00 STRIKE PUT 07/ Opt (P) 984332106 1,935,000 900 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 50.00 STRIKE PUT 01/2 Opt (P) 23135106 2,516,250 3,300 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
AMZN 55.000 STRIKE PUT 01/ Opt (P) 23135106 2,320,625 2,350 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
VOD 45 STRIKE PUT 1/20/01 Opt (P) 92857T107 237,500 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
ZEBRA TECHNOLOGIES CP Cmn 989207105 320,000 6,400 X n/a X
------------------------------------------------------------------------------------------------------------------------------------
MER 65.000 STRIKE PUT 01/2 Opt (P) 590188108 218,750 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
MER 80.000 STRIKE PUT 01/2 Opt (P) 590188108 281,250 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LU 55.000 STRIKE PUT 01/20 Opt (P) 549463107 318,750 500 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LVLT 45.000 STRIKE PUT 01/ Opt (P) 52729N100 200,000 1,000 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
LVLT 60.000 STRIKE PUT 01/ Opt (P) 52729N100 342,188 750 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
PSIX 50.000 STRIKE PUT 01/ Opt (P) 74437C101 410,000 200 X n/a n/a
------------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 11,000,719
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 49 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
GE 43.375 STRIKE PUT 01/20 Opt (P) 369604103 812,500 1,000 X
------------------------------------------------------------------------------------------------------------------------------
MU 25.00 STRIKE PUT 01/20/ Opt (P) 595112103 387,500 2,000 X
------------------------------------------------------------------------------------------------------------------------------
MU 30.00 STRIKE PUT 01/20/ Opt (P) 595112103 343,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
LEH 80.000 STRIKE PUT 01/2 Opt (P) 524908100 387,500 500 X
------------------------------------------------------------------------------------------------------------------------------
SUNW 75.000 STRIKE PUT 01/ Opt (P) 866810104 425,000 500 X
------------------------------------------------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ Opt (C) 29912201 877,500 400 X
------------------------------------------------------------------------------------------------------------------------------
AMT 40.000 STRIKE CALL 01/ Opt (C) 29912201 907,500 600 X
------------------------------------------------------------------------------------------------------------------------------
MSFT 75.000 STRIKE PUT 01/ Opt (P) 594918104 525,000 2,000 X
------------------------------------------------------------------------------------------------------------------------------
MSFT 80.000 STRIKE PUT 01/ Opt (P) 594918104 362,500 1,000 X
------------------------------------------------------------------------------------------------------------------------------
MSFT 95.000 STRIKE PUT 01/ Opt (P) 594918104 843,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 Opt (P) 594918104 280,000 2,800 X
------------------------------------------------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT 01/ Opt (P) 640938106 515,625 750 X
------------------------------------------------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ Opt (P) 640938106 3,281,250 2,500 X
------------------------------------------------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ Opt (P) 640938106 837,500 500 X
------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 10,786,875
------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
(SEC USE ONLY)
------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
--------------------------------------
Name of Issuer Managers (a) Sole (b) Shared (c) None
See Instr. V
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
GE 43.375 STRIKE PUT 01/20 n/a n/a
------------------------------------------------------------------------------------
MU 25.00 STRIKE PUT 01/20/ n/a n/a
------------------------------------------------------------------------------------
MU 30.00 STRIKE PUT 01/20/ n/a n/a
------------------------------------------------------------------------------------
LEH 80.000 STRIKE PUT 01/2 n/a n/a
------------------------------------------------------------------------------------
SUNW 75.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
AMT 30.000 STRIKE CALL 01/ n/a n/a
------------------------------------------------------------------------------------
AMT 40.000 STRIKE CALL 01/ n/a n/a
------------------------------------------------------------------------------------
MSFT 75.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
MSFT 80.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
MSFT 95.000 STRIKE PUT 02/ n/a n/a
------------------------------------------------------------------------------------
MSFT 62.50 STRIKE PUT 01/2 n/a n/a
------------------------------------------------------------------------------------
NETA 30.000 STRIKE PUT02/ n/a n/a
------------------------------------------------------------------------------------
NETA 40.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
NETA 45.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
COLUMN TOTALS
------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 50 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
INTC 80.000 STRIKE PUT 01/ Opt (P) 458140100 268,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
ORCL 32.500 STRIKE PUT 01/ Opt (P) 68389X105 309,375 3,000 X
------------------------------------------------------------------------------------------------------------------------------
QCOM 72.50 STRIKE PUT 01/2 Opt (P) 747525103 457,500 1,200 X
------------------------------------------------------------------------------------------------------------------------------
AZPN 25.000 STRIKE CALL8/ Opt (C) 45327103 225,000 120 X
------------------------------------------------------------------------------------------------------------------------------
AZPN 40.000 STRIKE PUT 08/ Opt (P) 45327103 231,250 250 X
------------------------------------------------------------------------------------------------------------------------------
SEPR 37.500 STRIKE PUT 01/ Opt (P) 817315104 1,220,000 3,200 X
------------------------------------------------------------------------------------------------------------------------------
SEPR 30.000 STRIKE PUT 01/ Opt (P) 817315104 218,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
SEPR 75.000 STRIKE PUT 01/ Opt (P) 817315104 417,500 200 X
------------------------------------------------------------------------------------------------------------------------------
ORB 15.000 STRIKE CALL 01/ Opt (C) 685564106 393,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
C 45.000 STRIKE PUT 01/20/ Opt (P) 172967101 218,750 1,000 X
------------------------------------------------------------------------------------------------------------------------------
C 50.000 STRIKE PUT 01/20/ Opt (P) 172967101 761,250 2,100 X
------------------------------------------------------------------------------------------------------------------------------
C 55.000 STRIKE PUT 01/20/ Opt (P) 172967101 322,500 600 X
------------------------------------------------------------------------------------------------------------------------------
LSI 50.000 STRIKE PUT 01/2 Opt (P) 502161102 706,250 1,000 X
------------------------------------------------------------------------------------------------------------------------------
WMI 10.000 STRIKE PUT 01/2 Opt (P) 0 222,813 3,100 X
------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 5,973,438
------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
(SEC USE ONLY)
-------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
--------------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
INTC 80.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
ORCL 32.500 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
QCOM 72.50 STRIKE PUT 01/2 n/a n/a
------------------------------------------------------------------------------------
AZPN 25.000 STRIKE CALL 8/ n/a n/a
------------------------------------------------------------------------------------
AZPN 40.000 STRIKE PUT 08/ n/a n/a
------------------------------------------------------------------------------------
SEPR 37.500 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
SEPR 37.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
SEPR 75.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
ORB 15.000 STRIKE CALL 01/ n/a n/a
------------------------------------------------------------------------------------
C 45.000 STRIKE PUT 01/20/ n/a n/a
------------------------------------------------------------------------------------
C 50.000 STRIKE PUT 01/20/ n/a n/a
------------------------------------------------------------------------------------
C 55.000 STRIKE PUT 01/20/ n/a n/a
------------------------------------------------------------------------------------
LSI 50.000 STRIKE PUT 01/2 n/a n/a
------------------------------------------------------------------------------------
WMI 10.000 STRIKE PUT 01/2 n/a n/a
------------------------------------------------------------------------------------
COLUMN TOTALS
------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Page 51 of 51
-- --
<TABLE>
<CAPTION>
FORM 13F
Name of Reporting Manager Citadel Limited Partnership
---------------------------
------------------------------------------------------------------------------------------------------------------------------
Item 6:
Item 1: Item 2: Item 3: Item 4: Item 5: Investment Discretion
--------------------------------------
Name of Issuer Title of Class CUSIP Fair Market Shares of (b) Shared
Number Value Principal (a) Sole As Defined (c) Shared-
Amount in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------------
MAT 20.000 STRIKE PUT 1/20 Opt (P) 577081102 480,000 500 X
------------------------------------------------------------------------------------------------------------------------------
YHOO 140.00 STRIKE PUT 01/ Opt (P) 984332106 825,000 400 X
------------------------------------------------------------------------------------------------------------------------------
ALTR 70.000 STRIKE PUT 01/ Opt (P) 021441100 512,000 500 X
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------------------------------------
COLUMN TOTALS 1,817,500
------------------------------------------------------------------------------------------------------------------------------
LONG MARKET VALUE 7,352,917,627
------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
--------------------------------------
(SEC USE ONLY)
-------------------------------------------------------------------------------------
Item 8:
Item 1: Item 7: Voting Authority (Shares)
--------------------------------------
Name of Issuer Managers
See Instr. V (a) Sole (b) Shared (c) None
------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
MAT 20.000 STRIKE PUT 1/20 n/a n/a
------------------------------------------------------------------------------------
YHOO 140.00 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
ALTR 70.000 STRIKE PUT 01/ n/a n/a
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
COLUMN TOTALS
------------------------------------------------------------------------------------
LONG MARKET VALUE
------------------------------------------------------------------------------------
</TABLE>
